The Arab Startup Competition (ASC) will celebrate 12 years of innovation on March 29 at the Hilton Habtour Grand Hotel, Beirut, where it will challenge 63 semi-finalists from 12 countries in the MENA region (to view the list, click here)
The competition was initiated in 2006 by MIT Enterprise Forum (MITEF) Pan Arab (a branch of a global network designed to promote entrepreneurship and innovation) to empower entrepreneurs and cultivate a better eco-system in the Arab region.
ASC 2018 winners
Last year, the ASC hosted 76 semi-finalists from 14 countries and awarded 10 projects: QuickProd, Al Khudairi for Biogas Technologies, and WideBot from Egypt, Spike and FabricAid from Lebanon, Plotos (UAE), Smart Data Logger (Jordan), SunBox (Palestine), ProvenMed International (Tunisia), and Solar Foods (Sudan). All are now fully operating businesses within the region.
How it works
Entrepreneurs all around the Arab Region (from any age range) apply in teams of at least two members; the teams are placed in three different tracks – ideas, social entrepreneurship, and startups. The winning teams are granted an equity-free prize of $160,000 and benefit from a variety of activities, such as mentorship, training, media exposure, as well as networking opportunities.