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.