BUSINESS

Nine Saudi teams participating in Arab Startup Competition in Oman

MITEF Saudi Award ceremony
JEDDAH — The nine winners of the MITEF Saudi Startup Competition are participating in the 11th Arab Startup Competition at the Oman Convention and Exhibition Centre. The competition is in partnership with the founding partner Community Jameel, and in collaboration with strategic partners Riyada, Omantel, and Zain Group as a digital partner. The Competition will culminate in a two-day event on April 1 -19, 2018 in Oman, with the announcement of this year’s winners, set to take place during the final award ceremony. The participating Saudi teams are Quantum Solutions, Avokado and Ironix winners of the startup track. Labayh, Aquaponica, and Blooming Bs from the social enterprise track, and Duleb, Cucumber, and Qisma from the ideas track. This year’s edition of the Saudi Startup Competition received more than 5,300 applications. The 11th Arab Startup Competition is yet another annual competition that celebrates Arab innovators, who see it as a platform to showcase, test and develop their creative ideas and skills. Cash prizes exceeding $160,000 will be distributed among the nine lucky winners, three per track. Beyond the cash prizes, all 84 semifinalists will benefit from advanced training sessions, personal mentorship and guidance, as well as media visibility, and excellent networking opportunities. — SG