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More than 130 entrepreneurial teams from 14 MENA economies participated in the 2010 MENA 100 Business Plan Competition. 12 of them were selected as finalists to attend a special coaching session and the MENA 100 Day in Manama, Bahrain on 10 November 2010. The winners of the 2010 competition were:
- First prize (USD 25 thousand): Learning Arabia, from Jordan. An innovative venture providing online services allowing teachers to connect with students on a one-to-one basis or a one-to-many basis.
- Second prize (USD 10 thousand): Fascila Limited, from Egypt. A start-up specialised in designing wireless automation systems targeted at a wide number of applications such as energy management and utilities, education, intelligent traffic systems, health care, etc.
- Third prize (USD 5 thousand): Vastry, from the UAE. A web-based venture enabling online publishers to effectively communicate their advertisements’ profile with advertisers.
Special mention for the best “elevator pitch”: Arabiccoach, from Yemen. An online platform that will connect teachers from the Middle East with students who want to learn Arabic online in a fully interactive experience.
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During the final event and in parallel to the presentations, finalists had the opportunity to connect with sources of finance such as the Bahrain Development Bank, Family Bank, Tenmou (the Bahraini Business Angels Company) and potential investors from the MENA region.
Documents and links
MENA 100 Website
MENA 100 Business Plan Competition, background information
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