Month: June 2010

Music Video Service Vevo Plans To Launch In The Middle East

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VEVOVevo, the music video service, that was founded by Sony Music Entertainment and Universal Music Group, in partnership with the Abu Dhabi Media Company (ADMC), has plans to launch the service in the Middle East in the first quarter of 2011, according to The National.

Vevo was launched in the US in December 2009, and now ranks fourth in terms of the number of viewers watching videos, behind Google, Yahoo! and Fox Interactive Media, attracting 43.6 million viewers in April, according to comScore.

The version to be launched in the region, which is provisionally being called Vevo Arabia, will most probably have broader content than the US version, including Arabic, Bollywood, Filipino and Chinese music to appeal to the different tastes of consumers in the region.

Vevo is estimated to have 85% of all music videos on its platform, largely because of its position as a Web platform for music giants Sony, Universal and EMI, who provide the website with licensed videos of their artists.

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GoNabit, An Online Group-Buying Platform For The Region

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GoNabitGoNabit is a new online group-buying platform, that was recently launched for the region from Dubai, and that helps people come together to save and discover locally with some really interesting deals.

Each day GoNabit features one huge deal per city; People sign-up online to receive the deals, and if they wish to participate in the deal they do so using their credit card. Once the minimum number of buyers is reached the deal tips, the credit card gets charged, and GoNabit sends the buyer their voucher. Buyers then print their voucher and redeem it with the local merchant.

Each deal is only available for a limited time, and if the minimum number of buys is not reached before the deal closes, no one is charged, but no one gets the deal either.

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Loomni, A Knowledge Sharing & Educational Platform

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LoomniLoomni is a new service that’s being launched today for the region that promises to reshape and transform continuing education, making it more accessible and affordable to everyone.

The problem Loomni is trying to solve is that of education outside of public schools and universities being out of reach for most people as it takes the form of limited, relatively long and expensive courses offered up by training institutions.

The idea of the startup is to fill the existing gap and provide learning opportunities for people who can’t afford expensive courses, nor have the time to spend locked up for long hours in a training venue somewhere. It aims to do this by providing focused practical courses delivered in 90 minutes, at a fraction of the price available in the market.

To be able to provide these lower prices, Loomni goes after another profile of instructors, mainly experts on certain fields who can share their knowledge and experience, educating people about their areas of expertise, but also helping market themselves and their services along the way.

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Global Entrepreneurship Forum – Lebanon – June 23rd 2010

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Following TechWadi‘s entrepreneurship conferences in Silicon Valley in March and Washington DC in April, they’re organizing their first Global Entrepreneurship Forum in Beirut, Lebanon, on June 23 2010 at the AUB Olayan School of Business.

The goal of the conference is to build the necessary bridges between business leaders in the US and the MENA region, acting as a platform for cross-border partnerships to accelerate the development of entrepreneurship and innovation.

The Forum will bring together regional investors, executives, entrepreneurs and policymakers who all have interest in creating a vibrant entrepreneurial ecosystem in the Arab world, as well as a delegation led by the US State Department including prominent investors and entrepreneurs seeking to expand cross-border ties with the MENA region.

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AppsArabia, An Arabic Mobile Applications Development Fund

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appsarabiaAbu Dhabi’s twofour54 has recently announced it will be launching a new investment fund called ‘AppsArabia‘, which promotes and supports mobile app development throughout the Middle East and North Africa using the Software Development Kits (SDKs) of all the major mobile and online platforms (e.g. Android (Google), iPhone OS (Apple), BlackBerry, Facebook, OpenSocial and Ovi (Nokia)).

The fund will be offered by twofour54 ibtikar, which provides funding and support to start-up and early stage Arabic content initiatives.

AppsArabia is led by David Ashford, and the plan for it is to invest in the best ideas for apps from entrepreneurs, app developers and businesses, and provide commercial guidance, resources and marketing support to make these apps successful.

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Loomn.it, A New Quick Online Sharing Service

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loomnitLoomn.it (pronounced Loomnit) is a new easy to use, online sharing service that will be launching today and aims to provide users with a simple way to share anything with anyone; whether it be links, email addresses, images, videos, documents or any other digital content.

Through a very simplistic interface, users will be able to input the link for what they need to share or upload it directly to the cloud and then start sharing it with their friends on Facebook, twitter, google buzz or anywhere else on the web.

Users do not need to register for an account on the site to be able to use it, and don’t have any usage limits or quotas they have to keep within. They can start sharing right away and have their shared items live for 14 days to pass among their friends.

Once a person opens up a loomn.it link (e.g. http://loomn.it/c8); the shared page, text, image or file is displayed in a framed page with the top loomn.it frame providing stats on how many times the shared item was viewed, as well as options to share the item with others.

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Winners Of The MIT Arab Business Plan Competition 09-10

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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.

The current version of the competition was officially launched on October 12th 2009 in Riyadh, Saudi Arabia. The competition went through a number of rounds, including different teams covering the following sectors: Energy, Engineering, Healthcare, Internet, Software and Telecom.

The final round just took place at a ceremony in Cairo, Egypt, and the awards for this year were handed out. The winners of this edition of the MIT Arab Business Plan Competition are as follows:

First place: The Little Engineer (Lebanon) – Prize: $US 50,000
An after-school edutainment center which introduces kids and teens [age 4-16+] to pre-engineering courses such as robotics, physics, electricity, electronics, renewable energy and more.
Team: Rana El Chemaitelly, Albert Shamieh, Nadia Alamah, Marwa Harb.

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