MIT Enterprise Forum Arab Startup Competition 2019 ($160K USD prize)

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

Click here to apply

For more information, visit MIT Arab Competition.