People from libya who have dreamt of starting their own businesses and projects one day
Help diversifying the economy of Libya on the long run by providing value adding employment opportunities and creating an ambitious generation capable of developing and creating innovation.
Enjazi competition: the first nation-wide entrepreneurship competition in Libya to empower entrepreneurs with ideas and startups to take their projects to the next level.
The competition’s website is live and accepting applications from April 8th, 2017 until June 1st, 2017. Informative roadshows promoting the competition will be held in Libya and 25-30 semi-finalist teams will be announced on July 14th. The semi-finalists are expected to attend a one-month training in Libya in August, at the end of which 10-15 Finalist teams will be shortlisted.
The shortlisted Finalist teams will attend a two weeks training boot camp with activities scheduled to take place from Nov. 9th, 2017 till Nov. 17th, 2017 in Beirut- Lebanon. The competition will culminate in a Final event on December 15th 2017 in Beirut, with the announcement of the competition winners.
The team takes up a considerable percentage of the total grade. Judges look for experience, value added, and the relevance of each team member to the project.
How well does the product/solution address the problem?
Viability of the business will be highly reliant on the strength of the business model which ensure the financial sustainability on the long run.
The idea must be either new, or represents a marked improvement to an existing solution or a business process. Innovation does not necessarily mean technology.
A business idea or a startup should not be limited to a local market. At a minimum, a nationwide market should be targeted. Preferably, the business should be easy to replicate regionally or globally as the company expands.
25-30 teams will be shortlisted for the training of the competition and will benefit from business training. Qualifying teams are expected to be present and available for 5 weeks of training in Libya. Qualified teams are not required to pay a participation fee.
The 25-30 Semi-Finalist teams will be pitching to jury members who will select 10-15 Finalist teams. Teams will get the opportunity to attend a training in Beirut in November 2017. Finalist teams will benefit from the opportunity to receive top tier training, coaching, networking opportunities, media exposure and a trip to London Tech City and Cambridge Science Park.
The Finalist teams will pitch their projects to a Final Jury on December 14th in Lebanon where they will have 3 minutes to present followed by 5 mins of Q&A. After listening to all the pitches, jury members will deliberate to select winners that will be announced during a Final Award Ceremony in the afternoon of the same day.