Who Can Participate?
Entrepreneurs who are still at “Idea Stage” can participate in this category.
You do not need a working prototype or a registered company. However, you will need a clear Customer/User acquisition Strategy, a business revenue model and a revenue forecast for 5 years.
Both B2B and B2C ideas are eligible in all sectors.
Fill in the “Idea Stage” Application Form.
Individuals or teams can participate. Maximum of 4 members per team.
Attach a personal Resume for each member of the team.
Applications can be in Arabic or English.
Make sure to submit prior to deadline.
200 applicants from all three stages will be selected in round 2 based on
judging criteria .
The selected semi-finalists will be given access to online courses that will help them improve and strengthen their business plans.
Semi-finalists will have the chance to revise their application and resubmit.
10 Applicants from the “Idea Stage” category will be selected in round 3 based on
judging criteria .
Participants who reach round 3 will be invited to attend a bootcamp that will include workshops, training & coaching sessions.
3 finalists out of 10 will be selected and provided with 1 month of advanced workshops and mentorship sessions to improve their business plans and prepare for their pitch presentations.
The 3 finalists will present a 4-min pitch to a panel of judges to compete for the first, second and third places of the “Idea Stage” category.
The judging panel will convene during the Award Ceremony evening and give their votes for the first, second and third places.
The 3 winners of the “Idea Stage” will be announced and awarded during the Gala Dinner Awards Ceremony.
First Place: $10,000
$5,000 in Cash
$5,000 in In-Kind
Second Place: $5,000
$2,000 in Cash
$3,000 in In-Kind
Third Place: $2,500
$1,000 in Cash
$1,500 in In-Kind Support
Also, all 3 winners will be given access to networking opportunities with potential angel investors.