Bank of Maldives (BML) has announced the BML Startup Grant as part of the series of 12 high impact monthly community initiatives to celebrate the Bank’s 40th anniversary in November.
The BML Startup Grant is a program for emerging entrepreneurs to win a grant funding to start or grow a business in the Maldives. Four winning businesses will be awarded MVR500,000 each. Bank of Maldives will provide mentoring support for the winners to successfully implement their plans.
BML’s CEO and Managing Director, Tim Sawyer said the Startup Grant is part of the Bank’s commitment to support businesses and strengthen relationship with the start-up ecosystem in Maldives. Through the programme, the Bank will be nurturing the entrepreneurial spirit of the startup community to create jobs and opportunities to maximize positive impact for society, he said. The winners will be provided with financial advisory services to help support their vision.
Applications must be received by midnight on 16th March 2022. More details on the application and eligibility process will be available on the Bank's website.
The Bank launched ‘BML Scholarship Fund’ and refurbishment and upgrading of the Maldives National Library as the first two monthly initiatives to celebrate the lead up to its 40th Anniversary.