MITEF Arab Startup Competition returns
Registration opens for ninth MIT Enterprise Forum startup competition
The MIT Enterprise Forum Arab Startup Competition launched yesterday, to promote entrepreneurship and startups.
The competition, which is in its ninth year, will run until the final in April, and is open to teams and individuals, with total prize money of over $150,000 plus other benefits including training, mentorship, coaching, media exposure, and networking opportunities.
The competition is being held in partnership with Zain Group and Community Jameel International, the CSR arm of Abdul Latif Jameel.
The competition includes three different tracks for Ideas, Startups, and Social Entrepreneurship. Registration is now open, and seventy semi-finalist teams will be announced on 1st February, 2016. The semi-finalists will be invited to attend pre-bootcamp activities scheduled to take place in February and March, 2016 in Egypt, Jordan, Morocco, and the UAE.
The competition will culminate in a five-day event in Jeddah, Saudi Arabia from April 11 - 15th, 2016, with the announcement of the competition winners scheduled to take place during the final award ceremony on April 14th, 2016, with a an one-day MIT Technology Review Pan Arab conference being held on April 15th, 2016.
Scott Gegenheimer, CEO of Zain Group said: "We continue to support this competition as Zain believes in championing the generation of new ideas, which may result in the development of the next technology or application to change our industry or the world. We are looking forward to interacting with this year's aspiring entrepreneurs and shall take the opportunity to capitalize on the most promising innovative ideas supporting our evolution to becoming a digital lifestyle operator."
President Fady Jameel, president of Community Jameel International added: "Entrepreneurs play an important role in shaping the economy and each year we are overwhelmed with the quality of participants in this competition. At Community Jameel, we are committed to enabling the next generation of young entrepreneurs and we will remain focused on creating and enabling an environment in which young entrepreneurs can achieve their aspirations. We look forward to receiving applications for this year's competition and we are confident that this ninth edition will yield excellent results."
Hala Fadel, Chair of the board of MITEF Pan Arab said: "We're excited to meet and support the next wave of innovators from the region. With the rapid growth of the entrepreneurship ecosystem in the region and the support of our partners, we expect a record number of applications this year."
Registration for the competition is now open online at www.mitarabcompetition.com