They will be continuously challenged by the judges to be able to maintain the business scaling up so that it can become a new business.Jakarta (ANTARA) - Bank Mandiri has announced the Mandiri Young Entrepreneurs (WMM) 2021 competition to support the growth and development of young Indonesian entrepreneurs.
WMM 2021 will not have a peak event or awards event this year; instead, it will be based on the capital league concept, where participants will compete for capital rewards of up to Rp2.5 billion, Bank Mandiri institutional relations director Rohan Hafas said.
"Capital League is the participants matching over investors' wishes whether or not they should invest and deposit their capital in the company or business they create," Hafas explained at an online press conference here on Monday.
WMM 2021 will be divided into two categories: business proposals and challenges, he informed. The number of participants will be limited to 60, he said adding, in order to be eligible for the competition, participants should have been running a business for at least four years and have a turnover of Rp1 billion.
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According to corporate secretary of Bank Mandiri, Rudi As Aturridha, WMM 2021 will offer more rewards because the prize cap can be seized by anyone who successfully enters the WMM Capital League round.
WMM 2021 also allows winners of previous years to rejoin the competition and the entire series of activities will be carried out in the format of a variety show, he added.
"The competition event is filled with non-boring (activities), we create the reality show in a digital format that will be broadcast on YouTube," he said.
Participants at WMM 2021 will compete under five business categories — social, technological, creative, service industry and trade, and culinary, Aturridha said. For each category, only one winner will be selected, he added.
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"They will be continuously challenged by the judges to be able to maintain the business scaling up so that it can become a new business," he explained.
For the competition, Bank Mandiri is looking for young entrepreneurs who are original, have had a big impact on society, are unique, who have never taken part in similar competitions, are willing to learn and become BMRI brand ambassadors, and have a clear scaling up road map, and a good attitude, he informed.
Registrations for WMM 2021 will be open from September 13 to October 12, 2021 and can be completed via the website www.wiraudhamudamandiri.co.id, he said.
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Translator: Kuntum R, Kenzu T
Editor: Fardah Assegaf
Copyright © ANTARA 2021
