Running for the first time in Saudi Arabia, the MIT Enterprise Forum Saudi Arabia, the new chapter of the global network – MIT Enterprise Forum Global, in partnership with Bab Rizq Jameel (BRJ), part of Community Jameel, is accepting applications for the MITEF Saudi Competition.

The competition focuses on attracting high potential social and business startups and ideas in all social and business fields. The deadline for submitting applications is Nov. 15, 2015. Entrepreneurs of all ages, and across a range of industries, can apply to one of two available tracks: Ideas and Startups.

To be considered, the project submitted must be innovative, have the potential for scalability, and must have a positive impact on the community. Teams must consist of at least two members and include at least one Saudi national.

Commenting on the competition, Hashem Daghestani, The MITEF Saudi Arabia Competition Country Lead, said: “Saudi-based entrepreneurs will receive local and international exposure and recognition through MIT Enterprise Forum Global, as well as through MIT Technology Review, a media company wholly owned by MIT.

“The finalists of the MITEF Saudi Arabia Competition will have the opportunity to participate at the Startsmart conference, which will be held on Jan. 16, 2016, and where winners will be announced.

Furthermore, as a part of the MITEF Pan Arab Region, these winners will be invited to participate in the 9th MIT Enterprise Forum Arab Startup Competition.” SR220,000 worth of cash prizes are at stake, in addition to workshops and mentor assistance throughout the competition.

MIT Enterprise Forum (MITEF) Saudi Arabia is part of a global network of chapters dedicated to the promotion of entrepreneurship and innovation worldwide. The chapters inform, connect, and coach technology entrepreneurs — enabling them to rapidly transform ideas into world-changing companies.

Founded in 2015 with the goal of promoting and enriching the entrepreneurship ecosystem in Saudi Arabia, MITEF Saudi Arabia aims to celebrate and support all potential startups and entrepreneurs in the Kingdom through the Startups and Ideas Competition.

Entrepreneurs are invited to apply to the competition for their chance to gain access to invaluable mentorship, mingle with high-profile global and regional speakers, meet future partners, or win a cash prize. For more information, visit https://startsmart.devpress.net/.