In a challenging year, organisers of the MIT-backed competition are urging startups from all sectors to apply to one of its three tracks.
The MIT Enterprise Forum Saudi Arabia has opened registration for the fifth edition of the MITEF Saudi Startup Competition, with thousands of startups from across the Kingdom expected to throw their respective hats in the ring for the annual event.
As has been the case for many events from across the MENA ecosystem, the competition will be fully virtual, but for Community Jameel - a philanthropic venture that launched the competition in 2015 in collaboration with MIT - the hurdles that startups have had to tackle in the wake of the COVID-19 pandemic touch on the spirit of the event.
“Given the current global challenges, our mission to support young Saudi talent and to help small businesses develop, is now more important than ever,” said Hassan Jameel, President of Community Jameel, on this year’s edition. “I would strongly encourage entrepreneurs from all sectors to register for what promises to be another outstanding event.”
Since launching, the competition has had some 7,500 participations from startups in Saudi. It has trained over 260 entrepreneurs, created more than 110 job opportunities and established 45 startup projects. Winners have received a total of SR1.6 million worth of free investments.
Registration is now open until December 10th, 2020, and the competition welcomes all and any Saudi and non-Saudi entrepreneurs to any of its three tracks: the ideas tracks, the startups track and the social enterprise track.
Click here to find out more and register.
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