IN­NO­VA­TIVE IDEAS Saudi startup among win­ners of MITEF com­pe­ti­tion

Arab News - - Business News -

MIT En­ter­prise Fo­rum (MITEF) Pan Arab has an­nounced the six win­ners of the 13th edi­tion of its Arab Startup Com­pe­ti­tion. Among the win­ners was the Saudi plat­form Telp, win­ner of the fourth an­nual edi­tion of MITEF Saudi Startup Com­pe­ti­tion.

Telp is a tu­tor mar­ket­place with high qual­ity, vet­ted tu­tors, de­signed for busy par­ents that seek con­ti­nu­ity in tu­tor­ing ser­vices through weekly lessons. Dur­ing the pi­lot launch, more than 9,000 hours of tu­tor­ing were con­ducted worth over $182,000. Telp is now ready to start its re­gional ex­pan­sion and has started op­er­a­tions in Riyadh.

The Arab Startup Com­pe­ti­tion, held in part­ner­ship with main part­ner Com­mu­nity Jameel, in­no­va­tion part­ner King Ab­dul­lah Univer­sity of Sci­ence and Tech­nol­ogy, and dig­i­tal part­ner Zain Group, en­sured that at­ten­dees would ben­e­fit from a dig­i­tally im­mer­sive ex­pe­ri­ence that closely em­u­lates at­tend­ing a real-life event. The vir­tual con­fer­ence was at­tended by 400 at­ten­dees from 40 coun­tries glob­ally, who had all come to net­work, con­nect, and learn from the world’s most renowned tech speak­ers. The con­fer­ence cul­mi­nated with the an­nounce­ment of the six win­ners (from Saudi Ara­bia, Le­banon, Egypt, Pales­tine, Syria, and Jor­dan), each go­ing home with a mon­e­tary prize and sev­eral op­por­tu­ni­ties for growth. Hus­sein Jameel, di­rec­tor of Com­mu­nity Jameel, ad­dressed the en­trepreneur­s, say­ing: “You are the corner­stone of the world of en­trepreneur­ship, and the real cap­i­tal is your tal­ents, ca­pa­bil­i­ties and skills that we seek to sup­port through the Arab Startup

Com­pe­ti­tion and other ini­tia­tives of Com­mu­nity Jameel. We have been al­ways striv­ing to turn your cre­ativ­ity into star­tups that have to­day be­come one of the main pil­lars of the Arab world economies of both the de­vel­oped and devel­op­ing coun­tries, not only be­cause of their eco­nomic im­pact, but also for their so­cial in­flu­ence as a tool to tackle un­em­ploy­ment and other chal­lenges.”

The vir­tual con­fer­ence and awards cer­e­mony this year marks a new turn­ing point, es­pe­cially be­ing MITEF Pan Arab’s first fully dig­i­tal con­fer­ence. The vir­tual event cre­ated un­fore­seen chal­lenges to the or­ga­niz­ers and end­less op­por­tu­ni­ties to ex­per­i­ment and in­no­vate.

MIT En­ter­prise Fo­rum Arab Startup Com­pe­ti­tion is a yearly com­pe­ti­tion ini­ti­ated by MITEF Pan Arab in 2006. This an­nual com­pe­ti­tion is de­signed to em­power en­trepreneur­s and foster an ecosys­tem of in­no­va­tion and en­trepreneur­ship in the Arab re­gion. The com­pe­ti­tion pits en­trepreneur­s in three dif­fer­ent tracks: Ideas, star­tups and the so­cial en­trepreneur­ship track. The win­ning teams are awarded $45,000 in eq­uity-free funds and ben­e­fit from a range of other ac­tiv­i­ties in­clud­ing top-tier train­ing, men­tor­ship, coach­ing, me­dia ex­po­sure, and great net­work­ing op­por­tu­ni­ties.

The win­ning startup, Telp is a tu­tor mar­ket­place with high qual­ity, vet­ted tu­tors, de­signed for busy par­ents that seek con­ti­nu­ity in tu­tor­ing ser­vices through weekly lessons. Dur­ing the pi­lot launch, more than 9,000 hours of tu­tor­ing were con­ducted worth over $182,000.

Among the win­ners of the vir­tual Arab Startup Com­pe­ti­tion was the Saudi plat­form Telp, founders of which went home with a mon­e­tary prize and sev­eral op­por­tu­ni­ties for growth.

We are devel­op­ing the in­fra­struc­ture needed for the cur­rent pe­riod, which has seen an in­creas­ing de­mand on pharma and med­i­cal equip­ment car­goes. Omar Hariri CEO of Saudi Ara­bian Lo­gis­tics

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