• Registration opened on September 15 and continues until December 10, 2020
  • The 5th edition is the first fully digital event organized by MITEF Saudi Arabia

Jeddah: The MIT Enterprise Forum Saudi Arabia, part of MIT Enterprise Forum global network, announced the launch of registration for the MITEF Saudi Startup Competition under the slogan "Innovate, Inspire, Connect".  A fully digital version that simulates a real event, this year's competition is held in challenging atmospheres in light of the global health crisis, and the competition’s commitment to continue supporting entrepreneurs in Saudi Arabia to overcome the current challenges, and promoting innovation process and the continuation of the entrepreneurship sector in the Kingdom.

Registration for the 5th edition opened on September 15 through the competition website, and will continue until December 10, 2020. Saudi and non-Saudi entrepreneurs of all ages and economic sectors can apply to participate through the competition website within one of the three contest tracks: ideas track, startups track, and the social enterprises track, according to the terms of the competition.

On this occasion, Hassan Jameel, President Saudi Arabia, of Community Jameel, said: “The MITEF Saudi Startup Competition continues to be a hugely significant annual event, attracting thousands of entrepreneurs from across the Kingdom. Given the current global challenges, our mission to support young Saudi talent and to help small businesses develop, is now more important than ever. I would strongly encourage entrepreneurs from all sectors to register for what promises to be another outstanding event.”

Since its launch in 2015, MITEF Saudi Startup Competition has succeeded in attracting more than 7,500 participants from all over Saudi, establishing more than 45 startup projects, training more than 260 entrepreneurs and creating more than 110 job opportunities through startups. The winners received a total of 1.6 million Saudi riyals in the form of free investments. In the Startup Investment Forum, which was held during the 4th edition of the MITEF Saudi Startup Competition over a period of three days, the event hosted 65 innovative startups from around the world, including the United Arab Emirates, Egypt, Lebanon, Turkey, Greece, and Poland, in addition to 27 innovative startups participating in the MITEF Saudi Startup Competition 2019-2020.

The MITEF Saudi Startup Competition is organized by the MIT Enterprise Forum (MITEF) Saudi Arabia, a branch of MIT Enterprise Forum global network, in collaboration with Bab Rizq Jameel, an initiative of Community Jameel. The competition aims to promoting and enriching the entrepreneurial environment in Saudi Arabia by supporting and celebrating all startups and entrepreneurs in the Kingdom.

Entrepreneurs can learn more and apply for the competition before December 10, 2020, by visiting the competition website.

Stay tuned for more news and updates on social media:

  • Instagram @mitefsaudi
  • Facebook @MITEFSaudi
  • Twitter @mitefsaudi

-Ends- 

MIT Enterprise Forum (MITEF) Saudi Arabia is part of a global network of chapters dedicated to the promotion of entrepreneurship and innovation worldwide. MITEF informs, connects, and coaches Saudi entrepreneurs—enabling them to rapidly transform ideas into world-changing companies.

Founded in 2015 with the goal of promoting and enriching the entrepreneurship ecosystem in Saudi Arabia, MITEF aims to celebrate and support all potential startups and entrepreneurs in the Kingdom through Startups and Ideas Competition.

The MITEF Saudi startup competition has three tracks: Startups Track, Social Track and Ideas Track. The competition offers over SAR 325,000 cash prize, in addition to workshops and training and guidance sessions supervised by specialists and experts in all economic and social sectors. The finalists will have the opportunity to participate in StartSmart, one of the MIT Global Forum’s programs which is organized before the announcement of the winners and attended by specialists from MIT University, USA. The aim of the program is to encourage, motivate and guide entrepreneurs to achieve success at the level of the three tracks: ideas, social enterprises and business enterprises through workshops and enrichment programs directly related to technology and creativity. 

As a part of the MITEF Pan Arab Region, the 9 winning teams of the MITEF Saudi Arabia Competition will be invited to participate in the MIT Enterprise Forum Arab Startup Competition.

Community Jameel

Driven by a commitment to creativity, entrepreneurship, innovation, and youth, Community Jameel works across major fields of development: livelihoods, the arts, education, health, climate, and evidence. Community Jameel is active worldwide, by directly implementing programmes and by collaborating with major international institutions and grassroots organisations.

Community Jameel was established in 2003 to continue the Jameel family's tradition of supporting the community, a tradition started in the 1940s by the late Abdul Latif Jameel, founder of the Abdul Latif Jameel business, who throughout his life helped tens of thousands of disadvantaged people improve their lives.

The term “Community Jameel” refers broadly to several distinct, separate and independent legal entities. Community Jameel is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a group of distinct and wholly independent separate legal entities that are collectively referred to as “Community Jameel”.

For more information, please contact:
Abir Ben Bechir
Email: abir@communityjameel.org  

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