MIT Enterprise Forum (MITEF) Saudi Arabia Startup competition 2018 has shortlisted its 45 semi-finalists from a total of 2500 entries. MITEF Saudi Startup Competition is organized by Community Jameel’s Bab Rizq Jameel initiative in partnership with Zain Saudi Arabia and Dulani Business Center, under the theme ‘Create your Tomorrow’.
The judging panel of 60 business experts and academics from Saudi Arabia and the Arab world assessed applicants’ business models, particularly creativity, potential to expand beyond local markets, long-term financial sustainability and making a positive impact on society.
In its III edition, the competition analyzed the startups in three categories, startups, social enterprise, and ideas.
In the Startups category, 15 were shortlisted which include Sihatech.com, Quantum Solutions, Ranam, Fixtag, Upositive, Majalisapp.com, Maharah, Hadiya Registry, Shakl 3D Printing Service and Marketplace, Juleb, Ironix Comix, Avocado, Fasil, Twetso and Live the Adventure.
In the Social enterprise category, the semi-finalists are Mathaq, Red Sea Channel, Blooming Bs, Rofoof, Aquaponica, Maya Clinic, I have a dream, Labayh, Fun time center for children’s hospitality, perfection & selection, Qout, Farmer shop, The Vid Platform for Poverty Treatment, Bassmatna initiative, Mutajamie T.
In the Ideas category, the shortlisted are Electronic cafeteria, Dulab, Pro Care, Osta, Money Cloud, Qisma, Cucumber, Derma now application, Leo’s Lounge, Parking, Bank You So Much.com, AGS Co. Ltd, The Lawyer, Bihob Nara’ahoum initiative, and an electronic control system to help kidney patients.
The next round will be choosing of 27 finalists which will be held in February and later the winners will be announced in Riyadh on March 3.
The closing ceremony will be honored by Dr. Majid Bin Abdullah Al Qasabi, minister of commerce and investment.
“The announcement of semifinalists is a definitive stage of the competition, which has become one of the most important events in Saudi Arabia in its impact on spreading the culture of entrepreneurship and innovation in Saudi and across the entire Middle East region,” said Eng. Mohammed Yahia Hakami, Executive Director, International Initiatives and Business Development at Community Jameel.
“The judging panel comprises business experts, specialists, and academics in the most advanced fields to assess project concepts and ideas and seeking to convert these to real projects for a better future,” said Sultan AlShahrani, Chief Human Resources & Communication Officer at Zain Saudi Arabia.
The MITEF Startups Competition is supported by the Ministry of Commerce and Investment (government partner), Zain Saudi Arabia and Dulani Business Centre (strategic), Dulani Business Centre and King Khalid Foundation (social entrepreneurship), SEDCO Holding (financial awareness), Eye of Riyadh and MIT Technology Review (media), MITEF Pan Arab (regional), Wamda (entrepreneurship awareness), and IRO (technical) and service partners include KAUST, Olow, Qutuf, and Zain KSA.