The MIT Enterprise Forum of the Pan Arab Region forms part of a group of 28 global chapters of the MIT Enterprise Forum Global.
Libya's ENJAZI Startup Competition winners.
"Although this is a local contest confined to Libyans, we consider it to be one of the main competitions organized by the MIT Enterprise Forum Pan Arab. The importance of this competition lies in having the participants visit Beirut, benefiting from its entrepreneurial ecosystem. This in turn underscores Lebanon as a key hub for the "entrepreneurial scene" in the region as well as an advocate for entrepreneurs. During the final event, the participants met a number of Lebanese entrepreneurs and benefitted from a panel discussion that tackled the future of entrepreneurship in Libya," said Hala Fadel, Chairperson at MIT Enterprise Forum Pan Arab.
The ENJAZI Startup Competition wants to empower entrepreneurs and startups in Libya by helping them evolve their projects to more advanced stages. Three winning teams Lisan, Yummy, and Sinbad were selected in recognition of their unique entrepreneurial projects.
Team Lisan addressed problems faced by the mute/deaf community in the Arab world creating a solution that allows them to have face to face communication with non-sign language speakers. Team Yummy presented an application that consolidates all of Libya's Restaurants and food providers on one comprehensive platform through which consumers can browse, rate and order. As for Sinbad, they created a hybrid game (online and offline) that constitutes a powerful interactive space that teaches the basics of entrepreneurship in a simplified and entertaining format.
Dr. Khaled Mufti, CEO of Tatweer Research, which was also a partner and helped organize the ENJAZI Startup Competition in Libya, praised the importance of having such a competition and the role that it plays in enhancing and diversifying the economy in Libya. Dr. Mufti emphasized that the competition plays a fundamental role in supporting the knowledge economy and encouraging the private sector in the long term by providing value added jobs and establishing an ambitious generation capable of innovation.
"We are delighted to be partners and supporters of this first-of-its-kind competition in Libya, which is perfectly in line with our goals: Fostering a new Knowledge Economy, nurturing the brightest young minds in Libya and incubating the ideas of ambitious homegrown entrepreneurs," said Dr. Mufti.
The three winning teams were also given the opportunity to visit London Tech City and Cambridge Science Park.