April 13 2009:
Dubai
The Mohammed bin Rashid Establishment for Young Business Leaders (MBRE) will be honoring the winners of the fifth Young Entrepreneur Competition (YEC) with cash prizes for the first time, on April 14th at an awards ceremony held by MBRE.

Held under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and the Chairman of the MBRE's Board of Directors, the awards ceremony will award the top 5 winners from schools and Universities across the UAE with certificates and a trophy.

The categories include; Best Marketing, Best Technology, Best Team-work, Best Profitable Business, Best Cultural, Best product design, Best Kiosk, Best UAE National Team, Best Unique Business, Best Handmade Product, Best Artistic Projects, Best Environmental Awareness.

Abdul Baset Al Janahi, CEO of Mohammed Bin Rashid Establishment said:
“The YEC 2009 attracted over 280 projects that were far more creative than previous years. In terms of selecting the overall winner, we were looking for business ideas, products that are creative, innovative are well marketed and have the potential to be a profitable business. We look forward to congratulating the top five winners at the MBRE award ceremony on April 14th and working with the overall winner to develop their business plan.”

The winner of the competition was selected on April 4th by judge panel, which comprises of members of the Ministry of Education, MBRE, Dubai Knowledge and Human Development Authority and will be announced next week at the awards ceremony.