Winners at growing their business

ENAR

What do recycled electronics, olive oil and an online game have in common? They are the products behind the three companies that won the “Grow My Business” competition, a joint initiative between the Beirut Traders Association, the MIT Enterprise Forum for the Pan Arab Region and Bank Audi. The competition’s aim is to encourage entrepreneurship in Lebanon and support the development of the private sector. After 30 teams presented detailed business plans in front of a high-profile jury, three teams were granted awards. The first prize of LL50 million ($33,200) went to AD Tech, the second prize of LL20 million ($13,300) went to Olive Trade and the third prize of LL10 million ($6,600) went to Wixel Studios. Executive sat with the owners of each company to discuss their business model and expansion plans. AD Tech – Recycling electronics  When you renew your laptop or your smartphone, you have three options