April 29th marks the finale of the GCC Pitch Challenge Final, organised by our fantastic partner Startup MENA. 12 Gulf-based startups will be pitching to the judges with two from each GCC country. The GCC Pitch Challenge final follows an extensive search across the region to find the top up-and-coming startups. 200 applications were received and Startup MENA held a mammoth 18 events in 2 months! It’s further evidence that the GCC startup ecosystem is rapidly evolving and expanding, which only makes WOMENA more excited to be working in this space.
The prizes are very valuable too and will be very important to any startup at this stage. The winner will receive €20,000, as well as two tickets to the Pioneers Festival in Austria and a pitching spot at the MENA Angel Summit in Bahrain. This is on top of €300,000 worth of deals at Podio and f6s and being fast tracked to a Startupbootcamp accelerator in Europe. All in all a substantial prize!
The EU-GCC Initiative is funded by the European Commission and run by a consortium of partners consisting of the Confederation of Danish Industry, the Federation of GCC Chambers, Business Europe, and VentureScout. Abdulrahim Naqi, Secretary General of the Federation of GCC Chambers said, “The GCC Pitch Finals will open doors for the young entrepreneurs from the GCC to make know their inventions and have the chance to be mentored from elite Companies from Europe, and win considerable amount of funds to kick off start their dream Business in the GCC region”.