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The MIT Entrepreneurship Forum in the Arab World launched the 14th digital edition of the MIT Forum Arab Startup Competition, inviting Arab entrepreneurs from all sectors to submit applications to enter via the website of the annual competition, the oldest of its kind in the region MENA, specifically designed to support Arab innovations.
The competition is organized in collaboration with “Community Jameel”, the global charity that manages various initiatives aimed at creating positive change in society and achieving economic sustainability, in collaboration with the MIT Entrepreneurship Forum with “Zain Group”, a leading company in the digital innovation sectors in the Middle East and Africa. As a strategic digital partner, for 14 years, the competition has awarded cash prizes worth over $ 1.28 million to winning entrepreneurs and a platform to present and implement their ideas.
Entries opened on August 29 on the competition’s official website, and will continue until December 15, 2020, and the organizers will conduct a series of introductory and promotional tours that introduce entrepreneurs to the competition and help them with their inquiries, and interested parties can register for the next introductory series which will take place on the For Contest website when it is announced.
The MIT Forum Arab Startup Competition has turned into an annual appointment awaited by thousands of young entrepreneurs from the Arab world, who consider it a platform that allows them to present, test and develop their creative ideas, and every year the competition takes place on three tracks; Idea Track, Startup Track and Social Entrepreneurship Track.
The contest awards cash prizes totaling $ 160,000, as the semi-finalists participate in a variety of preparatory activities that include training sessions, 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 delighted to organize the 14th edition of the MIT Forum competition as an integrated digital program specifically designed to attract innovators from around the world. This year, we invite entrepreneurs who have built their companies to develop their companies to progress and take advantage of them. Training and opportunities, as we are one of the organizations that support the ecosystem of entrepreneurship. “
He added: “We are convinced that the partnership with Community Jameel and Zain Group will help us raise awareness of 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 discover more in Every day, knowing that the Arab region has all the ingredients and the capabilities to grow, and today is the time when we take the opportunity to get up 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 today’s innovators are the owners of the ideas for change in the future. Create a better place. Hammoud added: “In addition, supporting such events that attract digital ideas and innovations is in line with the hopes and aspirations of the Zain Group to become the digital lifestyle operator in Middle Eastern and African markets.”
Fadi Muhammad Jamil, Head of International Initiatives of the Jameel Community, commented: “We continue our efforts to support the business environment in the Arab world and seek to provide more assistance to entrepreneurs in the region, so that together we will overcome the current circumstances.”
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