Bank of Palestine provided its main sponsorship for the activities of the Global International Week that were launched last week in partnership with the Higher Council of Innovation and Excellence and Growth Palestine for Development and Training, with the participation of several innovators, creators and interested individuals in Palestine. In November of every year, this event is carried out in more than 160 countries around the world, and this year, more than 56 activities were organized in Palestine.


This week aims to reveal the talents, creations and innovative ideas that youth have the potential to produce. It also aims to establish channels for debate and communication between communities, owners of commercial initiatives and business people, and encourage small and medium size companies to rise and flourish in local and global markets. The Global Entrepreneurship Week is considered one of the biggest events for innovators and job creators who managed to launch startups that seek to transform ideas into realities, push the wheel for economic growth forward and expand prospects for the wellbeing of society.


Among the activities implemented at the Global Entrepreneurship Week is the Get in the Ring competition, which is a global event that is conducted in more than 70 countries around the world. This competition provides participants with promising startup projects a platform to interact with the target audience, including investors and partners. The jury of the competition, which was held at the Grand Park Hotel in the city of Ramallah, announced the winning of three Palestinian entrepreneurial projects, and managed to reach the finals that will be held in Lisbon, Portugal, where the winning project on a global scale will be announced.


Alongside the aforementioned competition, another activity was implemented at the Palestinian Museum in Birzeit, entitled Start up Weekend. The latter involved the participation of groups of developers, business managers, startup enthusiasts, marketing experts, graphic designers and owners of new startups who gather and develop a working prototype others pitch ideas for new startup companies, form teams around those ideas, and work to develop a working prototype for them.


Sponsors of the Global Entrepreneurship Week and the international competition include Bank of Palestine, the Arab Palestinian Investment Company (APIC), the National Bottling Company (Coca Cola), the Paltel Group, the Consolidated Contractors Company (CCC),  and the Palestine Development Foundation, with media sponsorship from and Palestine Television.


Bank of Palestine believes that youth are the real wealth of Palestinian society, and their education is its hope for prosperity and development. These youth own the energies and capacities that are able to provide society with innovative solutions and creative ideas that promote Palestine at global innovation forums. Bank of Palestine’s sponsorship for the activities of the Global Entrepreneurship Week aims to create an appropriate and stimulating environment for youth entrepreneurs that allows Palestine to partake and form networks in the ever developing scientific world.

To top-up its strategy that aims to support and promote innovation in Palestine, the bank contributed to the establishment of the Ibtikar Fund, which aims to invest in youth projects that entail creative ideas and new innovations that could contribute to economic and social development through the employment of a workforce that provides society with new products and services. Bank of Palestine’s interest in youth is part of its vision to build a nation that grows with its generations of leaders, and a nation that is able to fulfill the ambitions of these youth and allows them to unleash their creativities and innovations that place Palestine on the map of leading and progressive sciences.