Amid all the instabilities in the region, young Arab success stories making it big on a regional and global level appear to be, just like bright lanterns in a dark sky, a shining symbol of hope to look up to.
Yet just like a lantern, these success stories always needs that initial spark and that gentle push to make it through to the clouds. Indeed, examining many of these stories, they are commonly triggered but what I’d like to sometimes call “The Invisible Hands”.
This term, originally coined by Adam Smith to describe unrelated economy theories, is used here to describe the private institutions, the educational organizations, the personal initiatives and all other efforts undertaken by non-governmental institutions to make our societies a better place.
One such organization is the MIT Enterprise Forum of the Pan Arab region, one of the 28 worldwide chapters of the MIT Enterprise Forum Global, an avid promoter of entrepreneurship and innovation worldwide through the involvement of (aspiring) entrepreneurs in initiatives that help them start and grow sustainable businesses.
As part of its gigantic initiatives in the region, the MIT EF Pan Arab has recently launched its 9th annual Arab Startup Competition! Being one of the biggest entrepreneurship competitions in the MENA region, it offers up to 150,000$ in prize money as well as a beautiful journey in state of the art training, mentorship, wide media exposure and valuable networking opportunities.
The competition which is in partnership with Community Jameel and Zain, has trained over 1,500 entrepreneurs so far and has created over 250 knowledge-based jobs.
HOW TO APPLY?
Think you have the next million dollar idea? Apply today by visiting the competition’s website www.mitarabcompetition.com and choosing one of the 3 competition tracks: Ideas, Startups and Social Entrepreneurship.
Start filling the application today, as the January 4 deadline for receipt is near!
The competition will culminate in a five-day event in Jeddah, Saudi Arabia from April 11 – 15, 2016, with the announcement of the competition winners scheduled to take place during the final award ceremony on April 14, 2016, and a one-day MIT Technology Review Pan Arab conference being held on April 15, 2016.
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