WeMENA is a business model challenge that awards cash prizes, and offers mentoring, training, and creates potential investment opportunities in women entrepreneurs in the Middle East and North Africa region.We aim to accelerate these business by serving as a connector between private sector investors, university instructors, and global mentors for the women who participate.
The World Bank believes that it can play a significant role in fostering innovative ways to build more resilient cities, and stronger communities.
The WeMENA Business Model competition attracts women who are seeking investment and support to accelerate their idea or solution into the market. This competition is open to women participating as individuals, as teams, or on behalf of a legal entity. Participants applying on behalf of the legal entity must prove they have partial or full ownership of the business model they propose.Applicants from around the world may participate, but the solutions proposed must use principles of resilience-thinking and must address issues in the following cities:, Alexandria, Amman, Beirut, Byblos, Cairo, Casablanca, Ramallah or Tunis.We don’t limit the contest, so don’t limit your ideas. However, give some thought to what you think will have the best chance to win, so pay attention to how the ideas are judged.
There is no cost to submit a venture, but participants will have to cover their travel costs to the Grand Finale in Casablanca, Morocco.
Market opportunity and feasibility
Likelihood of long-term success and growth
Disruptive and Uniqueness
Impact and Resilience Proposition
No. When participants submit their business ventures, they are not transferring ownership to WeMENA. Participants still own their idea or solution, and they can continue to use it for any purpose, either independently, or in partnership for others. We are here to work with you to make your venture successful, but it’s still your venture, requiring your inspiration and hard work, so of course you should still own it!
Winners will be awarded cash prizes to implement, expand, and improve their ventures. Judges will select top winners to receive a share of the $150,000 USD in cash prizes.However, the cash prizes aren’t all that winners receive. Along with the cash prizes, winners also get the opportunity for mentoring with industry experts, connect to other entrepreneurs in the region, to receive training from leading universities, and to participate in the Grand Finale in Casablanca!
The judges will include experts in resilience, entrepreneurs from the region and from abroad, and industry experts.The judging panels are typically designed to ensure there are subject matter experts on the judges panel who generally reflect aspects of the submitted entries. We will announce the judging panel once judging starts.
The World Bank does not and will not make any investment in the participating ventures. However, the World Bank will bring investors to the Grand Finale where opportunities for equity investment into participating ventures may arise.
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No, applicants from anywhere around the world can participate in the WeMENA competition, as long as their proposed solution targets building resilience in one or more of the following cities:, Alexandria, Amman, Beirut, Byblos, Cairo, Casablanca, Ramallah or Tunis. There is no nationality requirement for the WeMENA competition.
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