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. ASC pits entrepreneurs in three different tracks: Ideas, Startups and Social Entrepreneurship Track. The winning teams are awarded 160K USD in equity free fund and benefit from a range of other activities including top tier trainings, mentorship, coaching, media exposure and great networking opportunities.
Benefits
- Top Tier Trainings
- Mentorship
- Media Exposure
- Networking Opportunities
- USD 1,240,000+ Equity Free Prize Money
Eligibilities
- 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
Application Process
Apply online through the Apply Now link.
Application Deadline: December 10, 2019
Application ClosedOfficial link