The MIT Entrepreneurship Forum in the Arab World launched the 14th digital edition of the MIT Forum Arab Startup Competition by inviting Arab entrepreneurs from all sectors to submit applications to participate via the website of the annual competition, the oldest of its kind in the MENA region, specifically designed to support Arab innovations.
The competition is organized in partnership with “Community Jameel”, the global charitable organization that runs several initiatives aimed at creating positive change in society and achieving economic sustainability, and in cooperation with the MIT Entrepreneurship Forum with “Zain Group”, the leading company in the fields of digital innovation in the Middle East and Africa, as a partner My digital strategy, and for 14 years, the competition has awarded cash prizes worth more than $ 1.28 million to winning entrepreneurs and provided them with a platform to present and implement their ideas.
Registration opened on August 29, on the official website of the competition, and will continue until December 15, 2020, and the organizers will run a series of introductory and promotional tours that introduce entrepreneurs to the competition and help them with their requests, and those interested can register for the next introductory series that will take place on the site. Mail the contest when it is announced.
The MIT Forum Arab Startup Competition has turned into an annual event awaited by thousands of young entrepreneurs in the Arab world, who consider it a platform that allows them to present, test and develop their creative ideas. Each year, the competition takes place in three tracks: the ideas track, the startup track, and the social entrepreneurship track.
The competition awards cash prizes totaling $ 160,000, as the teams that qualified for the semi-finals participate in a series of preparatory activities that include training courses, mentoring sessions and workshops. In the final stages of the competition, the jury will select 9 final winners (3 teams). For each track).
Maya Rahal, Executive Director of the MIT Entrepreneurship Forum in the Arab World commented, “We are pleased to organize the 14th edition of the MIT Forum competition as an integrated digital program, specifically designed to attract innovators from around the world. Training and opportunities available, as we are one of the organizations that support the entrepreneurship environment. ”
She added, “We are convinced that the partnership with Community Jameel and Zain Group will help us raise awareness about the need for sustainable innovation and entrepreneurship in the fields of environment, society, and ESG governance. The MIT Forum Arab Startup Competition has left a significant impact on local economies, which we are discovering more in each.” One day, knowing that the Arab region has all the ingredients and capabilities for growth, and today is the time when we seize the opportunity to rise and face the next challenges. ”
Malik Hammoud, CEO of Investment and Digital Services at Zain Group, said, “We have been supporting this competition since 2015 because we believe that today’s innovators are the owners of the ideas of change in the future, and through this partnership we look to encourage opportunities that enhance the power of innovation and contribute to providing entrepreneurs capable of Making a better place. ”
Hammoud added, “Moreover, supporting such events that attract ideas and digital innovations is in line with the hopes and aspirations of Zain Group to become the digital lifestyle operator in the Middle East and African markets.”
Fadi Muhammad Jamil, Head of Community Jameel Initiatives International, commented, “We continue our efforts to support the entrepreneurship environment in the Arab world, and we seek to provide more assistance to entrepreneurs in the region to overcome the current circumstances together.”
He explained, “We believe that the 14th edition of the MIT Forum Arab Startup Competition, which will be held in exceptional circumstances imposed by the global health crisis, will be similar to previous sessions that provided an important gain for all participants, and therefore we invite every entrepreneur in the Arab world to discover his capabilities through this.” The platform to help it provide added value to Arab societies.
It is worth noting that the 14th edition of the MIT Forum Arab Startup Competition will culminate in a (virtual) conference and award ceremony that will be held in March 2021, where the winners will be announced in an official award ceremony.
For more information about the registration process for this year’s MIT Forum Arab Startup Competition, in addition to the eligibility and judging criteria, please visit the following website: click here
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