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Amman
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 charity that manages various initiatives aimed at creating positive change in society and achieving economic sustainability, and in collaboration with the MIT Entrepreneurship Forum with “Zain Group”, a company leader in the fields of digital innovation in the Middle East and Africa, as a partner. My digital strategy and for 14 years the contest has awarded cash prizes worth over $ 1.28 million to winning entrepreneurs and has provided them with 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 session which will take place on the For Contest website 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 see it as a platform that allows them to present, test and develop their creative ideas. Each year, the competition takes place in three tracks: the path of ideas, the path of startups and the path of social entrepreneurship.
The competition awards cash prizes totaling $ 160,000, as teams that qualify for the semi-finals participate in a range of preparatory activities that include training courses, mentoring sessions and workshops. In the final stages of the competition, the jury will select the 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 had a major impact. on local economies, which we discover more every day., Knowing that the Arab region has all the ingredients and capabilities for growth, and today is the time we take 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 for change in the future, and through this partnership we seek to encourage opportunities that increase the power of innovation and help provide Create a better place. “
Hammoud added: “Furthermore, 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 the Middle East and African markets.”
“We continue our efforts to support the business environment in the Arab world and seek to provide more assistance to entrepreneurs in the region to overcome the current circumstances,” said Fadi Muhammad Jamil, head of Community Jameel Initiatives, International.
He explained: “We believe that the 14th edition of the MIT Forum Arab Startup Competition, which will be organized in exceptional circumstances imposed by the global health crisis, will be similar to previous sessions which have provided major gain for all attendees, and therefore we invite every entrepreneur to join Arab world to discover its capabilities through these 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 awards ceremony to be held in March 2021, where the winners will be announced at an official awards ceremony.
For more information on the registration process for this year’s MIT Forum Arab Startup Competition, as well as the eligibility and evaluation criteria, you can visit the following website:
https://www.mitarabcompetition.com/ar/site/index
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