More than 400 investors, entrepreneurs, media representatives and renowned public figures gathered in Muscat, Oman, for the 11th annual awards ceremony of the Arab Startup Competition held by the MIT Enterprise Forum (MITEF) Pan-Arab Region.
The awards, which took place in April, are organized in partnership with Community Jameel among others. They are designed to support entrepreneurs in the Middle East.
Ten winners across three categories – Ideas, Social Entrepreneurship, and Startups – were revealed at the ceremony, which also featured on-stage panel discussions entitled ‘Building Emerging Ecosystems’ and ‘What Silicon Valley Investors Want to See in MENA’.
The main winners included Quirkpod, an Egyptian online life-coaching platform to help young people develop valuable skills; Al Khuadairi, an Egyptian organization that converts waste and soil-damaging chemical fertilizers into energy; and ProvenMed International, a Tunisian firm working on lifestyle solutions for patients suffering from incontinence.
Hala Fadel, Chair of the Board of MITEF Pan Arab, said: “Investing in Arab entrepreneurship will… contribute to the revitalization of the economy, and lead to the creation of new partnerships that can eventually transform into large institutions.”
|Community Jameel, a social enterprise organization that promotes a positive society and economic sustainability, has been a partner of the competition since its inception 12 years ago.
Fady Mohammed Jameel, President of Community Jameel International, said: “We are honored to serve entrepreneurs across the region and have been delighted that our efforts have been so well received.”
The major success of the MITEF Pan Arab competition has been our record of translating ideas into successful businesses, and innovative concepts into stories of success.
Since launching in 2006, we have provided financial support totalling almost $970,000 to over 430 technology and knowledge-based start-ups. More than 2,300 young and ambitious entrepreneurs have received high-level training by regional and world experts creating at least 2,600 new job opportunities.”