(MENAFN- Muscat Daily) Muscat- The sultanate will host the final award ceremony of the Arab Startup Competition on Thursday, under the patronage of H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry, and chairman of the Board of Directors of the Public Authority for SMEs Development (Riyada).
The 11th edition of the competition will take place on the same day, at the Oman Convention and Exhibition Centre, Hall 2, stated a press release.
MIT Enterprise Forum Pan Arab is organising the event, which is being hosted for the first time in Oman, in partnership with founding partner Community Jameel, and in collaboration with strategic partners Riyada, Omantel and Zain Group, as a digital partner. It is supported by the National Youth Commission and Oman Technology Fund.
Teams from 14 Arab countries have qualified for the finals of MIT Enterprise Forum (MITEF) Arab Startup Competition, which received thousands of applications from across the Arab world.
The semi-finalists hail from 14 Arab countries, as follows: Lebanon (19), Egypt (13), the UAE (8), Saudi Arabia (9), Jordan (7), Palestine (6), Morocco (4), Tunisia (5), Bahrain (2), Sudan (2), Kuwait (1), Qatar (1), Algeria (1) and Oman (1).
The teams applied for three tracks: Ideas, Startups and Social Entrepreneurship. Three winners will be chosen from each of the three tracks, and a total of US$160,000 will be awarded amongst the nine winners.
During the event, the semifinalists will undergo training sessions focused on the art of pitching.
The teams will practice their pitching skills and pitch decks in front of the trainers, and attend sessions on the 'do's and don'ts' of a pitch, communication skills and body language in order to be prepared for their oral presentations.
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