ArabNet announces Ideathon, Startup Demo finalists
Both competitions encourage entrepreneurs and aid them to start businesses
Arab web and mobile industry forum, ArabNet, has announced the finalists and runners-up for its annual competitions; the Ideathon and the Startup Demo.
The Ideathon is a competition which encourages innovation, asking entrants to develop ideas that can be turned into functional products.
Finalists from across the region will be given a chance to present their ideas in front of a panel of investors, incubators and developers. Presentations must not be longer than two minutes and the top three ideas will receive cash prizes and support in building prototypes of their ideas.
The innovations chosen for the Ideathon final include a virtual wardrobe, an online video library for schools in the UAE, a gifting website and mobile classifieds.
Ideas in the runners up category included an interactive online news website and a mobile phone-based healthcare system.
The Startup Demo competition is designed for early start-ups and winners receive support for their business. Entrepreneurs will have five minutes on stage to showcase their product and convince a panel of judges its market potential.
Startups will also be given exhibition space during the summit.
Startup Demo finalist ideas include Jamalon, an online bookstore operating from Jordan, Nuqudy, an Arabic financial news and trading portal that provides Arab investors regional and international content and Cashbury, a location-enabled mobile payment platform combined with a reward system.
"ArabNet brings together young entrepreneurs and leaders from the web and mobile industries, giving them a chance to not only present to a panel of prominent judges but also an opportunity to network with some of the most influential players in the region," said Omar Christidis, ArabNet's founder.
The ArabNet Shift Digital Summit will take place in Beirut from 22nd to 25th March and is designed to bring together Arab web executives, entrepreneurs, developers, investors, NGOs and media, to discuss the latest trends and technologies in the sector.