Startup founders and entrepreneurs, listen up!
The MIT Enterprise Forum (MITEF) for the Pan Arab Region, in partnership with Community Jameel, a social enterprise organisation that operates a wide range of initiatives to promote a positive society and economic sustainability , and Zain Group, a leading mobile telecom innovator across the Middle East and Africa, announces 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 total prize money on offer totaling 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.
The competition’s website opened for applications on October 17, 2016 with the deadline for receipt of applications being January 4, 2017. Informative roadshows promoting the competition are planned for Bahrain, Egypt, Kuwait, Jordan, Lebanon, Morocco, Qatar and the UAE, and 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.
“This is the tenth consecutive year that Community Jameel has supported the MIT Enterprise Forum Pan Arab,” said Fady Jameel, President of Community Jameel International. “The continuation of our support for this project underscores our commitment to helping the next generation of young entrepreneurs realise their hopes and aspirations.”
Stressing the importance of competitions like this and their growing popularity, Mr Jameel noted: “We have witnessed the tremendous success stories that MITEF Pan Arab has brought about in our region over the past nine years and anticipate even greater achievements for the upcoming tenth edition and in the future.”
The ninth edition of the competition that saw the final ceremony held in Saudi Arabia, received an outstanding 5,033 individual 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 visit www.mitefarab.org.