MIT Enterprise Forum Arab Startup Competition (ASC) is a yearly competition initiated by the MIT Enterprise Forum Pan Arab since 2006. This annual competition is designed to empower entrepreneurs and foster an eco-system of innovation and entrepreneurship in the Arab Region. ASC pits entrepreneurs in three different tracks: Ideas, Startups and Social Entrepreneurship Track. The winning teams are awarded 120,000 USD in equity-free fund and benefit from a range of other activities including top tier trainings, mentorship, coaching, media exposure and great networking opportunities.
Selected semifinalist teams will participate in a 2-day boot camp designed by MIT Enterprise Forum Pan Arab. Almost 1 month from the boot camp training, all semifinalist teams will compete during the final event where they will pitch to judges from different professional backgrounds. Teams will also be provided with 2 mentorship activities where they get the chance to network with professionals and investors.
During the final event, all semifinalists will pitch to the Round 2 judges. Each Track has a different panel of judges, and the judges will select 30 finalists. The 30 finalist teams will pitch to the Round 3 judges, who will then choose 9 winners: 3 from each track.