The 8th annual MIT Enterprise Forum of the Pan Arab region witnessed a record number of participants on Sunday April 19, with more than 12,000 applicants from 21 Arab countries congregating at the Symphony Style Hotel in Kuwait.
“I am impressed by the quality of the startups this year,” said Hasan Haider, Venture Partner at 500 Startups, to Wamda. “The varied list of countries participating shows there is a lot of talent available everywhere in the region and not concentrated in one place.”
Walking around the halls of the Symphony Hotel, it was refreshing to see young entrepreneurs demonstrating hardware products to fellow entrepreneurs or mentors. Enthusiasm outpaced business acumen in some cases, situations that events like this seek to address.
“A lot of the startups need to work more on their pitches, which is not well taught here, so I think it would have been good to focus more on training them on this,” Haider noted.
Still, there was no shortage of ideas. Some of the many builders we met were Qatari Khalid Aboujassoum (pictured below), founder and CEO of Tahi.me, showcasing a prototype of his instant cooking machine.
Egyptian Ali Fayed Abdel-Hafiz (pictured below), founder of iSolarWorkx.com based in the UAE, a car for kids to build, which gets its power from small solar panels.
And Wala Aniba Belhaj (pictured below), of
Morocco, allowed people around him to test his smart and safe
“It is inspiring to see so many great ideas and highly accomplished teams in the region, and always impressive when an entrepreneur has something to show as it drives home the message they are trying to send,” commented angel investor Nour Soueid.
Meet the winners
The winners ceremony, on Tuesday April 20, marked the culmination of six months of planning and staging.
During the ceremony Hala Fadel, chair of the MIT EF Pan Arab competition, facilitated two panels made up of H.E. Sheikha Al-Zain Al Sabah, Undersecretary of the Ministry of State for Youth Affairs, Mohammed Alshaya, Executive Chairman of M.H. Alshaya Co, Mohammed Jaffar, CEO of Talabat.com, and Tarek Sultan, CEO and Vice Chairman of Agility.
During these panels, the speakers discussed the Kuwaiti ecosystems, its needs and opportunities to incubate more success stories like Talabat. “We need the government to stop guaranteeing people jobs; it's not sustainable,” said Alshaya.
Organized with the collaboration of strategic partner Abdul Latif Jameel Community Initiatives (ALJCI) and Zain Group, the competition included three categories: Ideas, Startups, and Social Entrepreneurship.
Entrepreneurs from Egypt, Jordan, Lebanon, Morocco, Saudi Arabia and the United Arab Emirates eventually were invited to the winner’s stage for best start-up innovative and creative business ideas in the Arab world out of 75 contesting teams from 15 Arab countries.
Meet the winning startups who shared a prize of $135,000:
Winner: Colorbug, @pixelbugdxb, a Lebanese team based in the UAE that created a product solution that fuses the traditional with the digital, whereby kids are encouraged to color books and then enhance their experience with augmented reality technology, to enjoy learning in an interactive and entertaining way
2nd place: Project IO, @projxco, a Jordanian team that developed a technology to resolve the problem of shopping for shoes online whereby the user scans their foot with a smartphone to know their size for that particular brand of shoes
Winner: Kotobna, @Kotobna, an Egyptian team that gives young talented Arab authors an alternative method to publish and monetize their work (novels, comics, articles collections, blog collections and research papers
2nd place: Concure, @ConCureCo, a Saudi Arabian team that has developed a proof-of-concept prototype that is a multi-layered blanket for use in curing concrete, whereby the product absorbs water easily, lies flat after initial setting and is reusable
3rd place: Nano Ebers, an Egypt based team that has developed a high honey concentration and nanofiber structure that enhances antimicrobial effect and promote moist wound healing
Social Entrepreneurship Track (three equal winners)
Visualizing Impact, a Lebanese entity that is a citizen data journalism laboratory that deploys data science, design and technology for social justice
La Perle de la Mer, a Moroccan based entity whose project aspires to ensure the healthiness and safety of food products through the establishment of purification plants that will allow marketing for products in different markets directly and will allow fishing permanently.
Tahrir Academy, An Egyptian based entity offering a blended learning platform that provides engaging learning experiences to Egyptian youth, through combining world class and carefully localized teaching methods with the latest technology
Apart from the winner’s prize money, each of the Ideas, Startups, and Social Entrepreneurship track semi-finalists benefitted from training, mentorship, coaching, media exposure, and networking opportunities throughout the competition.