Launched in 2009, the MENA 100 Business Plan Competition supports and inspires innovative entrepreneurship in the Middle East and North Africa. MENA 100 rewards innovative and feasible business ideas and connects the entrepreneurs behind them with sources of finance and business contacts in MENA and OECD economies. MENA 100 also encourages entrepreneurial spirit by putting regional talent into the spotlight and by exposing outstanding business initiatives.
The MENA 100 Business Plan Competition is co-organised by the MENA-OECD Investment Programme, through the MENA-OECD Enterprise Financing Network and the MENA Centre for Investment, and in partnership with the Islamic Development Bank, the United Nations Industrial Development Organisation and the Bahrain Development Bank.
REASONS TO PARTICIPATE
The MENA 100 Business Plan Competition rewards high potential business ideas with cash and in-kind awards. It also provides a platform for connecting promising MENA entrepreneurs with sources of financing.
The best three teams participating in the competition are awarded cash prizes at the final event. The total prizes to be awarded in the 2011-12 edition will amount to USD40 thousand.
- First prize: US$ 25 000
- Second prize: US$ 10 000
- Third prize: US$ 5 000
Participant entrepreneurs also have the opportunity to meet with financers such as business angels and representatives of financial institutions during the MENA 100 Market Place, which is organised in parallel to the MENA 100 Day. The Market Place also gives an opportunity to establish business contacts with entrepreneurs and business people from the MENA region and from OECD countries.
For MENA entrepreneurs, participating in the MENA 100 Business Plan Competition is not only a chance to obtain financing for their promising ideas (either in the form of awards or in the form of investments from business angels and other financers). It also represents an opportunity to get the advice from business experts in the MENA region and in OECD countries through their mentoring support.
For MENA 100 mentors, jurors and partners the competition provides a unique and hands-on approach to get in direct contact with talented MENA entrepreneurs and to contribute to the promotion of entrepreneurship in the MENA region.