MITEF Arab Business Plan Competition Announces Top 50 Teams

Read In

The MIT Entreprise Forum announced the Top 50 Semifinalists in its Arab Business Plan Competition yesterday. 

In the competition, conducted in partnership with ALJ Community Initiatives and GIST, a panel of 100 business professionals from across the Arab World assessed aspiring entrepreneurs based on their innovation, scalability and positive impact on the community.

This year, despite (or perhaps urged on by) upheaval in the Arab World, the total number of teams that made the cut in the semifinalist round has increased, says Hala Fadel, Chair of the MIT Enterprise Forum for the Pan-Arab Region. 

"We are very excited to have 50 teams this year, a 70% increase from 30 teams that we typically have as semifinalists. We've actually seen a big jump this year in the quality of the applications," says Fadel.

In terms of geography breakdown, having around 40% of semifinalists come from Egypt is no surprise, but Fadel said it's particularly exciting to see a team from Syria, two teams from Palestine, and two from Yemen as well. After opening the competition to French, they have also seen an increase in applications from Tunisia, Morocco, and Algeria, which comprise around 10% of the semifinalists.

As usual the high-tech and software development sector accounts for a big segment of applications, around 40%, while around 20% come from media and creative industries and 10% from environment, water, and energy. The rest are social networks and e-commerce sites, which Fadel says have taken a hit this year.

It's not because their ideas aren't good or the market isn't booming, says Fadel. Rather, she says, "It's simply difficult for an e-commerce website to show clear differentiation in the market, especially in a two-pager application."

What's next for the semifinalists is a workshop at the Higher College of Education in Abu Dhabi on the 17th & 18th of March. After receiving training from MIT professors there, teams will submit final business plans in April, and 12 finalists will be announced in early May. These finalists will travel to Beirut for a final awards ceremony on June 21st, where they will present their business models to a panel of judges in hopes of nabbing a spot as one of the three winners.  

Read the names below and find out more about the competition on the MITEF ABPC site.

Company Name

Country

Industry

Acadox

KSA

High-Tech, Telecommunications and Software

Agzakhana

Egypt

Health and HealthCare

Artistry Egypt

Egypt

 Creative Industries 

ATA General Trading Co.

Egypt

Education and Training

Bangaia

Jordan

High-Tech, Telecommunications and Software

Bedaya

UAE

 Creative Industries 

Blaze 

Yemen

High-Tech, Telecommunications and Software

Brate

Lebanon

Social Network

Butterfleye

Lebanon

High-Tech, Telecommunications and Software

Chill

Jordan

Entertainment, Recreation, Travel, and Tourism

Cloud Networks

Lebanon

High-Tech, Advertising 

Cloud Niners Ltd.

Egypt

High-Tech, Telecommunications and Software

CureAid

Egypt

High-Tech, Telecommunications and Software

Draw me a Song

Lebanon

 Creative Industries

Earth Tipping Point

Lebanon

Social Network

eArtvolution.net

Tunisia

 Creative Industries 

Edfa3ly.com

Egypt

E-Commerce

Esouki.com

Lebanon

E-Commerce

Future Energy Development Organization (FEDO)

UAE

Energy, Environmental Services, Power, and Water

GenieTag Inc.

Egypt

High-Tech, Telecommunications and Software

Gloryette

Egypt

Education and Training

Hamid

Morocco

High-Tech, Telecommunications and Software

Ibtaker for Technological Innovation

Palestine

Education and Training

I-DAW (Intelligent Development of Applications on Web)

Lebanon

High-Tech, Telecommunications and Software

KarmSolar S.A.E.

Egypt

Energy, Environmental Services, Power, and Water

Medi Shrimp & Krustacean  M S K

Tunisia

Agriculture

Meem

Egypt

 Creative Industries 

MobiCare

Jordan

Health and HealthCare

Modern Wall

Algeria

Construction, Engineering, and Transportation

Mudawat

Jordan

Health and HealthCare

Nitrate Production System (NPS)

Jordan

Agriculture

Nobel Chemist

Syria

Energy, Environmental Services, Power, and Water

OdBoards

Yemen

High-Tech, Telecommunications and Software

Oilynet

Egypt

High-Tech, Telecommunications and Software

Palestine Outsourcing Company (POC)

Palestine

 Creative Industries 

Presto Wireless

Egypt

High-Tech, Telecommunications and Software

Qabila Media Productions

Egypt

 Creative Industries

QualiVid

Egypt

High-Tech, Telecommunications and Software

Scaduf

Egypt

Agriculture

Shighl Beit

Lebanon

 Creative Industries 

SilGenix

Egypt

High-Tech, Telecommunications and Software

Solar Lens

Jordan

Energy, Environmental Services, Power, and Water

Sweety Heaven

Egypt

E-Commerce

TAE (The Assistant of Epilepsy)

Egypt

High-Tech, Telecommunications and Software

Tawasal [Connect]

Lebanon

High-Tech, Telecommunications and Software

Tech TV

Egypt

 Creative Industries 

Tehuti Editing Services

Lebanon

 Creative Industries 

The Finjan

UAE

Food & Beverage Products and Services

The Universal Numbers

Egypt

High-Tech, Telecommunications and Software

Tourtwist.com

Lebanon

Entertainment, Recreation, Travel, and Tourism


Read In

Media categories

Share

Related Articles