150 likes | 685 Views
5 th MIT Enterprise Forum Arab Business Plan Competition Name of the Presenter Name of the University Date of the Presentation. MIT Enterprise Forum of the Pan Arab Region.
E N D
5th MIT Enterprise Forum Arab Business Plan Competition Name of the Presenter Name of the University Date of the Presentation
MIT Enterprise Forum of the Pan Arab Region • One of the 11 international chapters of the MIT Enterprise Forum Global with a prime objective to promote entrepreneurship in the Arab world • Main activity is to run the MITEF Arab Business Plan Competition • Currently running the 5th annual competition with record number of applications received last year: 3,800
Conditions to Apply? • Eligibility Criteria: • Team composition:3 members or more with at least two Arab nationals on the team • The idea to be implemented in the Arab region • The idea could be in any sector: ICT; agriculture; healthcare; education etc…
What it Takes to be a Winner? • The idea should match: • Innovation • Creativity; improvement of existing solutions; not necessarily technology • Scalability • Easily replicated regionally and globally as the company expands • Impact • Adds a certain positive impact to the community
2011 Winner • Egyptian based start-up that provides a core technology that enables its users to get connected with each other while simultaneously performing the same activity on the internet • “We are very lucky to participate in the Competition and to learn from the professionalism of the organizers, the wisdom of the jurors, and the talent of the other teams that were competing with us.”- Sherif Mostafa, Founder
2010 Winner • A Lebanese after school edutainment center, exposing children to the world of science, engineering, technology, and innovation • “This is the best place to go and apply to, even if you don’t win; this is because you practice and you gain experience. It is professional and protects the privacy of your business plan.”- Rana Shmaitelly, Founder
2009 Winner • Hayati Healthcare is based in the UAE and is the first patient financing company • “We were amazed by the brain power that was in the Competition.”- Michael Matly, Co-Founder
2007 Winner • Lebanese based start-up, specialized in developing educational CDs that provide students real time lab experiments through visual simulations • “We met some important people and got a lot of information about establishing a company and how we can differentiate ourselves. It helped improve our strategy.”- Elie Chaaya, Co-Founder
Structure of the Competition Round 1 • Filling an online form at www.mitarabcompetiton.comconsisting of 18 questions • Deadline for submissions January 10, 2012 Round 2 • Selection of top 30 applications • 30 teams fly in to Cairo for the entrepreneurship workshop
Structure of the Competition • Selection of the best 12 business plans • 12 teams fly to Beirut to run oral presentations in front of a final jury • Announcement of 3 winning teams: • - $50,000for the winner • - $10,000 for the 1st runner-up • - $5,000 for the 2nd runner-up • Other Benefits: Follow-up program w/ Aramex, help explore further funding opportunities, visibility at MITEF events, etc… Round 3
Key Dates • September 29th: Launch Event in Abu Dhabi • January 10, 2012: Deadline for submitting online applications • February 14th: Announcement of 30 semi-finalist teams • March 16th and 17th: Entrepreneurship workshop in Cairo • June 21st: Final Awards Ceremony in Beirut Key Dates
Why Apply? • So why apply? • To get started • To get trained by top people from the region • To make contacts and broaden your network • At the end of the 3 rounds of the competition, you end up having everything in your hands to launch your business • Many did it before; Are you next?
Apply Now APPLY NOW www.mitarabcompetiton.com To win $50,000 and get your business started Thank You! FB: facebook.com/MITEnterpriseForumPanArabRegion Twitter: @MITEFarab You-Tube: MIT Arab Competition E-mail: firstname.lastname@example.org