Month: June 2009

MENA 100 Business Plan Competition: A Call For Arab Innovative Entrepreneurs

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MENA 100The MENA 100 Business Plan Competition, which is organized by the MENA-OECD Enterprise Financing Network, in cooperation with the Islamic Development Bank and the MENA Center for Investment, has just been launched.

The primary objective of the MENA 100 business plan competition is to encourage existing and inspire potential entrepreneurs and connect the 100 best of them in the Middle East and North Africa region with potential sources of finance to generate business transactions.

The MENA 100 Competition addresses innovative entrepreneurs, from the 18 Arab countries participating in the MENA OECD Investment Program (Algeria, Bahrain, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, the United Arab Emirates and Yemen).

What entrepreneurs can expect from the competition:

  • Connect with counterparts from around the region and worldwide to conceive new ideas, enter new markets and find new resources.
  • Exposure for the winners through the awards ceremony and the media.
  • Connection to a network of professionals providing technical support and offering financial and in-kind support to candidates.

Applications will be accepted until August 31st. It is possible to apply online in French and English through the website: www.mena100.org

The 100 finalists will have the opportunity to present their projects at an event in Manama (Bahrain).
There will be one winner per country and a selection of three regional winners.

The top performers will be awarded with cash and in-kind services, representing professional services donated by sponsors of the competition, as well as MENA business angels (BA) – venture capital funds (VC) for all participants.
Winners will also be invited to participate in the MENA-OECD Business Day.

[Via: Mohd Khawaja]

Folowen Releases Public Beta With New Features

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folowenFolowen, the social media search tool that aggregates social profiles of people and organization’s on several social media sites into one search result, and that was previously covered here, has just gone into public beta.

The tool makes it easier for users to follow a person or organization’s social web; be it a Facebook profile, page, group, a Twitter account, a LinkedIn profile, a YouTube channel …etc.

Currently, folowen uses Google AJAX Search API to find user profiles in 20 social media sites.

A number of new features have been introduced with this public beta, based on the feedback received from the private beta users, among them are:

– Search is now open without sign up.

– Search results will list up to 4 links for each service for you to browse through to find the account you want to follow.

– Direct Follow: It is now possible for you to directly follow the person/organization you searched for directly from the search results page. This feature is currently enabled for only four services (Twitter, YouTube, FriendFeed and Facebook) that you need to connect folowen to from your Settings/Direct Follow page.

folowen

TeleGeography: Middle East Sees Growth In Broadband Numbers

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The Middle East has witnessed a growth in wireless and broadband subscribers despite the global market showing a decline in 2009, a new research has found.

According to TeleGeography, a telecommunications research, analysis and consulting company, wireless subscribers in the Middle East at the end of Q1 2009 were at 232 million, which is a three per cent growth from Q4 2008 and a 22 per cent growth from Q1 of that year.

Globally, wireless subscriber additions in Q1 2009 declined slightly, as 153 million net new subscribers were added, 10 million fewer than in Q4 2008.

About 49 per cent of Q1 wireless subscriber growth came from India and China; growth slowed in many other markets, with Western and Eastern Europe being particularly slow. Countries such as France, Germany, Italy, Poland, Ukraine and the United Kingdom were all essentially flat or even in slight decline

John Dinsdale from TeleGeography Research, said: “Broadband subscribers at the end of Q1 2009 in the Middle East were at 12 million – a four per cent growth from Q4 2008 and a 25 per cent growth from Q1 2008. Globally, broadband subscriptions during the quarter were at 14 million, in line with Q4 2008 additions. China accounted for 30 per cent of global growth, while the United States was the only other country to add more than one million subscribers in the quarter.”

However, the Middle East did have to catch up in the telecom service provider segment, Dinsdale said. “Of the world’s top 20 telecom service providers, none are headquartered in the Middle East, and Saudi Telecom (STC) was the only one closest to joining the list.”

[Source: Zawya]

Ayna Adds Satellite Imagery To Mobile Version Of Ayna Maps

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Ayna Giza Satellite Image

As promised when they first launched the mobile version of their mapping service, Ayna.com has gone on and launched a satellite imagery feature for this mobile version, allowing users to see a high-resolution aerial snapshot of the location they are looking for.

Users of the service can now enter any address in the Middle East on Ayna maps, and click on the “Satellite” link to locate and zoom into the wanted area till having the closest image.

The satellite imagery service on the mobile is empowered by DigitalGlobe technology and updated for 2008, allowing users to view the entire world and zoom into 26 Middle East and North African cities, with streets, malls, points of interest, geographic information, buildings and more, directly from their mobile phones.

The satellite map has the same features existing on the normal map: finding points of interest, getting directions, saving favorites, sharing with friends …etc.

The satellite imagery feature should also be available on the web version of Ayna maps soon.

# Ayna Mobile Maps

MasterCard Survey: Online Shopping In UAE Peaks In Fourth Quarter Of 2008

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United Arab EmiratesPer capita online shopping in the UAE reached $1,193 (Dh4,378) in the fourth quarter of 2008, making it the highest in the Asia/Pacific, Middle East and Africa region, according to the latest MasterCard survey.

Online shoppers made an average of 3.6 purchases in the fourth quarter of 2008, compared with 3.1 during the same quarter in 2007.

Shoppers in the UAE conducted 26% of their overall shopping online, and 59% of them splashed out on airline tickets – the number one purchase according to the report.

Around 37% of people surveyed bought home appliances and electronic products and 30% paid for hotel accommodation online.

Surprisingly, not only have UAE consumers shopped more frequently despite the economic situation, they’ve also showed an increased intention for future online shopping compared to a year ago, with 60% of respondents expressing that were “likely” or “very likely” to shop online.

[Source: Gulf News]

Int@j Introduces 20 Jordanian ICT Companies to Intel Capital

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int@j

Intel

Int@j, the Information Technology Association of Jordan, recently conducted an event with Intel Capital, the venture capital investment arm of Intel Corporation, including more than 20 companies from the ICT community in Jordan.

The event focused on introducing the Jordanian ICT sector to Intel Capital and sharing various business aspects and relations among the various ICT sector companies and Intel.

Since its establishment as an ICT industry-support association in 2000, Int@j has been exerting a lot of efforts aiming at advancing the Jordanian ICT sector. Int@j has been looking for various partnerships with different institutions on the local, regional and international levels aiming at creating better ICT industry in Jordan, increasing the awareness of ICT services and products and stressing on the benefits of integrating ICT in other sectors.

The meeting included one-to-one presentations by member companies of int@j where they presented their plans, products, services and solutions to Intel Capital focusing on local capabilities, companies’ talented resources and value added services blended together towards positioning Jordan as the regional ICT leader and point of access.

Intel Capital has been quite active in the region lately, as part of its ongoing push to support local entrepreneurship in the Middle East and fund companies in the internet and technology sectors through its $50 million Intel Capital Middle East and Turkey Fund, which is aimed at assisting the companies in pursuing regional growth and development plans in addition to extending their product offerings.

Feroz Sanaulla, Intel Capital’s Director of Middle East, Turkey, and Africa said “’Intel Capital has a history of pioneering successful technology investments in developing markets to foster growth and innovation. We believe Jordanian ICT companies are well positioned in the region and we are keen on helping them drive technology adoption locally and identify new business opportunities globally.”

Silatech And Cisco To Build Invitational Technology Platform

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SilatechSilatech recently announced that it will be working with Cisco, which is one of its founding members and its global strategic technology provider, on the development of an ‘Invitational Technology Platform’, which will deliver Silatech services and solutions to the youth across the Middle East and North Africa.

Silatech is an initiative, that was launched by Her Highness Sheikha Mozah Bint Nasser Al Missned of Qatar, engaging the private, public and civil society sectors to promote large-scale job creation, entrepreneurship, and access to capital for young people.

Both Silatech and Cisco will contribute to the development of the Invitational Technology Platform, and Silatech will also be inviting a selection of local, regional and international technology organizations to participate according to their expertise. Local and regional universities and young developers from the Middle East and North Africa will also be involved in this regional effort.

Silatech’s Invitational Technology Platform will offer young people, entrepreneurs and enterprises throughout the MENA region access to:

  • Business development services and skills training for entrepreneurs leading existing small and medium size enterprises (SMEs);
  • Financial services to entrepreneurs and SMEs;
  • Skills development services to young people in various industries;
  • Access to markets and supply chains for SMEs;
  • Job placement and services across the MENA region.
Cisco’s newly opened office at the Qatar Science and Technology Park (QSTP) will be used as a base for the development effort. 

Other efforts by Silatech and Cisco to create jobs and enhance youth skills in the information and communication technology (ICT) sector through industry programs include the Cisco Networking Academy.

Winners Of The MIT Arab Business Plan Competition 08-09

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MIT Arab Business Plan CompetitionThe 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.

The current version of the competition officially started on November 10th 2008, by opening up registrations. A few hours ago, the final round took place in Dubai, where the 10 finalists did oral presentations of their business plans to the jury panel, and the awards were handed out.

The winners of this edition of the MIT Arab Business Plan Competition are as follows:

First place: A tie between Syphir (Husain Al-Mohssen, Courtland Allen, Ghassan Fayad, Faisal Alibrahim [Saudi Arabia]) and HAYATI Healthcare LLC (Michael Matly, Tariq El-Titi, David Matly [United Arab Emirates])

Second place: Rice Straw Fertilizer Company (Ibrahim Khater Youssef, Ahmed El Dorghamy, Mohamed Abdel Raouf [Egypt])

Third place: Blog Souq (Ahmad Takatkah, Adey Salamin, Ammar Ibrahim [Jordan])

According to the terms of the competition, the winner of the competition should receive prize money of USD 50,000; which in the case of a tie will most probably be split in two. The members of the winning teams 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.

DemoCamp Cairo – June 14th 2009 – The Agenda

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DemoCamp MEAs previously announced, the first DemoCamp Cairo will be taking place at the Cairo International Convention & Exhibition Center (Mycerinos Auditorium) on June 14th 2009 at 6PM.

The following six demos will be taking place at the event:

  • Exorcist: A puzzle game for the iPhone and iPod Touch by Vimov.
  • TVOSZ: An Egyptian video sharing service that was previously reviewed here.
  • Smatx: An online resource for IT people to find and share news and information.
  • Baralbait: A location based social networking service that enables people to check-in and pinpoint their locations to get to see nearby friends and places to go.
  • RFIDINREGION: A new site that is dedicated to RFID related technologies and news.
  • Carlog: A portal to buy and sell cars online.

The format will be the same as the previous events, with the presenters giving 10 minute presentations of their work, with 5 minutes for Q&A.

The presenters will also be available to answer any further questions, receive feedback and share some thoughts after the event.

Attendance is free, and everyone is welcome to join in. Attendees will also be getting free gift coupons from Logta.

Startups and web applications presented at DemoCamp Cairo, and that haven’t already been covered, will be reviewed here on StartUpArabia over the upcoming days.

ATH Moves To Invest In Mobile Technology In The Arab World

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Accelerator Technology HoldingsAccelerator Technology Holdings (ATH) has announced that it is working on establishing a company to fund investment in mobile technology in the Arab region.

ATH is a holding company that acts through a group of companies established in Jordan and Bahrain to identify, invest in and help build best of breed ventures in the ICT value chain in the Arab world, and that has already funded a number of Arab startups through its IV Holdings venture capital arm.

They’re currently working on raising an initial US$10 million in funds, after which they will move on to hiring a management team to launch and run this new company.

They are particularly looking at areas like security and authentication, based on their expectations that financial transactions over mobile platforms will become very widespread in the region in the future, especially with several of the region’s big mobile network operators launching mobile payment initiatives recently.

This new company will operate as a cross between venture capitalist and commercial investor, building ties and working with foreign companies to bring new mobile technologies to the region. They’ve already started talking to businesses in the UK, Switzerland and Norway about bringing their mobile products to the Arab world.

# Source: The National