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UAE Team in Final Round for MIT Business Prize


Dubai, UAE : 01 June 2010

The final round of the prestigious Massachusetts Institute of Technology Arab Business Plan competition will feature a UAE business team. 

Vastry, which is a dedicated search engine that connects online advertisers and publishers, has found its way to the final rounds after the competition saw thirteen Arab countries submit a staggering 1,852 entries.

Hala Fadel, MIT Enterprise Forum Chair (Pan Arab region) said that applications had been not only diverse, but professional in nature and were an example of ‘real business innovation’ in the young Arab population.

The winners will get their hands on $50,000 to grow their company from seed, but might have to spend it wisely, as the other part of the prize is mentoring support from leading members of the business community.

Andrew Reid, Staff Writer, Gulf Jobs Market News
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