10th MIT Enterprise Forum Arab Startup Competition Launched
The MIT Enterprise Forum (MITEF) for the Pan Arab Region, in partnership with Community Jameel, a social enterprise organization, and Zain Group announced the launch of the tenth edition of the MIT Enterprise Forum Arab Startup Competition.
Similar to the proceedings in previous years, this year’s competition includes three different tracks: Ideas, Startups, and Social Entrepreneurship, with a total prize money of USD $160,000. Each of the three tracks will award the first three ranked winners with cash prizes, in addition to many other benefits including: top tier training, mentorship, coaching, media exposure, and great networking opportunities.
For Zain, the reasons for continued involvement are simple – this competition supports young aspiring entrepreneurs to achieve their dreams and appeals to a number of our core constituents, aligning with our outlook and values perfectly. Again, we look forward to seeing the face of innovation being revealed throughout the course of the competition and shall take the opportunity to capitalize on the most promising ideas, supporting our evolution in becoming a digital lifestyle operator.”
The competition’s website opened for applications on October 17, 2016 with the deadline for receipt of applications being January 4, 2017. 79 semi-finalist teams will be announced on February 10, 2017.
The semi-finalists will be invited to attend pre-bootcamp activities scheduled for February and March, 2017 in Egypt, Jordan, Morocco, Saudi Arabia and the UAE. The competition will culminate in a four-day event from April 24 to April 27, 2017, with the announcement of the competition winners set to take place during the final award ceremony on April 27, 2017.
“The continuation of our support for this project underscores our commitment to helping the next generation of young entrepreneurs realize their hopes and aspirations.” said Fady Jameel, President of Community Jameel International.
The 2015/2016 ninth edition of the competition that saw the final ceremony held in Saudi Arabia, received 5,033 individuals and team applications from 21 Arab countries.
For more information on this year’s MIT Enterprise Forum Arab Startup Competition eligibility and judging criteria, as well as the planned roadshows, please click here.
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