Mentorship sessions begin for MITEF Saudi Startup competition

Mentorship sessions begin for MITEF Saudi Startup competition
The mentorship program focuses on a range of topics pertinent to any individual or company seeking to begin a business.
Updated 14 February 2018
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Mentorship sessions begin for MITEF Saudi Startup competition

Mentorship sessions begin for MITEF Saudi Startup competition

Mentorship sessions under the guidance of selected consultants and mentors for the MITEF Saudi Startup competition are underway across the Kingdom.
In partnership with Olou, the permanent partner for guidance and consulting for the competition, the first session was in Riyadh and hosted by Dulani Business Center, one of the key Social Development Bank programs, supporting and advising the 45 teams who have qualified for the first stage of the competition.
Following the Riyadh leg of the orientation, the program moved on to the Abdul Latif Jameel Center for Continuous Learning in Jeddah and will go to the Aramco Center for Entrepreneurship in Dammam on Feb. 19 to continue supporting entrants.
The program focuses on a range of topics pertinent to any individual or company seeking to begin a business. Each team has been provided with mentors and guides specializing in all aspects of entrepreneurship and covering topics including the art of brainstorming, how to design business models, customer discovery, and marketing and financing. Entrepreneurs also study unique business models and inspiring entrepreneurship stories.
“Olou is happy for the ongoing partnership with MITEF Saudi Startup competition and Bab Rizq Jameel; we also thank all the mentors who volunteered their time and great experience to mentor and guide the entrepreneurs,” said CEO Faris Alshareef. “Olou’s main mission is to develop people to be more successful whether as individuals, as a part of a corporation, or part of an organization ... This phase of the MITEF Saudi Startup competition is very important as it helps prepare the entrants for what is to come, and hopefully increases their chances of excelling and advancing to the next phase of the competition, winning over the judges, and succeeding long after the competition has ended,” Alshareef added.
Mohammed Yahia Hakami, executive director, international operations and business development at Community Jameel, said: “We thank Olou for continued support, and recognize its commitment to the MITEF Saudi Startup competition in providing access to its network of consultants and mentors. One of Olou’s guiding principles is its commitment to building the capacity and understanding of entrepreneurs, by teaching concepts and mechanisms that are vital to the development of individuals and startups, and encouraging the application of concepts important to professional development.”