Deadline: December 6, 2021
Applications are invited for the Startup Competition 2021-2022. The Competition is the merge between MIT Enterprise Arab Startup Competition and MIT Enterprise Saudi Startup competition. It aims to enable entrepreneurs and promote an ecosystem of innovation and entrepreneurship in Saudi Arabia and the Arab world.
The competition puts entrepreneurs in three different tracks: Ideas, Startups, and Social Entrepreneurship. This year’s edition launches with the slogan “Empowering Today. Transforming Tomorrow” through a 7 month thrilling journey, filled with exciting activities like: top-tier training, mentorship, media exposure, and excellent networking networking opportunities, not to mention, the winning teams benefit from equity free-fund cash prizes.
Competition Tracks
- Startups Track
- Ideas Track
- Social Entrepreneurship Track
Competition’s BootCamp
An intensive 3-day bootstrapping training program designed specifically for the semifinalist teams of the competition to prepare them for their upcoming pitches. The training is customized for each of the three tracks and covers topics including but not limited to scaling businesses, building business models and value propositions, customer journey mapping, fundraising, and pitching.
The BootCamp also includes the flagship mentorship activity putting the participating entrepreneurs face to face with leading industry experts. Held in a different Arab city every edition, and this year, it will be held in Al-Madinah Al-Munawara, Kingdom of Saudi Arabia. These BootCamps gather over a 100 entrepreneurs and have so far offered top-tier training for a total of 2,400 entrepreneurs.
Cost
- MIT Enterprise Forum Pan Arab & Saudi Arabia will cover the travel expenses for up to 2 members per semi finalist team. The travel expenses covered include flight tickets, accommodation, and transportation from/to the bootcamp venue (if needed).
- MIT Enterprise Forum Pan Arab & Saudi Arabia do not guarantee to help with the Visas.
Eligibility
Startups Track
- Have at least two members
- Working product/service, traction and sales
- Generating revenues
- Have not raised funding above $1,500,000 USD
- Legally registered / operating in an Arab country
- Should be in Tech or Digital industry
Ideas Track
- At least two members
- Proof of concept & prototype
- Validated business model & clear plan to grow
- Has a mentor/industry Expert
- Should be in Tech or Digital industry
Social Entrepreneurship Track
- At least two members
- Working product/service, traction and sales
- Generating revenues
- Have not raised funding above $1,500,000 USD
- Legally registered / operating in an Arab country
- Should be in Tech or Digital industry
- Addressing a social challenge
Application
- Create an account or log in if you already have one
- Select the language in which you wish to apply with
- Select the track
- Fill out the application form
- Submit the application before the deadline
For more information, see FAQ and visit Startup Competition.
