MIT Enterprise Forum Arab Startup Competition 2019-20 (Funds Available)
  • Partially Funded

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
Eligible Regions: Open For All

Application Process

Apply online through the Apply Now link.

Application Deadline: December 10, 2019

Application ClosedOfficial link

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