BEIRUT: The MIT Enterprise Forum (MITEF) Pan Arab held a press conference at Le Gray Hotel on Thursday, to announce the launch of the 12th edition of the “Arab Startup Competition,” a yearly competition for Arab entrepreneurs to compete in three different tracks, get the chance to win prizes worth more than USD 160K and the opportunity to have an avenue to exhibit and apply their ideas.
HE Minister of Telecommunication Jamal Jarrah, along with Emre Gurkan (CEO of touch Telecom), and Mrs. Hala Fadel (chairperson at MIT enterprise forum Pan Arab), among several other high-profile stakeholders, attended the conference.
Besides spreading public awareness, the press conference announced that this year’s final event was held in Lebanon and it highlighted the status of the Lebanese startup ecosystem and its impact on the economy. It also aimed to prove Lebanon as a hub for entrepreneurship, technology, and business creation.
“The Arab Startup Competition, our flagship program, is a unique platform for entrepreneurs to showcase their business model and to build large networks in and outside of the Arab region,” said Hala Fadel, Chair of the board of MITEF Pan Arab.
The competition will be held in partnership with Community Jameel, a social enterprise organization that operates a wide range of initiatives that promote and contribute to positive social change and economic sustainability.; and the World Bank Group, a global organization that provides a wide array of financial products and technical assistance that help countries share and apply innovative knowledge and solutions to the challenges they face.
The competition is also held in collaboration with Touch, a longtime supporter of Lebanese innovators and the leading mobile telecommunications and data operator in the country.
Among the supporting partners are Beirut Digital District, a built community dedicated to creating a hub for the digital and creative industries in Lebanon; Roland Berger, a global strategy consulting firm headquartered in Munich, with 50 offices in 36 countries, as well as Careem, the leading taxi app in MENA and the first to emerge from the regional startup ecosystem.
The conference included a brief panel discussion moderated by Mrs. Hala Fadel from MIT EF Pan Arab. The panel included Mr. Emre Gurkan from touch Telecom, Mr. Mohammed Hakami from Community Jameel, and representatives of other partners (TBD).
The Panel discussed the state of the Lebanese entrepreneurship ecosystem, the growth in its community and the importance of having Lebanon as the host country for the final event of the 12th Edition of the MIT EF Arab Startup Competition.
The MITEF Pan Arab was founded in 2005. The MIT Enterprise Forum of the Pan Arab Region is one of the 28 worldwide chapters of the MIT Enterprise Forum Global, an avid promoter of entrepreneurship and innovation worldwide.
The MIT Enterprise Forum-Pan Arab has a proven record in promoting MIT-style entrepreneurship by organizing each year the MIT Enterprise Forum Arab Startup Competition targeting 21 countries of the Arab region and attracting over 12,000 entrepreneurs a year.
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