Terms and Conditions
Terms and Conditions
PLEASE READ THE FOLLOWING RULES CAREFULLY. WHEN YOU ENTER THE COMPETITION, WE WILL ASSUME THAT YOU AGREE WITH THEM.
- The “MIT Enterprise Forum Arab Startup Competition” is run by the MIT Enterprise Forum for the Pan Arab Region (MIT EF Pan Arab).
- By entering the competition, you hereby warrant that all of the information that you submit are accurate and complete in every respect.
- Entering the competition and accessing our website is free of charge.
- Each team is allowed only one entry for the same track.
- To enter the competition, you must apply through our website www.mitarabcompetition.com. You must:
- Log in to your account or create a new one if you don't have one.
- Select the track
- Choose the language you'd like to continue with.
- Select the track you're eligible for.
- Fill out the application form.
- Submit the application before the deadline.
- MIT Enterprise forum does not claim any proprietary rights over the initiatives, technologies, and ideas submitted to the competition. All ideas and technologies are the sole property of the submitters, and it is upon their permission, that the use of the technologies or mobile applications is granted free of charge to the MIT Enterprise Forum Pan Arab.
- If you are selected as a semifinalist, you will be notified of your selection via email. If you fail to respond within 48 hours of being notified, you will automatically forfeit your right to compete in the second round. If you do not provide the required information needed for the next phase of the competition within the specified deadline, you will also forfeit your right to compete in the second round.
- Any changes to the attending team must be communicated with our management team for approval.
- Semifinalist teams must attend the pre-bootcamp, conference & the final award ceremony in person. These events are held each year in a different Arab capital. At least one member per team must attend the workshop.
- Teams are expected to work on and submit specific deliverables prior to the pre-bootcamp and conference.Qualified teams are not required to pay any expense to the pre-bootcamp, however participants are expected to pay for their own flight ticket to the country hosting the final conference. 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.
- The calendar of the competition will be posted on our website, and we reserve the right to change any date at any time.
- Personal information collected about you is used for the purpose of the competition, and will not be distributed to third parties without your consent.
ORGANIZATION OF THE COMPETITION
- The MIT Enterprise Forum Arab Startup Competition is divided into 3 tracks: the ‘Ideas’ track, the ‘Startups’ track and the ‘Social Entrepreneurship’ track. The startups in each track go through 3 rounds of judging:
- In Round One, teams must fill and submit an online application that consists of five sections (for the Ideas and Startups track):
And 6 sections (for the Social Entrepreneurship track):
- General questions
- Financial Sustainability
- All the above
- Social impact
- In Round One, applications are accepted in English, French, and Arabic.
- In Round One, 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:
- 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. (This criteria applies to the Ideas, Startups & Social Entrepreneurship Tracks)
- Innovation: Creativity and improvement of existing solutions and/or business processes with respect to current competitors or comparable products and services. Within this definition, innovation does not necessarily mean technology. (This criteria applies to the Ideas, Startups & Social Entrepreneurship Tracks)
- Financial Sustainability: The enterprise should be financially sustainable on the long term. Donors’ grants and sponsorships are not considered financial sustainable approaches. (This criteria applies to the Ideas, Startups & Social Entrepreneurship Tracks)
- Scalability: A business idea or 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 scale up regionally or globally as the company expands. (This criteria applies to the Ideas, Startups & Social Entrepreneurship Tracks)
- Social Impact (For Social Entrepreneurship Track): The extent to which your project benefits the community.
- In Round One: 20, 30 and 20 teams are respectively selected for the Ideas, Startups, and Social Entrepreneurship tracks. These teams will have scored the highest average score on their application forms. MIT EF Pan Arab reserves the right to modify the number of selected teams.
- To be eligible for Round Two, the semifinalist teams must submit certain deliverables that will be communicated to them in due time. The semifinalist teams must also sign the “Engagement Letter”. All persons whose names are mentioned as part of the team must sign the form.
- In Round Two, the selected semifinalist teams are required to attend a pre-boot camp and the final award ceremony and conference. The training pre-boot camp is led in English. At least one of the team members who will be attending the workshop must be fluent in English.
- The semifinalist teams are required to pitch in front of a Round Two jury during the 2 day final event where they will have 3 minutes to present, followed by 7 minutes of Q&A. After the oral presentations of the second round, the jury will deliberate and select the 10 finalist teams for each of the Ideas, Startups, and Social Entrepreneurship tracks.
- In Round Three, the finalist teams are required to pitch in front of a Final Jury where they will have 3 minutes to present, followed by 7 minutes of Q&A. After the oral presentations of the final round, the jury will deliberate and select the three winners for each of the Ideas, Startups, and Social Entrepreneurship tracks.
- In Rounds Two and Three, the oral presentations of the final round should be delivered in English.
- Information about the Round and Final Round Judges will be available on our website as soon as the names are finalized.
- Cash prizes will be awarded to three winning teams from each track.
- Prize money will only be transferred to the legal entity specified in the Engagement Letter.
- Prize money will NOT be transferred to individuals.
- If the startup was not registered as a legal entity within the 3 months following the competition, MIT EF Pan Arab will no longer transfer the money prize.
- MIT EF Pan Arab will endeavour to send prizes within three months of the competition end date but cannot guarantee this delivery time.
- MIT EF Pan Arab reserves the right to disqualify any entry at any phase of the competition. The reasons for disqualification can be breach of any of the rules, breach of eligibility criteria, breach of any applicable law, bad conduct or offensive behavior, or invalid answers contained in the applications.
- MIT EF Pan Arab reserves the right to amend these rules at any time.
- In the event of any misinterpretation regarding these rules, the conduct or results of the competition, or any other matter relating to the competition, the decision of MIT EF Pan Arab shall be final and unchallenged.
- While every care is taken to ensure that the competition runs successfully, the MIT EF Pan Arab will not be held responsible for any loss, damage, inconvenience, or disappointment of any kind suffered by any entrant resulting from the competition.
- The MIT EF Pan Arab does not endorse any external linked sites and is not responsible for their content.