Tunisian president meets Saudi foreign minister in Tunis Prince Faisal co-chairs Saudi-Tunisian Political Consultation Committee meeting    Crown Prince to outline domestic and foreign policy priorities during Shoura Council address Wednesday    Hajj Ministry launches catering challenge to foster innovation in services to pilgrims    Saudi Arabia slams Israel's use of blockade and starvation as tactics to impose forceful displacement    PIF chief says Saudi transformation could outpace China's, outlines 'filtration' investment process The Fund to unveil its next five-year strategy soon    Arcapita acquires C&K Paving, expanding its global business services portfolio    Israel carries out attack against Hamas leadership in Qatar    Saudi Arabia strongly condemns brutal Israeli aggression on Qatar    French PM François Bayrou loses crucial confidence vote in parliament    Czech Republic and allies break up Belarus spy network in Europe    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Saudi Real GDP records growth of 3.9% in Q2 2025    PIF signs MoU with Macquarie Asset Management to boost investments in infrastructure and energy transition    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    French doctor goes on trial for poisoning 30 patients, 12 fatally    The key to happiness    Gamers frustrated as Hollow Knight: Silksong crashes stores on launch    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Al Hilal sign Turkish defender Yusuf Akcicek on €22m deal until 2029    Al Qadsiah sign German midfielder Julian Weigl to strengthen defensive midfield    Al Ahli secure Flamengo starlet Matheus Gonçalves in long-term deal through 2027    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Arab teams vie for best business plan
Published in The Saudi Gazette on 24 - 06 - 2012

DUBAI – Fourteen teams including the brightest entrepreneurial minds in the Middle East are heading to Dubai this month for the final decision-making in the fifth annual Massachusetts Institute of Technology (MIT) Enterprise Forum Arab Business Plan Competition, in partnership with Abdul Latif Jameel Community Initiatives (ALJ) and a joint initiative with Global Innovation through Science and Technology (GIST).
UAE's Minister of Foreign Trade Sheikha Lubna Al Qasimi heads the six-person jury tasked with selecting three winning business plans, which will receive start-up funding including a $50,000 first prize, a $10,000 second prize, and a $5,000 third prize.
A special prize of $15,000 for the Best Woman Entrepreneur will also be presented as part of the final award ceremony in Dubai on 28 June.
Of the fourteen finalist teams selected from more than 4500 applications received, seven are from Egypt, three are from Lebanon, two from Palestine, and one team each hail from Saudi Arabia and Tunisia.
Half of the final business plans include technology or telecommunications start-ups, while media, social networks and agriculture make up the other fledgling business schemes vying for seed capital in the 2012 MIT Enterprise Forum Arab Business Plan Competition. – SG"The Arab world has a pressing need for innovation and job creation - both of these issues are dynamically addressed by the MIT Enterprise Forum Arab Business Plan Competition. The number of applications we have received during the last few years has doubled annually, underscoring the entrepreneurial spirit throughout the Middle East and the platform that we have established to showcase the bright ideas emanating from more than 20 countries in this region," said Hala Fadel, Chair of the MIT Enterprise Forum of the Pan Arab Region.
Joining Lubna on the jury for the fifth annual MIT Enterprise Forum Arab Business Plan Competition are Rashid Al Ballaa, Founder and Chief Executive Officer of National Net Ventures (N2V); Ali Al-Husry, Chairman of Endeavor Jordan; Said Darwazah, Chief Executive Officer of Hikma Pharmaceuticals PLC; Ossama Hassanein, Chairman of Techwadi; and Fred Sicre, partner at Abraaj Capital.
The fourteen finalist teams rehearse their new business pitch presentations for a full day on June 27 with Ihab Khalil, Senior Associate and Chady Zein, Principal at Booz & Co. before pitching their business plans in front of the jury on June 28th, with the winners named that evening at an awards ceremony at the Meydan, Dubai. - SG


Clic here to read the story from its source.