
Arab Startup Competition
DEADLINE:15 December 2020MIT Enterprise Forum Arab Startup Competition (ASC) is a yearly competition initiated by the MIT Enterprise Forum Pan Arab since 2006. This annual competition is designed to empower entrepreneurs in the tech or digital industry and foster an eco-system of innovation and entrepreneurship in the Arab Region.
Criteria
ASC pits entrepreneurs in three different tracks
Startups track
- At least two members
- Working product/service, traction and sales
- Generating revenues
- Have not raised funding above 1,500,000 USD
- Legally registered / operating in an Arab country
- Should be in Tech or Digital industry
Ideas track
- At least two members
- Proof of concept & prototype
- Validated business model & clear plan to grow
- Has a mentor/industry Expert
- Should be in Tech or Digital industry
Social entrepreneurship track
- At least two members
- Working product/service, traction and sales
- Generating revenues
- Have not raised funding above 1,500,000 USD
- Legally registered / operating in an Arab country
- Should be in Tech or Digital industry
- Addressing a social challenge
Benefits
The winning teams are awarded prize money in equity free fund and benefit from a range of other activities including top tier training, mentorship, coaching, media exposure and great networking opportunities.