MIT Arab Business Plan Competition 2008
The MIT Arab Business Plan Competition is a competition designed to encourage all entrepreneurs in the Arab world to start their own company and, ultimately, create a nest of leading firms in the Arab world. It also brings to the Arab world all the MIT expertise in entrepreneurship and in running such competitions.
The equivalent of the MIT Arab Business Plan Competition in Boston is called the MIT 100K Entrepreneurship Competition and has created a number of leading firms and thousands of jobs.
Teams interested in joining the competition must register through the competition’s website. Registrations opened on November 10th, 2008. Users are required to fill the online application form consisting of 16 questions that summarize their business idea and the means of implementing it.
The deadline for submitting the applications is Thursday, January 8, 2009 at 23:59, Beirut time.
The competition is open to all Arab nationals with a business idea, with the only requirement being to be part of a team, with each team comprising of minimum 3 individuals, of which at least 2 should be citizens of the Arab world. The business concept put forward by the team should also be implemented in a country within the Arab world.
The winner of the competition will receive prize money of USD 50,000. The check will be issued in the name of the company. The members of the winning team will also be given the opportunity to attend the MIT Global Startup Workshop (GSW).
The first and second runner-ups will receive a check of USD 10,000 and USD 5000 respectively.
Besides the financial reward, the winning teams will be provided with coaching/mentoring from the members and network of the MIT Enterprise Forum who will also help the winners get their businesses up and explore further funding opportunities by introducing them to business development centers, financing institutions, and similar organizations.
All entrepreneurs interested can go to the competition’s website and Apply Now.
# MIT Arab Business Plan Competition
» Tags: Awards, business plan, competition, MIT, MIT Arab Business Plan Competition
2 Responses to “MIT Arab Business Plan Competition 2008”
Slim Amamou on Nov 24, 2008 | Reply
hey, there is somebody supposedly called “Yamout Salam” (literally : kill peace) on the organizers board. Is this supposed to be funny? or is it an agenda?
http://snurl.com/6prqy
hey, guys don’t fsck with symbols and arabs. they’re pretty touchy on the issue.
Amad Almsaodiِ on Nov 25, 2008 | Reply
Great news!
This is another step in the right direction. All entrepreneurs should use these valuable opportunities. I encourage all to apply, never think that your idea is not good enough, give it a shot.
Regarding Salam Yamout, he is a Lebanese professional, that’s his real name Slim.
Amad