MIT ENTERPRISE FORUM PAN ARAB LAUNCHES THE 13TH EDITION OF THE ARAB STARTUP COMPETITION (ASC)

  • In partnership withCommunity Jameel, the competition invites Arab entrepreneurs and innovators to apply for a chance to win a sum of $160,000 in equity-free prizes
  • ●      MIT Enterprise Forum announces its plan for a new edition of its annual Impact Report
  • Final award ceremony to be held on April 2020

BEIRUT, LEBANON – 10 September 2019: MIT Enterprise Forum (MITEF) Pan Arab kicks-off of the 13th edition of the Arab Startup Competition (ASC), with an online call for applications inviting entrepreneurs from all industries and sectors to apply to the MENA region’s longest-running annual competition designed to support and celebrate innovations emanating from the Arab world. Over the course of 12 years, the competition has awarded over 1.24M dollars in equity-free prizes to winning entrepreneurs and provided them with an avenue to exhibit and apply their ideas.

The competition is held in partnership with Community Jameel, a global philanthropy that operates a wide range of initiatives that promote and contribute towards positive social change and economic sustainability.

Registration for the competition opened on 10 September 2019 on the competition’s official website (www.mitarabcompetition.com). The deadline for applications is 10 December 2019. The organizers will be running a series of roadshows to introduce entrepreneurs to the competition and support them in the application process. Interested candidates can sign up for the upcoming online roadshow by following this link.

MIT Enterprise Forum Arab Startup Competition has evolved into an annual occurrence that is awaited by thousands of young Arab entrepreneurs, who see it as a platform that allows them to showcase, test and develop their creative and innovative ideas. Each year, the competition incorporates three tracks: The Ideas track, the Startups track and the Social Entrepreneurship track, with cumulative cash prizes of $160,000. The teams that qualify for the semi-finals will participate in a preparatory boot camp which includes training sessions, mentorship, coaching, and workshops.

During the final stages of the competition, the judging committee will select 9 final winners (3 for each of the tracks).

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