Mohammed Bin Rashid Establishment initiatives for the development of small and medium enterprises, "Mohammed bin Rashid Award for Young Business Leaders " Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai Mohammed bin Rashid Al Maktoum Foundation launched for the development of small and medium enterprises in the year 2003, "Mohammed bin Rashid Award for Young Business Leaders," to reward and honor the entrepreneurial excellence in the UAE . During the past few years, several of the brightest entrepreneurs that got this prestigious award in recognition of their contributions to the local community and other industries honored. The award is not limited to the elite; it extends to honor and motivate individuals and institutions that have contributed to the development of entrepreneurs in the United Arab Emirates. The awards are granted under the supervision of a jury made up of leading figures in their field of specialization, and proven competence and experience. The awards are divided into several categories, and each category has its own commission.