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Arab Startup Competition
Competition

Arab Startup Competition

DEADLINE: 15 December 2020

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.