Zain Iraq announces that two teams from Iraq have qualified for the final stages of the MIT Enterprise Forum Pan Arab competition for best start-up innovative and creative business ideas in the Arab world among 75 contesting teams from 15 Arab countries. The competition final winner’s ceremony will be held at the Symphony Style Hotel, Kuwait on April 20, 2015.
Earlier this year, Zain Group detailed its partnership joining founding partner Abdul Latif Jameel Community Initiatives in the eighth edition of this year's competition that received an outstanding 4,275 individual and team applications (representing a record participation of over 12,000 entrepreneurs) from 21 Arab countries. The three tracks that entrants applied for are: Ideas, Startups, and Social Entrepreneurship.
The two Iraqi innovative start-up teams that are competing to make it on the winner’s podium:
i-mimic: a solution to solve the problem of the complexity of motion capture. It is the technique used to move 3D characters through a suit worn by the person doing the act; through which he can control the 3D character, and is recorded in the suit’s software in a movement file format and then it will be exported to 3D design programs. Thus there is no need for using any special software or software additions and without the need for movement recording sessions since it works in real time.
Journal: An online text editor that creates context quickly and concisely. The text editor platform is mainly divided into two spaces, one for typing and the other for context. As the writer types in a word or more than one word that constitutes an entity, the application takes it and runs language detection APIs behind the scenes to give context to that word or entity. These APIs search for organized information about the typed words in big knowledge bases, such as Freebase and Debepedia, which are already prepared to be used by these APIs.
During a workshop to be held in Kuwait from April 16 to April 20, the 75 teams will undergo for a four-day intensive training session in order to receive further instruction on start-ups from trainers from Silicon Valley in order to achieve specific deliverables in the track they are participating in. The sessions will also extend to additional coaching and networking sessions with the business community in Kuwait, as well as regional and international participants.
On the evening of April 19, 10 finalists will be announced from each track, while on the 20th the short-listed teams will be offered an opportunity to pitch their ideas to a panel of investors and successful entrepreneurs before the ultimate winners are selected.
Three teams from each track will be declared winners during the final awards ceremony on April 20, which will coincide with the official opening of the eighth MIT Pan Arab two–day Conference organized by MIT Arab Alumni Association and MITEF Pan Arab. Each of the Ideas, Startups, and Social Entrepreneurship tracks will award the first three ranked winners with cash prizes in addition to a lot of other benefits including top tier training, mentorship, coaching, media exposure, and great networking opportunities.
Worth saying that the winner in each of the three categories will obtain a financial prize in addition to more privileges like a high-quality training, media support and an opportunity to communicate with the business world.