Tag: MIT Arab Business Plan Competition

Winners Of The MIT Arab Business Plan Competition 09-10

MMM 18 Comments

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.

Read More

Third Edition Of MIT Arab Business Plan Competition Launched

MMM

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. 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.

The Launching Ceremony for the 3rd MIT Arab Business Plan Competition is taking place tonight (October 12th) in Riyadh, Saudi Arabia, at the Four Seasons Hotel. The event will include an address from Mr. Hussein Shobokshi (President, Shobokshi Development & Trading; Managing Director, Okaz Printing and Publishing), in addition to testimonials from last year’s winning teams.

The website is open now for registration by interested candidates. They are required to fill the online application form consisting of a series of questions that summarize their business idea and the means of implementing it.

The deadline for submitting applications is Tuesday, January 12, 2010 at 23:59 GMT.

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.

Thirty teams will qualify for the second round of the competition, and invited to Beirut to attend a one-day workshop lead by Ken Morse, Managing Director of MIT Entrepreneurship Center in Cambridge, MA; and designated a mentor who can help with developing their business plan.

After they submit their full business plans, only 9 make it to the final round and invited to Cairo to give oral presentations of their business plans; with 3 winning teams to be selected and announced during the awards ceremony.

All entrepreneurs interested can go to the competition’s website and Apply Now.

# MIT Arab Business Plan Competition

Winners Of The MIT Arab Business Plan Competition 08-09

MMM 13 Comments

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.

The 10 Finalists Of MIT Arab Business Plan Competition 08-09

MMM

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. Now, after two rounds of selection, the following 10 finalists from around the Arab world have made it to the final round of the competition (in alphabetical order):

  • AqarMap.com: Amad Almsaodi, Mohamed Hareth, Redwan Mohamed (Yemen)
  • Blog Souq: Ahmad Takatkah, Adey Salamin, Ammar Ibrahim (Jordan)
  • Digital Security Innovations: Adel Bouhoula, Seifeddine Aloui, Amine Ben Khalifa, Mohamed Abid (Tunisia)
  • EnglEasy: AbdulAziz Ahmed Al-Sulaima, Ahmed Siddiqui, Ayman Makki Hoho (Saudi Arabia)
  • HAYATI Healthcare LLC: Michael Matly, Tariq El-Titi, David Matly (United Arab Emirates)
  • Rice Straw Fertilizer Company: Ibrahim Khater Youssef, Ahmed El Dorghamy, Mohamed Abdel Raouf (Egypt)
  • Syphir (GFMail): Husain Al-Mohssen, Courtland Allen, Ghassan Fayad, Faisal Alibrahim (Saudi Arabia)
  • Transterra Media: Irina Prentice, Hassan Ibrahim, Eli Andrews, Jonathan Giesen, Raya Mamarbachi (Egypt)
  • Vaxeal Therapeutics: Ahmed Bouzidi, Bernard Maillere, Giampietro Corradin, Wassim Chehadeh, Mohammed Bouziane, Francois Spertini (United Arab Emirates)
  • White Smile Whitening Boutique: Jomana Musmar, Lamis Maddur, Nigah M. Ajaj, Saoussen Besrour (United Arab Emirates)

The final round consists of oral presentations of the finalists’ business plans to the jury panel in Dubai, on June 11th 2009. The awards ceremony will take place the following day in Dubai, on June 12th 2009.

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. 

MIT Arab Business Plan Competition 2008

MMM 4 Comments

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. 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