BML opens applications for 2025 Startup Grant

Bank of Maldives (BML) on Thursday opened applications for its Startup Grant 2025.

The BML has been selecting two businesses each year under its Startup Grant initiative. But this year, the BML is selecting three recipients – in celebration of BML Islamic’s 10th anniversary.

Each of these businesses will receive a grant of MVR 500,000. In addition to financial support, the bank will provide comprehensive financial advice to guide the recipients in successfully executing their business plans.

Both individuals and newly registered businesses are eligible to apply for the grant.

BML’s CEO and Managing Director Mohamed Shareef described the Startup Grant initiative as part of the bank’s commitment to support businesses and strengthen its relationship with the start-up ecosystem in Maldives.

“Through the program, we are nurturing the entrepreneurial spirit of the startup community to create jobs and opportunities to maximize positive impact for society,” he said.

Applications must be emailed to [email protected] by 04:00 pm on September 7.

The BML Startup Grant was launched in 2022 and is targeted for emerging entrepreneurs to win funding to start or grow a business in the Maldives.

Additional information regarding the initiative is available on the bank’s website.