More than two thousand applicants have expressed their willingness to be a part of the MIT Enterprise Forum (MITEF) Saudi Arabia’s annual startup competition, making it one of the largest events of its kind in the region. MITEF 2018 Saudi startup competition will be backed by government and non-government organizations.
The theme this year is “Create your tomorrow,” the forthcoming event will have three categories:
- Social Entrepreneurship
Among these three categories, “Startups” have shown the highest growth at 45%, followed by “Ideas” and “Social Entrepreneurship” at 27% and 14% respectively.
The semi-finalists, to be announced on January 15, will receive intensive guidance and training over the next couple of months. This will be followed by the final results on March 3, where the winners will be announced.
MITEF is organized by Bab Rizq Jameel, which is known for its role in providing education, training, and sustainable jobs to Saudi citizens in partnership with Dulani Business Center and Zain Saudi Arabia.
Speaking of the importance of the annual startup competition, Engineer Ali Sayyar, the General Manager of Dulani Business Center, said: “Our participation comes as part of Dulani’s policy to communicate and collaborate with various entities to support and develop entrepreneurship in Saudi Arabia.”
“Dulani is the first center in Saudi Arabia and the Middle East to provide a comprehensive set of non-financial services to small business owners. Through this participation, we aim to provide training, guidance, and consulting that the participating creative talents need.”