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6 Startup Competitions Taking Place At This Year’s Techne Summit

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The opportunities are plenty and all up for grabs, including trips to global competition stages, thousands of dollars in cash prizes and international recognition at Techne’s game-changing event.

Calling all budding entrepreneurs with startup ideas set to reshape the world’s economy at Techne Summit’s newest batch of competitions. Whether your startup is disrupting the Health-tech sector, aiming to enhance education or getting ready to compete at a global scale, Techne Summit pairs up with key players across the most transformative industries to find the most promising startups.

But that’s not all: This year’s Techne Summit will witness the launch of the Startup World Cup in Alexandria for the first time. Ultimately, the opportunities are plenty and all up for grabs, including trips to global competition stages, thousands of dollars in cash prizes and international recognition at Techne’s game-changing event. 

EdVentures Competition

Teaming up with EdVentures, MENA’s first corporate VC specializing in education, culture and innovative learning solutions, for a one-of-a-kind opportunity designed for entrepreneurs with an idea, or startups in the prototype phase and provide a chance to win EGP 100,000 and more.

Techne x AXA for HealthTech

If your startup is addressing a solution for a sore spot in Healthcare, Techne pairs up with AXAOneHealth for a competition that will propel you to the global level and offer a chance to win up to 3 trips in Europe and get introduced by AXA NEXT. Startups with at least 3 team and over 3 months of operations in the Health-Tech industry are eligible to apply.

Trip to Stockholm

Win a trip to Stockholm to be a part of the Women in Tech event taking place in March 2020. The innovative competition is an initiative brought by the Swedish Embassy in Egypt. If your startup has at least one female co-founder and is looking into potentially entering the Scandinavian or European market, this competition is for you.

Future Technopreneurs

For all the wired-brain geniuses with an idea that could take the world a step further into the digital age, the title says it all. Future Technoprenreurs is a tech competition that invites entrepreneurs in the prototype or idea phase to fight for a chance to win a TIEC Accelerator Voucher and other prizes. 

SBC X

The Startupbootcamp partners up with Pride Fintech Cairo for the SBC X competition for fintech startups for a chance to be fast-tracked into their upcoming accelerator cycle. The competition is open for innovative teams in FinTech that tackles financial inclusion, cashless payment and enablement, and SME lending.

Startup World Cup

Saving the best for last, one of the most renowned global competitions is finally coming to the first time to the Mediterranean Pearl city of Alexandira. The competition is open to seed-stage startups with the chance to get into the Grand Finale in Silicon Valley in San Francisco, California and win up to $1,000,000.

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Lebanon ranks 88th globally, 10th among Arab countries in terms of competitiveness

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The World Economic Forum (WEF) ranked Lebanon in 88th place among 141 countries globally and in 10th place among 14 Arab countries on its Global Competitiveness Index for 2019, a report by Bybloss Economic Research said Lebanon also ranked in 28th place among 38 upper middle-income countries(UMICs) included in the survey, it added. In comparison, Lebanon came in 80th place among 140 countries globally and in ninth place among 14 Arab countries on the index in 2018.Based on the same set of countries. Lebanon’s global rank regressed by seven spots from the 2018 survey, which constituted, along with Costa Rica and Serbia, the fifth steepest decline globally. Lebanon’s rank among Arab countries declined by the one notch from the last year’s survey.

The index measures the ability of a country and its enterprises to compete in global markets by assessing the country’s institutions, infrastructure, macroeconomic, stability, education and healthcare systems, and entrepreneurial culture.

Globally, Lebanon has a more competitive economy in Algeria, Ecuador and Botswana, and is less competitive than Ukraine, Moldova and Tunisia among economics with a GDP of $10bn or more. Also, the Lebanese economy is more than its counterparts in Algeria and Ecuador, and less competitive than Argentina and Srilanka among UMICs. Lebanon received a score of 56.3 points, compared to the global average of 60.6 points, the UMIC’s average of 59.8 points and the Arab average of 59.5 points. Further, Lebanon’s score came lower than Gulf Cooperation Council (GCC) countries’ average of 68.7 points, but higher than the average of non-GCC Arab countries of 52.6 points.

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Beirut-Based Startups Jellyfish and Smart Budget Win the Startup Roadshow Semi-Finals

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Beirut, September 17th. Beirut-based startups Jellyfish and Smart Budget have just won the Startup Roadshow semi-finals in Beirut, held at the Beirut Digital District on September 12th. The startups are now one step closer to winning up to $15.000 at the finals, to be held on October 25th in Amman, following 5 Demo Days in the cities of Erbil, Amman, Gaziantep and Istanbul. The Startup Roadshow, organized by Jusoor and Spark in partnership with Startups Without Borders, is the world’s first competition for Syrian entrepreneurs in the Middle East, and is now running its second edition, following a successful tour across the Middle East in 2018. 

At the end of the tour, three winning startups will be crowned, with the chance to get an all-expense paid trip to Amsterdam, to pitch at the SPARK Ignite Conference next November. Jellyfish and Start Budget emerged the winners of a local competition that saw 20 Lebanon-based startups take their pitched to the stage. The Demo Day was the conclusion of 5 intensive days of bootcamp, where the entrepreneurs got training in business modelling, customer validation, digital marketing and pitching. 

Jellyfish, founded by Syrian siblings Muzna and Alaa Al Zhouri, is a social startup that recycles used plastic bags and manufactures various products, using crochet. 

“We are very happy with this victory. Our project has already seen the light, but it will now see the light around the world. We are refugees here. And, while many countries are unable to find solutions to the problem of plastics and unemployment, we are trying to make a small change. Our win is a great achievement for the project and the ladies who work with us. As a starting point for each country, our project will work. We are excited to move onto the next stage and reach the final prize, and apply our idea everywhere. Our project aims to protect sea turtles and empower women economically, especially refugees, by creating job opportunities for them.” says Muzna Aslan, founder of Jellyfish. 

Smart Budget, founded by Anas Almoalem and Mohamed Yazen Suliman, is a mobile application that helps individuals to manage their budget through voice command, with a Business Account feature which would allow freelancers and small businesses manage the costs and revenues of their projects.

“When they announced that our startup project is in the second place that was incredible for two reasons. Firstly, my idea was tiny when I got involved in the competition; I never thought that this small idea would deserve to win, but we polished it in the training sessions, which were very helpful to identify what differentiates us from other competitors in the market. Secondly, as an accountant and a programmer, my co-founder and I didn’t have a chance to work in our fields after we moved to Lebanon. So this is a big chance for us to work on in our fields again,” says Smart Budget founder, Anas Almoalem.

“We are delighted to have the opportunity to prove ourselves and to start a business in what we are passionate about. Now we are feeling more pressure because of the limited timeline, tons of work, and limited resources; but we are committed to making this project a hit,” Anas Almoalem adds. The roadshow has now moved on to Erbil, where twenty selected startups are battling it out for the semi-finals. Following along the tour, Istanbul and Gaziantep and Amman will see 60 other startup teams pitch, concluding in Amman, for cash prizes of $15.000, while the second and third place winners will receive 10.000 and 7.000 respectively. 

The winners will also get the chance to showcase their businesses on the global stage in Amsterdam, during the SPARK Ignite annual conference.

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Global VCs bullish on Expo2020 Dubai

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The UAE will accelerate its efforts more aggressively in the coming months to welcome talents from across the globe as it intends to offer its innovative entrepreneurial test-bed for its startup ecosystem, and for global startups to expand in the region. The Expo2020 Dubai will be a great platform for exchanging and sharing knowledge, which will pave the way for various avenues to innovation in the tech world. Global accelerators, venture capitalists, and mentors are already in the region scouting for the best deals and enthusiastic to be part of the UAE’s historic growth. US-based 500 Startups – a venture capital firm with presence in 74 countries – is very optimistic that the Expo 2020 Dubai mega event will bring leaders and innovators from around the world to the heart of the emirate, creating an immense opportunity for cross-pollination and serendipity in the region.

Courtney Powell, chief operating officer, 500Startups, said: “The UAE startup ecosystem is rapidly accelerating. I’ve met fantastic founders building exciting businesses whose impact will be felt even beyond the UAE. I’ve also had the privilege of meeting leaders in Dubai and Abu Dhabi, and it’s clear that there’s support for making the UAE a world leader in tech and innovation are at the highest levels.” 500 Startups has invested in over 2,300 companies worldwide, approximately 150 of which are from the Mena region, and 30 plus investments in Dubai alone. As the most active early stage venture capital firm in the world, as reported by Pitchbook.

“We know the market well and are excited about investing further in the region and collaborating with premier partners in the UAE to see even greater success,” said Powell. “500 Startups does not look at the UAE as simply a place to invest in from afar. We have deep partnerships here. Abu Dhabi Financial Group is an anchor investor in our flagship global fund which invests in the top companies from our 14 regional funds around the world. Over the next few months, we’re scouting for the best locations and partnerships in the region to further increase our on-the-ground presence and get even more involved with the ecosystem.”

Another global accelerator Techstars with a network of 1,600 companies with a market cap of $17 billion under Techstars accelerator portfolio has already consolidated its operations in Dubai. Vijay Tirathrai, managing director, Techstars, said: “The Expo will be a stimulus for innovation, and opportunity for start-ups looking for inspiration and potential for collaboration with nations around the world. It also will help start-ups forming smart partnerships with larger corporations and governmental agencies to showcase their technologies for to demonstrate proof of concept.”

The UAE is now a vibrant start-up ecosystem with an increased number of accelerators and corporate innovation programmes being launched. For instance Techstars, has just launched its second accelerator at Hub71 in Abu Dhabi.

“In the UAE we have seen an all time number of deals and funding valuations raised by start-ups thus far in 2019. The crowning moment in UAE has also seen a historic liquidation event with the $3 billion Careem deal. This augurs well for budding entrepreneurs who have become more confident of both local investor community and increasingly foreign interests in UAE start-ups,” said Tirathrai. Techstars is launching their second accelerator programme in UAE which will commence in January 2020 at the Hub71 in Abu Dhabi. Backed by Mubadala Investment company, the programme will have a broad sector interest, such as ICT, energy, healthcare, petrochemicals, cyber security for example. Start-ups which uses AI, Machine Learning, Blockchain, IOT, Robotics, and AR/VR technological use cases will be of interest. Techstars aims to make 10 new investments by January 2020.

In terms of funding, Magnitt reported that 2018 saw a record number of 366 startup deals across the Mena region with the UAE accounting for the biggest share of funding (70 per cent of the total funding). The UAE remained the largest recipient of startup funding in the first half of 2019 with 26 per cent of the total number of deals and 66 per cent of the total investment amount in Mena. Around 130 institutions invested in Mena-based startups in H1 2019, up 30 per cent from H1 2018. In addition, 30 per cent of them came from outside the Mena region.

Walid Hanna, founder and CEO, Middle East Venture Partners (MEVP), said: “With its supportive environment and world-class infrastructure, the UAE has developed the most advanced tech ecosystem in the Mena region and attracted a favorable concentration of entrepreneurs, angel investors, incubators, accelerators and VC funds.With the large investments taking place recently, the pace and size of exits has also accelerated compared to previous periods with Souq, Careem, Namshi and others.” The Expo 2020 will inevitably draw attention to the startup ecosystem in Dubai and the UAE as a whole. The event is expected to bring in 25 million visitors and startups will therefore get access to a large number of organisations which will be attending Expo2020 – this will be a once in a lifetime opportunity for sourcing global clients and business partners. In addition, there will be initiatives that incentivize innovation under the umbrella of the global summit such as Expo Live, a $100 million initiative that will deploy a combination of grants, challenge prizes and knowledge-sharing events focused on the universal drivers of progress.

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The Startup Roadshow Kicked Off: Meet the 20 Startups Competing in Beirut

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The competition for Syrian-led startups in has just started at Beirut Digital District, kicking off a 5-day bootcamp where the 2 top startups in the country will reach the semi-finals. The roadshow will then continue on to Amman, Erbil, Istanbul and Gaziantep, to conclude in Amsterdam, where the 3 regional winners will pitch during the SPARK Ignite conference.

The world’s first competition for Syrian entrepreneurs in the Middle East, the Startup Roadshow, has just taken off at the heart of Beirut’s innovative space, the Beirut Digital District. Twenty selected startups led by Syrian entrepreneurs are battling it out for the semi-finals of this competition, which will see 5 different bootcamps and pitching events in Amman, Erbil, Istanbul and Gaziantep, concluding in Amsterdam, where the 3 regional winners will pitch at a global event: the SPARK Ignite conference.

The competition, organized by Jusoor and SPARK in partnership with Startups Without Borders, is running its second edition, and is also incorporating 5 Startup Weekend competitions running in parallel, where entrepreneurs can gather teams and gear up to compete. Short-listed startups in Beirut include Click Shipping, an online platform to automate retail operations; Smart Budget, a program that uses artificial intelligence to adjust budgets for projects; and Bazgas, a company that produces biogas units to sell to cattle farms.

Other short-listed startups include:

– Doculife

– Learning

– Lessgo

– Jellyfish

– Markaz Maharat Al Edara,

– BeeDa,

– Himmet Shabab

– Smart Kids

– Roadride

– Tulip

– LogicGrids

– Baby’s caring.com

– Smart Balancer

– MyPlan

– Major Academy

– Woodtronic

At the end of the roadshow, two winners will move on to the regional finals, where the top 2 startups in every location will battle it out at the final Demo Day in Amman, for cash prizes of up to $15.000, while the second and third place winners will receive 10.000 and 7.000 respectively.

The winners will also get the chance to showcase their businesses on the global stage in Amsterdam, during the SPARK Ignite annual conference.

“We have been overwhelmed by the number of very interesting applications we have received and it has been an incredibly difficult process narrowing them down to select teams to participate in the Roadshow. We are excited to kick off the program in Beirut this week and have very high expectations of the innovative ideas coming from the teams,” says Grace Atkinson, Jusoor’s Executive Director.

“This year was exceptional with the outreach campaign; we’ve reached so many partners and communities, and exceeded the expectations for participants, which means there is a high demand for these kind of programs. As we head to the finals, we are very excited to see the 3 winners. We will witness the birth of a new group of Syrian entrepreneurs and startups, which will have a huge impact in the region,” says Mohammad Skaik, SPARK’s Regional Business Development Manager for the MENA region.

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Three Omani graduation projects beat 125 contestants to win OMR 12,000 each

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The winners of the third edition of the Upgrade Programme Competition in Muscat, Oman, were announced on September 3rd. Out of the vast pool of 125 contenders, 3 teams came out as successful with their graduation projects and secured prizes of OMR 12,000 each.

The Upgrade Programme Competition is an initiative taken by The Research Council (TRC Oman) in an effort to lead promising undergraduate projects into becoming startups and small and medium enterprises (SMEs) that will eventually benefit the country. According to Ali Al Shidhani of TRC, “With most top-level companies in the world operating in the ICT industry, Oman needs to step up its ICT development and this programme will do exactly that”.

A total of 125 graduation projects from 17 academic institution competed this year. The number of participants was much higher this time around as compared to previous editions. The three winners were:

– ‘Renewable Energy Management System for a Smart City’ by a team from SQU.

– ‘Development of E-Voting System Based on Blockchain Technology’ by the Middle East College.

– ‘Internet of Things Water Quality Monitoring and Notification System for Red Tide’, also from Middle East College.

The competition not only supports the graduation projects of students but also provides winning teams the opportunity to transform into a successful start-up. In addition to the cash prize of 12,000 OMR, each winning team is also provided with comprehensive incubation, research and development programs and relevant training.

Several key figures attended the competition and showed support and praise for the idea behind it:

Asila Al Zeidi, Strategic Programme Specialist at the Communications and Information Technology sector at TRC, said, “We thank the programme’s administrators who spared no effort in bringing this competition to as many students as possible.

Laila Al Wahaibi, CSR Manager at Omantel, also praised the programme, “The programme brings opportunities to the winners and allows them to build companies that can support Oman in the path of entrepreneurship”.

The Upgrade Programme Competition is indeed a very unique program, which provides both the seed capital and incubation help to potential start-ups. The nurturing and support of graduates will pave the way for them to become successful entrepreneurs, which will be very beneficial for Oman.

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Business

Lebanon skyrocket 589 places in startupblink ranking report

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by Maan Barazy

Lebanon’s ecosystem gained a significant push in the startup blink ranking report topping the annual 300 list, after skyrocketing 589 locations up – Now it is ranked among the first 100 in the world

the report editor wanted to build an ecosystem ranking syetm; they asked Have you ever wondered how the strength of your local startup ecosystem compares to others?  What about the vital factors that help empower a growing ecosystem? comprehensive, global startup ecosystem map and research center provides users with all the data they need to draw comparisons, view rankings, and make better informed business decisions. Our startup ecosystem rankings feature the strongest startup hubs in the world, while also giving smaller cities and countries the chance to be highlighted.  

Welcome to the top 100 Lebanon the web version of the report said

What makes the StartupBlink platform so unique and impactful is the treasure trove of data available on hundreds of locations across the globe. We don’t only map startups, but also focus on all other relevant startup ecosystem players including coworking spaces, accelerators, investors, tech reporters and much more.

StartupBlink has launched the Startup Ecosystem Rankings Report 2019 that now ranks 1,000 cities and 100 countries worldwide. This is the first report to track both momentum and trends within the global startup ecosystem.

Most of the data used while generating the rankings was either accumulated on StartupBlink over the past 5 years or was sent to us by our ecosystem partners in cities around the world.

StartupBlink’s map is carefully curated and updated to assist startup founders, governments and investors in their quest to better understand what makes a healthy startup ecosystem. We also help corporates with data that supports their open innovation activities when connecting and supplying resources to relevant startups.

The report quoted

After increasing 19 spots, Lebanon has joined the club of leading countries and its top is now in the top 300 list, after skyrocketing 589 locations up. Despite the fact that Lebanon has a small market, the public and private sectors see the importance in supporting the startup ecosystem by creating many accelerators and spaces, including Berytech, Speed@BDD, the UK Lebanon Tech Hub, and AltCity.

Also, the nation has high tech literacy and boosts with many funding avenues, like Banque du Liban (BDL) that injected $400 million into the Lebanese enterprise market. Lebanon has witnessed several exits, among others, are Cleartag, Diwanee, and Shahiya.com. As for the startup ecosystem, the main focus should go maintaining the good momentum of Beirut and bring form an additional startup hub.

The algorithm analyzes tens of thousands of data points and is powered by our global partners such as Crunchbase, and SimilarWeb. We also analyzed data gathered from more than 50,000 members throughout the Global StartupBlink community.

Specifically for Crunchbase, our partnership allowed us to locate hundreds of unicorns around the world and include them as a critical part of the algorithm. Unicorns are vital success stories that increase money flow to the local startup ecosystem. They also encourage the local population to join the startup revolution.

New entrants to the top country rankings

The top 10 countries list as compared to the 2017 rankings has welcomed 3 new entrants: Australia, the Netherlands, and Spain, as seen in the table below.

StartupBlink Report: Top 10 Rankings

The top 11-30 list has been a real battlefield for some countries due to the changes in the algorithm. Some of the major changes include Denmark (falling 9 places down to the number 16th) and India (skyrocketing to the 17th spot, after passing by 20 rivals). Additionally, Singapore (leaving the top 10 and declining to 21), New Zealand (jumping 20 positions up to the 26th), and China (15 places down and ranked at 27 now).

Startup Blink: 10-30 Rankings

Top city ecosystems

As for the cities, the top 10 list remained relatively stable with only Boston, Tel Aviv, and Berlin shifting positions. Moscow also joined the top 10 club after moving 4 positions up the ranking.

Startup Blink: Top 1-10 City Rankings

Nonetheless, the top 11-20 cities list was slightly more dramatic. Bangalore (ranked 11) almost hit the top 10 and Tokyo moved 15 positions up to the number 14. New Delhi and Sydney also rose 5 and 6 positions up accordingly.  

StartupBlink: Top 11-20 City Rankings

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Competition

The Startup Roadshow Kicks Off Again with $15,000 in Prizes for Syrian-Led Startups

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The competition for Syrian entrepreneurs in the Middle East is taking off on September 7th, with a series of bootcamps in Lebanon, Jordan, Iraq, and Turkey. Up for grabs is the chance to win $15,000 in cash prizes, and a trip to pitch in Amsterdam during the SPARK Ignite conference.

The Startup Roadshow, the world’s first competition for Syrian entrepreneurs in the Middle East, is kicking off its second edition on September 7th, with a tour across 5 cities to crown the top Syrian-led startups in the region, and equip them with the tools to succeed. 

The competition is organized by Jusoor and SPARK in partnership with Startups Without Borders, and was first launched in 2018, with two final Demo Days in Amsterdam and Beirut, where six entrepreneurs were crowned. This year, the competition is going bigger, with cash prizes of up to $15.000 and additional training. Kicking off on September 7th, the roadshow is setting off to train 100 entrepreneurs across the cities of Beirut, Amman, Erbil, İstanbul, Gaziantep in a 5-day bootcamp where the top startups will be chosen. 

The finalists will all head off to Amman, where the Final Demo Day and pitching competition will select the region’s top 3 Syrian-led startups. The winning startups will battle it out for cash prizes of $15.000 in the first place, while the second and third place winners will receive 10.000 and 7.000 respectively. The winners will also get the chance to showcase their businesses on the global stage in Amsterdam, during the SPARK Ignite annual conference.

“Building on the success of the first edition of the Startup Roadshow, its fast intervention, its technical training, and very successful events, and most importantly startups and SMEs developed, SPARK and Jusoor decided it’s time to join forces to do the roadshow again. We noticed there was a high demand from Syrian youth; who want to build their future, start their careers and contribute to their economies. We aim to offer the means to create jobs and access to labour market, which is the main focus for development organisations today,” says Mohammad Skaik, SPARK’s Regional Business Development Manager for the MENA region. 

“We are very proud and excited to embark on this roadshow and competition, a first of its kind, in support of Syrians in their host communities. We hope to tap into the Syrian diaspora and find talented young entrepreneurs eager to become economic pillars in their present and future communities,” says Dania Ismail, Board Member and Director of Jusoor’s Entrepreneurship Program. 

This year,  the competition also includes a chance to take part in a Startup Weekend Refugees event across the 5 cities ahead of the Startup Roadshow, in order to give entrepreneurs the chance to gather teams and perfect their ideas before joining the startup competition. During the Startup Weekend, entrepreneurs will get to share their ideas, form a team, and connect with people from the industry to create concrete businesses.

The roadshow is calling on Syrian students, young professionals, and entrepreneurs with business ideas to transform them into startups ready to take on the world. The competition is also open for teams that have a Syrian co-founder and are building a scalable business. 

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Competition

MIT Enterprise Forum to announce the winners of 12th Arab Startup competition

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MIT Enterprise Forum Pan Arab, the regional chapter of MIT Enterprise Forum Global is set to host final award ceremony and conference for the 12th Arab Startup Competition on Friday this week in Beirut, Lebanon. The winners will be chosen across three different tracks including idea, startups, and social entrepreneurship.

Finalists are chosen from thousands of applications MIT Enterprise Forum receives every year. They are required to pitch in front of a Final Round Jury panel where they have three minutes to present followed by 7 minutes of Q&A.

The winners are awarded $160,000 (total prize money) as equity free funding and different other benefits including trainings, mentorship, coaching, media exposure, and networking opportunities. Many winners of the previous editions of the competition have made it big, raising millions in investment and creating thousands of jobs.

At this year’s gathering, the organization will publicly launch its inaugural annual impact report which will highlight the impact of Arab Startup Competition on job creation and Arab macroeconomy over the past 12 years.

The semifinalists for all the three tracks will have the opportunity to exhibit their products for the attendees, allowing entrepreneurs to pitch and present their businesses to a global audience.

The event will feature three discussion panels: Role of Governments in Fostering Growth of Digital EconomiesBuilding on AI in Education to Prepare Tomorrow’s Workforce, and The Role of Fintech in Advancing Digital Economies. The panels will feature speakers and subject matter experts who will share the latest on data, research, and industry trends.

It will also feature a keynote address Huma Abidi who is the Director of Machine Learning/Deep Learning Software Engineering at Intel Corp.).

The conference will take place at the Hilton Habtoor Grand Hotel in Sin El Fil (Beirut) this Friday (March 29) starting at 2 PM.

The attendance is free of charge but requires registration. You can register here. The event will also be live streamed on MIT Enterprise Forum’s Facebook page.

Update: A previous version of the article noted that there will be two keynote addresses at the event. We’ve been informed that the second address has been canceled so it has been removed from the article. 

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Ecosystem of the MENA

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