Bank of Maldives Unveils Winning Startups for 2023 Grant

Bank of Maldives (BML) has proudly announced the recipients of the BML Startup Grant 2023. This initiative provides vital funding of MVR 500,000 to support budding entrepreneurs in kickstarting or expanding their ventures within the Maldives. The two outstanding winners are:

1. Aminath Hameed (Maldivian Patissier)
2. Vision: Establish a bakery featuring high-quality, distinctive bakes, and pastries. Sanfa Nazahath Ahmed (NazaHealth)

Vision: Introduce physical rehabilitation services in Lh. Naifaru.
Karl Stumke, the CEO and Managing Director of BML, commended the winners for their exceptional pitches and the quality of their submissions. He expressed BML's pride in backing these enterprises and eagerly anticipates their positive impact on the community. The selection process involved a rigorous evaluation, with the initial stage focusing on business plans to identify the ten most promising applicants. These selected entrepreneurs then presented their business ideas to an esteemed evaluation committee.