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84 teams qualify for MITEF Arab Startup Competition Finals
The MITEF Arab startup competition, in partnership with Community Jameel, is an annual competition celebrating Arab innovators, and will be held in Oman on April 19th. Community Jameel, a social enterprise organization that operates a wide range of initiatives to promote a positive society and economic sustainability has been a founding partner for the past 10 consecutive years, and strategic partners include Riyada, the competition’s governmental backbone, Omantel, the key contributor and supporter, and Zain Group, the competition’s digital partner.
This year’s edition witnessed an impressive participation, with more than 5,300 applications and semi-finalists hailing from 14 Arab countries: Lebanon (20), Egypt (14), the United Arab Emirates (10), Saudi Arabia (9), Jordan (7), Palestine (6), Morocco (4), Tunisia (6), Bahrain (2), Sudan (2), Kuwait (1), Qatar (1), Algeria (1), and Oman (1). The submitted projects, which come from a variety of sectors, include internet services, software, education, healthcare and creative industries.
As in previous years, the competition includes three tracks - the Ideas track, the Startup track, and the Social Entrepreneurship track, with 26, 34 and 24 semi-finalist projects in each respectively. Each project includes a team of at least three people, which brings the number of Arab entrepreneurs coming to Oman in April to over 200.
All 84 teams will participate in pre-boot camps in February and March in Jordan, Lebanon, Egypt, and the United Arab Emirates. Nine winning teams from the MIT EF Saudi Competition will be announced in March, and will be part of the list of the Pan Arab semifinalists.
The MIT Arab Startup Competition will culminate in a two-day event on April 18 and 19, 2018 in Oman, with the announcement of this year’s winners, set to take place during the final award ceremony. Cash prizes exceeding USD 160,000 will be distributed among the nine lucky winners, three per track. Beyond the cash prizes, all 84 semifinalists will benefit from advanced training sessions, personal mentorship and guidance, as well as media visibility, and excellent networking opportunities. For more information on this year’s MIT Enterprise Forum Arab Startup and a complete list of semi-finalists and more information, visit the MITEF Arab Startup Competition website.