HSBC launches awards for young entrepreneurs
HSBC Bangladesh launched the Young Entrepreneurs Awards 2009-10 (YEA) at the Bengal Gallery in Dhaka yesterday, the bank said in a statement.
The bank is organising the business plan writing competition for the fourth consecutive year this time.
YEA was originally launched nine years ago to encourage innovation and creativity among students in Hong Kong. Since then, over 14,000 students submitted over 5,300 ideas.
This time, students from Bangladesh, Hong Kong, Malaysia, the Philippines, Thailand and Brunei will compete in the regional final in Malaysia.
In 2009, over 250 teams from Bangladesh made submissions.
Three winning teams (gold, silver and bronze winners) from Bangladesh were sent on a weeklong study trip to Hong Kong.
The gold team competed with the other regional winners and came in third and won the bronze award with a cash prize of HK $10,000.
Every team, consisting of two or three members, is requested to submit a business plan at the YEA website (www.asiayea.com) by January 24 in 2010, in the three phased competition.
The regional competition in Malaysia will take place in June.
Sanjay Prakash, chief executive officer of HSBC Bangladesh, said HSBC is proud to provide students with an access to the regional competition and hopes the country will continue to produce talented young entrepreneurs who could compete and win awards on the global stage.