MIT Enterprise Forum (MITEF) Pan Arab and MITEF Saudi Arabia have announced the launch of the MITEF Startup Competition 2021-2022. The competition aims to enable entrepreneurs and promote an ecosystem of innovation and entrepreneurship in Saudi Arabia and the Arab world, with a special focus this year on Madinah.
By WESAM OSAMA
The MITEF startup competition will provide the opportunity for the participants from Arab Startup Competition and Saudi Startup Competition to compete under a single competition. Organized and supported by Bab Rizq Jameel and Community Jameel Saudi and under the patronage of the governorate of Madinah.
This year’s edition pits entrepreneurs in three different tracks: Ideas, Startups and Social Entrepreneurship. It launches with the slogan “Empowering Today. Transforming Tomorrow.” And takes participants through a seven-month journey, filled with exciting activities like top-tier training, mentorship, media exposure, and networking opportunities. In addition, the winning teams benefit from equity free-fund cash prizes.
The MITEF Startup Competition 2021-2022 will conclude with a final conference and awards ceremony. It will take place during the Start Smart Conference on March 2022 in Madinah.
Who can apply?
Entrepreneurs and innovators from Saudi Arabia and the Arab world are welcome to apply. The competition is also open for all ages and industries. The organizers will conduct several roadshows and informative sessions throughout several Arab countries and Saudi Arabia. Not only that, they will introduce the competition’s criteria and application process to help candidates perfect their applications.
Mohammed Sanad Al-Yousif, CEO of the Economic Development Center in the Madinah governorate, said: “Community Jameel Saudi’s MITEF Startup Competition contributes to the enhancement of the entrepreneurial ecosystem, the success of the region’s startups, and the support given to ideas and investment projects. This is the role that serves the expansion and support of innovation and entrepreneurship.”
He added: “We are pleased to host the forum in Madinah as a global destination for launching businesses and attracting qualitative investments to achieve sustainable development.”
Apply here before the 6th of December.