Startups Track

For Legally Registered Companies

Eligibility Criteria

  • Each team should have at least two members
  • The team should have a working prototype and ideally some user traction and some sales
  • The startup should not have generated more than $500K in annual revenues and must have been operational for less than 5 years
  • The startup should be legally registered in an Arab country
  • The startup can be in ANY industry

Selection of Semifinalists

Round 1 judging process
  • In Round 1, applications are accepted in English, French, and Arabic
  • In Round 1, each application is graded by at least 2 different judges. Judges place more importance on certain criteria, depending on the track you are applying for (Judging criteria below)
  • In Round 1: 20 semifinalists teams are selected for second round of the Startups track. These teams will have scored the highest average score on their application forms
  • MITEF Pan Arab reserves the right to modify the number of selected teams
  • To be eligible for Round 2, the semifinalists teams must submit certain deliverables that will be communicated with them in due time. The semifinalists teams must also sign the “intent of incorporation” form. All members whose names are mentioned as part of the team must sign the form.
  • Semifinalists Teams are expected to work on and submit specific deliverables prior to the workshop and conference. Qualified teams are not required to pay a participation fee for any of the workshop or conference. Each of the participants is expected to pay for their own flight ticket. The MIT Enterprise Forum Pan Arab will be paying all other expenses for up to two members per team, including accommodation, lunch and coffee breaks, ground transportation to and from the event venue. Other members attending the event can benefit from our special rates

Round 2 judging process
  • In Round 2, the selected semi-finalist teams are required to attend a pre-boot camp, the final award ceremony and conference. The pre-boot camp training is led in English. At least one of the team members who will be attending the workshop must be fluent in English
  • The semi-finalist teams are required to pitch in front of a Round 2 jury panel during the 2 day final event where they will have 3 minutes to present/pitch, followed by 7 minutes of Q&A
  • The oral presentations of the final round should be delivered in English.
  • After the oral presentations of the second round, the jury will deliberate and select 10 finalist teams that qualify to the final round of the Startups track

Final Round judging process
  • In Round 3, the finalists teams are required to pitch in front of a Final Round Jury panel where they will have 3 minutes to present, followed by 7 minutes of Q&A
  • The oral presentations of the final round should be delivered in English
  • After the oral presentations of the final round, the jury will deliberate and select the three winners of the Startups track

Judging Criteria

  • Team: The team takes up an important part of the total grade. Judges look for experience, value added, and the relevance of each team member to the project
  • Innovation: The idea must be either new, or demonstrates a marked improvement to an existing solution or a business process. Innovation does not necessarily mean technology
  • Financial Sustainability: The startup should clearly demonstrate the ability to be financially sustainable on the long term.
  • Scalability: A startup should not be limited to a local market. At a minimum, a nationwide market should be targeted. Preferably, the business should be easy to replicate regionally or globally as the company expands

Prizes

The three winning teams will receive cash prizes:

  • $50K for first place
  • $10K for second place
  • $5K for third place

Beside the prize money, all qualifying teams would be benefiting from top tier training, coaching, mentorship, and great networking opportunities.

For more info about the Application Form, Selection of the qualifying/winning teams, and the disbursement of prizes, please carefully read the Terms and Conditions.