As One of the biggest entrepreneurship competitions in the region receiving 5,000 applications each year from 21 of the Arab countries,besides prize money,the competition engages entrepreneurs in training,mentorship,exposure and networking.
So far, the Competition has trained more than 1,500 entrepreneurs and has created over 250 knowledge based jobs. It receives applications in 4 different tracks: Ideas, Startups, Social Entrepreneurship, and The Silicon Valley Program in 3 different languages: English,Arabic and French.
Worth
- Startups Track: $50K for the first winner, $15K for the second winner, and $10K for the third winner
- Ideas Track: $15K for the first winner, $10K for the second winner, and $5K for the third winner
- Social Entrepreneurship Track: 3 winners winning $10K each
Eligibility criteria for Ideas Track
- At least two members per team
- At least one Arab national on the team
- No Working Prototype required
- No Sales
- No Registration required when applying, but winners are required to incorporate a company in one of the Arab countries in order to be able to receive their prize
- Should not have received any previous funding
- Your Ideas can be in ANY industry
Eligibility criteria for Start-ups Track
- At least two members per team
- At least one Arab national on the team
- Working prototype, ideally with some user traction and some sales
- Generates at most $500K in annual revenues
- 0-5 years in operations
- Legally registered in one of the Arab countries
- Your Startup can be in any industries
Eligibility Criteria for Social Entrepreneurship
- At least two members per team
- At least one Arab national on the team
- You should have a registered social enterprise, as we are targeting “Startups” stage social enterprises (It can be for-profit or non-for-profit)
- Your core product/service needs to address a social problem targeting marginalised/disadvantaged population
- Your Social Enterprise can be in any industry
Deadline: January 4, 2016
To apply and for information visit here
