INJAZ Qatar, a non-profit organization and affiliate of Junior Achievement (JA) Worldwide, will be hosting Mubadara 2012, INJAZ’s fifth Annual Young Enterprise of the Year competition, on Saturday May 19th at Katara.
Students from seven schools across Qatar will present to a panel of judges which includes Khalifa Al Kuwari, COO, Qatar Investment Authority & Qatar Holding, Maha Al Naemi, Founder and Managing Director, AND Trading, Martin à Porta, CEO, Siemens WLL, Salem Al Kuwari (pictured), CEO, ISNAD United Investment and Nael Fayez, CEO INJAZ Saudi Arabia.
Mubadara, which means “initiative” in Arabic, is the new name and theme for INJAZ Qatar’s annual Young Enterprise of the Year competition. The competition, first organized in Doha in 2008, will see seven student led enterprises established through INJAZ’s globally recognized Company Program™ compete for the ‘Best Student Company’ award. The winning team will take part in a regional competition against 13 Arab countries scheduled to take place in Abu Dhabi in September.
Company Program™ provides students with the unique opportunity of establishing and running a real company as they develop a business idea, raise capital, produce and sell a product/service. By the end of the program students liquidate the company with balance sheets and profit/loss statements and prepare to present their business to a panel of judges at the national competition. This year this program received funding from Boeing and MEPI.
The Competition consists of four stages. Students are asked to submit their company report to a panel of judges ahead of the Competition which is then reviewed and scored. Next, each team is invited to an interview that will be conducted by the judging panel on Thursday May 17th 2012. The final two stages are the business presentation and the trade fair exhibition which will take place on Saturday May 19th. For the second year students received training on presentation skills from H+K Strategies.
Aysha Al Mudehki, Executive Director of INJAZ Qatar, commented, “INJAZ Qatar supports youth in achieving their goals by helping them develop the skills they need to become successful leaders in business. Company Program™ allows these students to experience the real challenges of setting up a business and helps them to better understand the financial and managerial implications of establishing a company. We are extremely excited about this year’s competition. We have seen amazing creativity over the years and this year the bar has been raised even higher.”
“We are excited to see which team takes our first prize. They have each worked extremely hard with the support of corporate leaders and we look forward to seeing the fruits of their labor.” She added “We are very grateful to these corporate volunteers that have mentored students’ teams throughout this exciting business journey. Participating companies include Deloitte, State Street, Blue Salon, Qatar Development Bank, Qatar Financial Regulatory Authority, Bedaya Center, Qatar Shell, Q Solutions and Yashfeen Medical Center. They have committed their time to mentor students’ teams throughout this exciting business journey.”
Mubadara 2012 will spotlight the skills acquired by INJAZ Qatar students through Company Program™. Students will be judged and awarded in four categories including, “Best Student Company of the Year”, “Best Young Entrepreneur of the Year”, “Best Marketing Plan” and “Best Public Presentation.”
Participating schools include, Amna Bint Wahab Secondary School for Girls, Al Bayan Secondary School for Girls, Al Rayyan Secondary School for Girls, Al Risala Secondary School for Girls, Omar Bin Khattab Secondary School for Boys, Misaab Bin Omeir Secondary School for Boys and Doha Secondary School for Boys.
The Company Program™ competition is held annually in over 100 Junior Achievement countries around the world and 14 MENA countries.
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