MIT 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.