The Little Engineer from Lebanon First Winner in MIT Arab Business Plan Competition, BioBusiness Second, Arabic Coach and EG-Bioinformatics Third
The Massachusetts Institute of Technology (MIT) Arab Business Plan Competition, which is the equivalent of MIT 100K Entrepreneurship Competitions in Boston, has today announced this year winners.
The Little Engineer from Lebanon won the first place and 50,000 USD, BioBusiness from Egypt is the first runner-up with a $15,000 prize , while Arabic Coach from Yemen and EG-Bioinformatics from Egypt are named as second runner-ups both received $5000 each in start-up funding. The announcement was made at annual celebration the competition in Cairo this weekend.
The competition went into stages, the the 4 winners where selected from 9 teams that where qualified for the third round of the Competition from the following sectors: Energy, Engineering, Healthcare, Internet, Software and Telecom.
1-The Little Engineer:
The Little Engineer is an after-school edutainment center which introduces kids and teens [age 4-16+] to pre-engineering courses such as robotics, physics, electricity, electronics, renewable energy and more. Students enrolling in one of the offerings will visit the center once per week, for 8 successive sessions closing with a competition. This center guarantees a friendly atmosphere where children can have fun while learning and building skills with the help of qualified staff. The course fee is $200.
Rana El Chemaitelly, General Manager
Albert Shamieh, Marketing Manager
Nadia Alamah, Branch Manager
Marwa Harb, Branch Manager
The solution being developed by BioBusiness for the continuous monitoring of blood glucose is a small product that will fit into a hand- held battery-operated ergonomic shape. The product is comprised of two pieces, the gBracelet is worn anywhere on the arm and is the main measurement sensor which transmits the glucose measurements wirelessly to the gMon hand-held device. The gMon is the main display device. It displays the continuous curve of blood glucose levels, keeps track of the glucose level trends, and produces alarms of current/ predicted glycemic highs or lows.
Islam Badreldin, R&D and Information Manager
Amr Elwakeel, HW Lead Engineer
Mostafa Elwakeel, General Manager
Arabic Coach will enable students to browse teachers’ video based portfolios and schedule virtual teaching sessions with the desired teachers. The online teaching sessions are fully interactive and each teacher can determine his own hourly rate, and Arabic Coach gets 15% of the teachers’ profits. The teachers will be provided with a suggested curriculum, lesson plans, and assessment tools, but they will have the freedom to use their own methods. All teachers will go through a screening session before their profile goes live on our system. Also, we will have a sophisticated teacher rating system to reward high quality teaching methods.
Amad Almsaodi, CEO
Mohamed Almussaabi, COO
Saeed Alfagieh, CTO
EG-Bioinformatics provides software products and services for genomics data management and analysis. Its products include novel software programs for comparative genomics with applications in healthcare, agriculture, and pharmaceuticals. Its services include cloud-based data management and analysis, development of customized solutions on behalf of global customers, and conducting data analysis on behalf of regional customers. The business model is based on ‘pay-per-use’ basis, subscription, or licensing.
Moustafa Ghanem, Chairman & CEO
Mohamed Abouelhoda, CSO
Sameh El-Ansary, CTO
Stage: Prototype ready
And here is the profiles of the 11 teams: