Social Entrepreneurship Track

Social Entrepreneurship Track

For Social Entrepreneurs

Eligibility Criteria for the Social Entrepreneurship Track

• Each team should have at least two members
• As we are targeting startup stage social enterprises, your startup must be registered as a social enterprise
• Your startup can be either for-profit or not-for-profit
• Your core product or service must address a social problem targeting marginalised or disadvantaged individuals
• Your social enterprise can be in ANY industry

Judging Criteria

Innovation: Judges will assess the novelty of the product or service that you are offering to tackle a social problem
Scalability: Your social enterprise should not be limited to a local market. At a minimum, a nationwide market should be targeted. Preferably, the model should be easy to replicate regionally or globally as the social enterprise expands.
Social Impact: Judges will assess the extent to which your project benefits the community
Financial Sustainability: Judges will look at how your social enterprise maintains its financial sustainability in the long term (this applies to both for-profit and non-for-profit social enterprises)

Selection of Semifinalists

20 teams of the Social Entrepreneurship Track will be shortlisted for the second round of the competition.

Teams are expected to work on and submit specific deliverables prior to the workshop and conference. Qualified teams are not required to pay a participation fee for any of the workshop or conference. Each of the participants is expected to pay for their own flight ticket. The MIT Enterprise Forum Pan Arab will be paying all other expenses for up to two members per team, including accomodation, lunch and coffee breaks, ground transportation to and from the event venue. Other members attending the event can benefit from our special rates.

Prizes

Judges will selected three winning teams that will receive cash prizes: $50K for first place, $10K for second place, and $5K for third place. Beside prize money, all qualifying teams would be benefiting from top tier training, coaching, mentorship, and great networking opportunities.

For more info about the Application Form, Selection of the qualifying/winning teams, and the disbursement of prizes, please carefully read the Terms & Conditions.