Two businesses announced for BML Startup Grant 2023

Oct 15, 2023, 2:55 AM

The Bank of Maldives (BML) has announced the two winning businesses for the BML Startup Grant 2023.

This grant is targeted for emerging entrepreneurs to win funding of MVR 500,000 to start or grow a business in the Maldives.

The winners for this year are Aminath Hameed (Maldivian Patissier) to establish a bakery with high quality, unique bakes and pastries and Sanfa Nazahath Ahmed (NazaHealth) to establish a physical rehabilitation service in Lhaviyani Naifaru

BML CEO and Managing Director Karl Stumke congratulated the winners for their excellent pitches and the quality of their submissions.

"We are proud to support these businesses and look forward to witnessing them create new opportunities while making a positive impact in the community," he said.

The winners were selected through a competitive evaluation process comprising two stages. During the first stage, business plans were evaluated to shortlist the 10 most promising applicants. The selected applicants were required to present the business idea to an evaluation committee.

Bank Of Maldives (BML)

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