Deadline: November 27, 2017
Apply now to the 11th Edition of the MITEF Arab Startup Competition and lead with big steps. The Arab Startup Competition is a yearly competition run by the MIT Enterprise Forum Pan Arab that puts entrepreneurs in 3 different tracks: Ideas Track, Startups Track and Social Entrepreneurship Track. The different tracks cater for various categories of entrepreneurs in any industry. The winning entrepreneurs are awarded prizes worth more than USD 160K and benefit from a range of other activities.
Now in its 11th year, the MITEF Arab Startup Competition has provided top tier training to over 2000 entrepreneurs, facilitated the establishment of over 400 startups and the competition’s alumni have created over 2600 jobs.
Benefits
Winning entrepreneurs will receive:
- Top tier training;
- Mentorship;
- Media Exposure;
- Networking Opportunities and
- Cash prizes which will be awarded to three winning teams from the Ideas, Startups, Social Entrepreneurship tracks.
Eligibility
- Startup Tracks
- Each team should have at least two members;
- The team should have a working prototype and ideally some user traction and some sales;
- The startup should not have generated more than $500K in annual revenues and must have been operational for less than 5 years;
- The startup should be legally registered in an Arab country;
- The startup can be in any industry.
- Ideas Tracks
- Each team should have at least two members;
- Teams are required to have a proof of concept for their idea;
- Teams are not required to have a prototype;
- Similarly, teams are not required to have had any sales or have their company registered. The winners however will be required to incorporate their company in an Arab country before receiving their prize;
- The ideas can be in any industry.
- Social Entrepreneurship Track
- Each team should have at least two members;
- As MITEF is targeting startup stage social enterprises, your startup must be registered in an Arab country;
- Your startup can be either for-profit or not-for-profit;
- Your core product or service must address a social problem;
- Your social enterprise can be in any industry.
Application
To enter the competition, you must:
- Log in to your account or create a new one if you don’t have one;
- Choose the language you’d like to continue with;
- Select the track you’re eligible for;
- Fill out the application form;
- Submit the application before the deadline.
Timeline
- November 27, 2017: Application Submission Deadline
- January 12, 2018: Announcement of Semifinalists
For more information, visit MITEF Arab Startup Competition.
