60 teams to test their skills at MITEF Startup Competition semifinal

The MIT Enterprise Forum (MITEF) Pan Arab and MIT Enterprise Forum (MITEF) Saudi Arabia announced the launch of the Startup Competition.

This year, cash prizes worth $160,000 will be awarded to the winners from three different tracks: Ideas, Startups, and Social Entrepreneurship.

Additionally, there are many benefits like the Bootcamp (top-tier training), media exposure, and most importantly the networking opportunities with world-class investors, judges, and entrepreneurs.

The Bootcamp will be hosted by Taibah University, welcoming 60 semifinalist teams in Madinah on February 17 and 18, 2022. The Bootcamp will help the semifinalist teams to prepare their pitches, build their business model, develop ideas, and much more.

On December 27, 60 semifinalists (20 from each track) will be selected from the pool of applicants to proceed to the next stage. These teams will have the opportunity to attend the final event in Madinah, during which this year’s Startup Investment Forum (SIF) will also take place.

The winners will be announced during the Final Awards Ceremony taking place in King Salman International Convention Center in Madinah on February 23, 2022.

Applications are open for submissions until December 6.