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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 entries to participate through the annual competition website, the oldest of its kind in the MENA region, specially designed to support Arab innovations.
The competition is organized in partnership with “Community Jameel”, the global charity which 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 the past 14 years the competition has awarded cash prizes worth over $ 1.28 million to winning entrepreneurs and provided them with a platform to showcase and implement their ideas.
Registration started on August 29, on the official competition website, and will continue until December 15, 2020, and the organizers will organize a series of introductory and promotional tours that will introduce the entrepreneurs to the competition and help them in their applications, and those interested will be able to register for the next introductory session to be held on the site for the competition when it is announced.
The MIT Forum Arab Startup Competition has turned into an annual event awaited by thousands of young entrepreneurs across the Arab world, who see it as a platform for them to present, test and develop their creative ideas. according to three components: the ideas path, the startups path and the social entrepreneurship path.
The competition awards cash prizes totaling $ 160,000 as teams that qualify for the semi-finals participate in a series of preparatory activities including training courses, mentoring sessions and workshops. During 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, said: “We are pleased to host the 14th edition of the MIT Forum competition as an integrated digital program specially designed to attract innovators from around the world. This year, we invite entrepreneurs who have built their businesses to grow their companies to progress and benefit from Training and opportunities, as we are one of the organizations that support the ecosystem of entrepreneurship.
She added: “ We are confident that the partnership with Community Jameel and Zain Group will help us raise awareness of the need for sustainable innovation and entrepreneurship in the areas of environment, society and ESG governance. , Knowing that the Arab region has all the ingredients and capacities for growth, and today is the time when we seize the opportunity to rise up and face the next challenges.
Malik Hammoud, CEO of Digital Investment and Services at Zain Group, said: “We have supported 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 nurture opportunities that enhance the power of innovation and help provide entrepreneurs able to Create a Better Place.
Hammoud added: “Further, supporting such events which 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 markets. Africans. “
“We are continuing our efforts to support the entrepreneurial environment in the Arab world, and we are looking 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 held under exceptional circumstances imposed by the global health crisis, will be similar to previous sessions which provided a significant gain for all participants, and we therefore invite every entrepreneur in the Arab world to discover their capabilities through these The platform to help them bring added value to Arab societies.
It should be noted that the 14th edition of the MIT Forum Arab Startup Competition will end with a (virtual) conference and awards ceremony to be held in March 2021, where the winners will be announced at an official ceremony. Awards.
For more information on the registration process for this year’s MIT Forum Arabic Startup Competition, in addition to the eligibility and judging criteria, you can visit the following website:
https://www.mitarabcompetition.com/ar/site/index
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