On Friday, November 25, 2011, the Faculty of Business Administration and Economics hosted the MIT Enterprise Forum Arab Business Plan Competition, designed to encourage entrepreneurs in the Arab region, at 12 pm in the Media Center.
Interested students were introduced to the competition, which is now in its fifth year, through an engaging PowerPoint presentation. With the goal of creating successful businesses in the Arab world that have regional and global potential, this competition gathers prospective entrepreneurs from around the region and gives them the chance to network, gain experience and possibly win up to $50,000 to help start up their business.
The presentation included eligibility criteria and ways to apply, as well as guiding students through the whole process that started with a launching ceremony in September and will end with the awards ceremony on June 21, 2012.
Students were then given the chance to hear the personal testimony of Rana El Chemaitely, who won the competition in 2010 for her business plan “The Little Engineer” in Lebanon. Chemaitely shared her positive experiences with the competition, encouraging everyone to apply as it is a great learning experience whether you win or not.
The lecture ended with a Q&A.