Startup News

MIT Enterprise Forum Pan Arab Invites Applications for Its 12th Arab Startup Competition

The MIT Enterprise Forum's 12th edition of the Arab Startup Competition accepts team registrations until December 10, 2018.
MIT Enterprise Forum Pan Arab Invites Applications for Its 12th Arab Startup Competition
Image credit: MIT Arab Startup Competition
2 min read

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

The MIT Enterprise Forum’s 12th edition of the Arab Startup Competition, a globally-recognized platform for young Arab entrepreneurs to showcase, test and develop their innovative ideas, is accepting team registrations until December 10, 2018.

Each year, the Arab Startup Competition incorporates three tracks: The Ideas track, the Startups track and the Social Entrepreneurship track, with cumulative cash prizes of US$160,000. The teams that qualify for the semi-finals will participate in a series of preparatory activities, including training sessions, mentorship, coaching, and workshops. In the final stages of the competition, the three most promising teams will be crowned winners for each of the tracks.

Hala Fadel, Chair of the Board of MITEF Pan Arab, said that the Arab Startup Competition is a unique platform for entrepreneurs to showcase their business models and to build large networks in and outside of the Arab region. “Throughout the last twelve years, we have seen a growing Arab startup scene, with an increasing number of entrepreneurs applying for this particular competition, who not only want to launch a business but who want to stand out from the crowd,” Fadel added. “Thanks to Community Jameel, our longtime partner, we offer Arab entrepreneurs cash prizes, learning tools to move forward, and entry point to investors and other supporters.”

Since its first edition in 2006, the MIT Enterprise Forum Pan Arab trained and empowered more than 2,300 entrepreneurs; received a total of 40,000 applications; while the winners received a sum of US$ 1,080,000 in equity-free investment. Interestingly, 51% of all the semi-finalists teams had at least one female leading member.

This year’s competition will be held in partnership with Community Jameelthe World Bank Group, touch,  Beirut Digital District (BDD), Roland Berger, as well as Careem. It will conclude with an official awards ceremony in Beirut, Lebanon, on April, 3 – 4, 2019.

Interested Arab entrepreneurs should register on the competition’s official website until 10 December 2018.

Related: Future Perfect: A Vision For The Next Decade Of MENA Entrepreneurship Ecosystem

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.