Deadline: December 10, 2018
Applications for the MIT Enterprise Forum Arab Startup Competition 2019 are open. The MIT Arab competition is designed to empower entrepreneurs and foster an eco-system of innovation and entrepreneurship in the Arab Region.
The MIT Arab Competition is a yearly competition initiated by the MIT Enterprise Forum Pan Arab since 2006. ASC pits entrepreneurs in three different tracks: Ideas, Startups and Social Entrepreneurship Track. The winning teams are awarded 160K USD in equity free fund and benefit from a range of other activities.
Prizes
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 product/service, traction and sales
- The startup should be generating between 50,000 USD and 350,000 USD per year in revenues
- The startup should not have raised funding above 1,500,000 USD
- The startup should be legally registered in an Arab country or registered abroad and operating in an Arab country
- The startup should be in any Tech or Digital industry
- Ideas Tracks
- Teams are required to have a proof of concept (surveys, track record, clients list, etc.) for their ideas and a prototype
- Having the startup registered is a plus
- Ideas / Startups should have a validated Business model, with a clear plan on how to grow (In terms on team, markets, geographies, etc.)
- Reference/Recommendation from a mentor/industry expert
- The ideas should be in any Tech or Digital industry
- Social Entrepreneurship Track
- Each team should have at least two members
- The team should have a working product/service addressing a social challenge with a For-Profit model
- The startup should be legally registered in an Arab country or Registered abroad and operating in an Arab Country
- The startup should be generating between 50,000 USD and 350,000 USD per year in revenues
- The startup should not have raised funding above 1,500,000 USD
- The startup should be in any Tech or Digital industry
Application
For more information, visit MIT Arab Competition.