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

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.

Share