Bank of Maldives (BML) has officially opened applications for its 2025 Startup Grant, an initiative designed to empower emerging entrepreneurs across the island nation.

In a special move to mark the 10th anniversary of BML Islamic, the country’s national bank has expanded this year’s grant program to support three businesses, up from the usual two. Each selected startup will receive MVR 500,000 in funding, along with expert financial guidance to help bring their business plans to life.

The grant is open to individuals and newly registered businesses seeking to launch or grow a venture in the Maldives.

Commenting on the initiative, BML’s CEO and Managing Director Mohamed Shareef said that the startup grant initiative mirrors the bank’s commitment to fostering entrepreneurship and supporting the growth of the Maldivian startup ecosystem.

Applications must be submitted via email to [email protected] no later than 4pm on 7 September 2025.

Launched during January 2022, the BML Startup Grant has become a key pillar of the Bank’s efforts to support innovation and small business development in the Maldives. The Startup Grant is part of the bank’s commitment to support businesses and strengthen its relationship with the start-up ecosystem in Maldives. Through the programme, BML is nurturing the entrepreneurial spirit of the startup community to create jobs and opportunities to maximize the positive impact for society. The bank remains hopeful to see many individuals and businesses make use of this opportunity and contribute to the startup culture in Maldives.

Interested individuals have been instructed to visit their website for full application details and eligibility requirements.