The 2022 FBN Next Generation Lombard Odier Award encourages the next generation of entrepreneurs

Fardan Fahad Alfardan won the award for ‘Safwa’, his sustainable agriculture business that uses technology to grow products while limiting impact on the planet.

The Family Business Network (FBN) and Lombard Odier honor three exceptionally promising young family entrepreneurs, shortlisted for the 14th FBN NxG Lombard Odier Awards. Fardan Fahad Alfardan won the award for ‘Safwa’, his sustainable agriculture business that uses technology to grow products while limiting impact on the planet.

during the 31and At the FBN Global Summit, taking place September 28-October 1, 2022 in Budapest, Hungary, each of the finalists will tell their story – including the role played by their family and their vision for future growth in an interconnected and ever-changing world. change. .

This year we celebrate the 20and NxG Anniversary, which celebrates great examples of entrepreneurial spirit that still benefit our community today. We see in this new generation the strong desire to find their place in family businesses and in the world: we are proud to see that they propose innovative, responsible and high-impact projects like those nominated for this year’s NxG Award. We are confident that this space will continue to expand alongside our community for years to come, encouraging more entrepreneurs to take control of their destinies and find new solutions to make our world a better place.

Despite the unprecedented challenges that recent health and geopolitical crises pose to business evolution, they also offer the opportunity to accelerate the next wave of innovation. In these troubled times, FBN and Lombard Odier believe that we must continue to encourage and support young entrepreneurs of the new generation.

Family businesses are well known for their ability to weather times and times of crisis – and so should NxG entrepreneurs. Created in 2009, the FBN NxG Lombard Odier Award aims to reward and support outstanding entrepreneurial projects initiated by the new generation of family business owners.

The finalists and projects for 2022 were chosen by a jury made up of business leaders and experienced entrepreneurs based on the following criteria: Innovation, Feasibility, Sustainability and Communication.

This year, we are honored to partner with the International Institute for Management Development (IMD) and the winner will receive a scholarship to participate in one of IMD’s programs for leaders.

Finalists will benefit from advice from their peers and practical feedback from expert jury members, including seasoned business leaders, seasoned entrepreneurs and expert academics. They will also have the opportunity to present their project to the FBN community. As Selin Yigitbasi, winner of a previous edition, recalled: “I submitted my candidacy because I didn’t want to miss the opportunity to show my project to an enthusiastic audience with very clear goals. I wanted to get feedback, find mentors and get information.”

The three finalists for the 2022 edition of the NxG Award are:

Fardan Fahad Alfardan
Gulf Council, 3rd Generation, Alfardan Group
Qatar, 2nd generation, K. Invest (Holding) SAL
Administrative Director – Wahat Shafalahia and Safwa

Safwa was founded in 2019 from the family farm, and provides high quality products to the local population. In Qatar, most fruit and vegetables are imported from abroad, so we offer high quality products that grow year-round on our farms, even in the driest months. The availability of these high quality products supports Qatar’s goals of self-sufficiency and benefits the economy as we look to export them internationally. Among the many benefits of this technology, the use of hydroponic and aeroponic systems allows us to save water, as we recycle 90% of what we use. By limiting land use, we can protect land, our most valuable asset. We also don’t use insecticides or pesticides in our products, which allows us to provide people with the healthiest vegetables.

Micaela Illy
Italy, 4th generation, Illy Caffe
Managing Director, EatsReady

EatsReady is the first Italian start-up to enter the food stamp business in the country. It was born from the ambition to create the same value for all market players, leveraging technology and an innovative business model. The solution is based on four main pillars: 1. From paper to electronic meal vouchers, avoiding administrative bureaucracy and promoting sustainability; 2. Fair prices: 50% reduction in restaurant commission; 3. Transparency for all market players; 4. User experience: from double payment to one-click payments. We work above all for the well-being of our employees and, to that end, we are expanding our product portfolio and working with companies to offer their teams increasingly effective solutions.

Nicolas Staempfli
Switzerland, 4th generation, Weinkellerei Staempfli AG
Co-CEO of “Weinlager Laupen”/Chai

Weinlager Laupen is a “wine vault” that stores wine for private and institutional customers. Customers have access to their wine 24 hours a day and the vault is managed and operated as a start-up, integrating state-of-the-art technologies for the safe storage of its customers’ liquid treasures in ideal conditions. Thanks to blockchain technologies and our business ecosystem, our customers can store their wines or exchange them between peers.

Frédéric Rochat, Managing Partner at Lombard Odier Group, said: “We would like to congratulate Fardan Fahad Alfardan, winner of the FBN NxG Lombard Odier Award, as well as Micaela Illy and Nicolas Staempfli for their remarkable run to the final. Entrepreneurship, resilience and innovation are at the heart of the DNA of family businesses and we are extremely proud to be partners with the FBN Next Generation award.”

“Today, as we live in difficult times, we must focus on sustainability as a profound economic transformation begins. This sustainability revolution is fueled by powerful market forces: pressure from investors, changing consumer behavior and the adoption of different business models by companies. These forces will continue to accelerate the transition to a more circular, efficient, inclusive and clean economic model. At Lombard Odier, we are convinced that the ecological transition will offer many opportunities and bring innovations that we must not miss.”

“This award is a natural extension of our beliefs. It was created to support the innovative and sustainable initiatives of the next generation of family entrepreneurs around the world.”

Alexis du Roy de Blicquy, CEO of FBN, said: “We are particularly proud to recognize 3 exceptional family entrepreneurs from our community who have supported their family’s entrepreneurial spirit across generations. Congratulations to Fardan Fahad Alfardan for winning this prestigious award.”

“As the NBF celebrates the 20th anniversary of our NxG Community, it is critical to encourage and support new leaders who are participating in the innovations and transformations of historic companies to address today’s challenges, including climate change. Family businesses are a powerful force for good: Because the horizon of their thoughts and actions is expressed in generations rather than quarters, they play a significant role in transforming business models and redefining cross-generational success.”

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