Young Entrepreneur Competition 2012 starts March 28


Future entrepreneurs set to match skills in four-day display of business projects

‘Young Entrepreneur Competition 2012’ exhibition will run from March 28-31 at WAFI

Visitors to the exhibition can enter draws and win valuable prizes

Over 2,500 aspiring entrepreneurs from schools and universities across the UAE will bring their business concepts to WAFI for a four-day exhibition starting tomorrow. The exhibition is part of the ‘Young Entrepreneur Competition 2012’ (YEC 2012) of Dubai SME, the agency of the Department of Economic Development mandated to promote the small and medium enterprise (SME) sector.

Participating students will display their projects ranging from fashion accessories, handicrafts, interior design and medicines to educational material and sustainability products, in more than 700 designated kiosks on the ground level and first floor of WAFI.

Currently in its eighth year, YEC aims to enable students to test their entrepreneurial skills in a real world of business, learning valuable experience in business operations and sales in that process. National and expatriate students from all seven emirates in the UAE – almost 56% of them females – are participating in the exhibition this year.

Nisrin Safar, General Co-ordinator of YEC, commented that YEC remains a major draw for the upcoming entrepreneurial talent in the UAE. “The competition is witnessing growing interest and participation every year. For the second year in a row special needs students are participating this year. The exhibition will be open from 10 a.m. to 10 p.m. on 28, 29 and 31 March and from 4 p.m. to 10 p.m. on 30 March. Visitors have the opportunity to purchase the goods on display and enter raffle draws to win attractive prizes,” said Safar.

“Every purchase worth AED200 from the kiosks will go into daily draws, to be held at the close of the exhibition every day. A variety of prizes ranging from gift hampers and dining vouchers to AED5, 000 worth of gold jewellery await the draw winners,” said Yousef Lootah, Head of Communications, YEC.

The prizes are offered by Marks & Spencer, Pure Gold, Patchi, Bahrain Optician, Romano Pizza, Encounter Zone, Accent, Grano Coffee, Rose Café, and Malenbirger.

WAFI has also announced a range of benefits for participating students and their families, including exclusive offers in food and beverage outlets such as Biella, The Square and Bellucci within the mall.

du, a major promoter of entrepreneurial development initiatives in the UAE and sponsor of the Young Entrepreneur Competition for the third year in a row, will be a major presence at the exhibition. The telecom operator has set up its own kiosks to allow university students to have a first-hand experience of telecom retailing.

Held under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, the annual Young Entrepreneur Competition aims to instill and nurture entrepreneurial spirit among the younger generations in the UAE.

For more information on YEC 2012, call 800 SME (763) or email


Please enter your comment!
Please enter your name here