Competition details

The Arabian Entrepreneurs can benefit from the competition by developing their own business plans for their technological Innovations in order to take their innovations to the market through starting up a technology based companies.

Successful Technology based companies are some kind different from ordinary companies which need special skills in how to manage the technology and how to link the technology strategy to the business strategy of the company.

The competition will help gaining some of the needed skills through Training, Mentoring, judging and seeking partnerships with Venture Capitals, Angel Funds and Investors.

The competition is also an opportunity for venture capitals, angel fund and investors seeking potential entrepreneurs and investment opportunities in the Arab region within the technology and science fields.

General rules

  • Participants should apply in teams including 2 to 5 persons per team, whom at least two thirds are of Arab nationality and Residing in the Arab World.
  • Teams must have at least one university member: Staffs, Researchers, Postgraduates and Undergraduates students from Technology, Science and Business faculties and research centers.
  • The team should be who are seeking seed fund to startup a company (Including Startup Company in the Idea or the Conceptual stage) based on a proven innovation or product and ready to start commercial production and marketing.
  • Business plans should be for Companies to be established in the Arab world and most of future Research & Development activities should be done in the Arab countries. (Not sales or raise funds activities only)
  • Innovations, Researches results, Prototypes and Projects within the business plans should already passed the R&D stage, financially feasible with attractive returns to investors, have potential market regionally and/or worldwide and proposals should be clear for investors.
  • The proposed business plan should not be in violation of any intellectual property rights.
  • Teams or team members that who win a passed business plan competition and have received any form of venture capital, Angel funds or investors financing for their business plan should be mentioned clearly in their Executive Summary.

Eligible Areas

The categories of the competition should be within the following areas:

  • Animation and Gaming
  • Information Technology and Software Engineering.
  • Computer Engineering.
  • Communication Engineering.
  • Mechanical Engineering.
  • Chemical Engineering.
  • Semiconductors and Electronics.
  • Materials Science & Engineering. 
  • Biomedical Engineering.
  • Medical.
  • Pharmaceutical.
  • Biotechnology
  • Water and Desalination.
  • Energy.
  • Robotics & Automation Technology
  • Automotive Technology
  • Petroleum Geology & Engineering
  • Civil & Construction Engineering
  • Environmental Technology
  • Other related Engineering and Technology areas.