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BML Startup Grant 2024
Grant
Competition & Award
About
The BML Startup Grant offers Maldivian entrepreneurs the chance to win MVR 500,000 and business support to bring their ideas to life.
Benefits
- 💰Financial Support
- 2winning pitches will be granted MVR 500,000 each to implement the presented business idea within 12 months of awarding the grant
- 🤝Business SupportBusiness support will be provided by a Relationship Manager of the Bank for each winner for a period of 1 year as after-care support to the winners
Eligibility Criteria
- Must be a Maldivian citizen aged between 18 and 60
- Can apply individually or as a joint applicant
- Employees of Bank of Maldives and their immediate family members are not eligible
- Should not be a registered business for over 12 months
- Applicants must not hold a shareholding position in any other registered business
- Government bodies, business entities and other institutions that are state funded are not eligible
- All individual applicants and businesses must be credit worthy customers of Bank of Maldives
Target Sector
All industries
Target Location
Maldives
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Bank of Maldives