$160,000 USD in Equity Free Fund | MIT Enterprise Forum Arab Startup Competition 2020

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Deadline: December 10th, 2019
Applications for the MIT Enterprise Forum Arab Startup Competition 2020 are now open. The 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 and foster an eco-system of innovation and entrepreneurship in the Arab Region.
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The 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.

Prizes
The winning teams are awarded $160,000 USD in equity free fund
They also benefit from a range of other activities including top tier trainings, mentorship, coaching, media exposure and great networking opportunities.

Eligibility
  • 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
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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

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
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Application
For more information, visit Arab Startup Competition.