PRIZES

This year, for the first time, we will be leveling the playing field with the prizes. The first prize will go to the best and most advanced post-MVP startup, whereas the second prize will go to the entrepreneur with the best startup idea, who wishes to turn their idea from a dream into a reality!

🥇$30,000 for the Advanced Stage startup (post MVP) that demonstrates potential for growth and scalability.

🥈$15,000 for the Best early-stage startup idea that showcases exceptional innovation and promise.

🏅 $10,000 for the Chinyeh Hostler Award for Social Innovation, recognizing an outstanding solution that addresses a pressing social issue.

We will be awarding, for the 2nd year running, the Chinyeh Hostler Award for Social Innovation, which was established with a generous donation from Mrs. Chinyeh Hostler to inspire aspiring entrepreneurs from across Lebanon and the region to learn about real-world challenges and think about how they can use technology to solve these problems. The prize will be given to the team with the best proposal for improving human well-being.

In addition to the monetary prizes, all winners will qualify for admission to the prestigious iPark Incubation and Acceleration Program, providing unparalleled support and resources to further develop and launch their ventures.

The AUB President’s Innovation Challenge 2023 revolves around four dynamic themes, carefully curated to address the latest global trends and challenges. Each theme presents an opportunity for you to unleash your potential, create transformative solutions, and leave an indelible mark on the world.

Who Can Apply? 

The AUB President’s Innovation Challenge 2023 is open to the vibrant and diverse AUBite community. We welcome applications from students, staff members, academics, and alumni who possess the drive, creativity, and passion to make a positive impact on the world through innovative solutions.

To qualify for participation, teams must meet the following criteria:

✔ AUBite Core Team Member: Each team must have at least one core team member who is an AUBite, ensuring that the spirit of our esteemed university is at the heart of the innovation.
✔ Innovative Idea: The proposed solution should be highly innovative, pushing the boundaries of existing technologies and addressing real-world problems. We encourage you to think disruptively and propose groundbreaking ideas that have the potential to revolutionize industries.
✔ Committed Team: A successful venture requires a dedicated and diverse team with complementary skill sets. The ideal team should have members who possess expertise in areas relevant to the proposed solution covering the technical and business skills.

We believe that by fostering this inclusive and diverse environment, we can unleash the full potential of our collective brilliance and drive positive change on a global scale.

We challenge creative minds to think boldly, drawing inspiration from recent global trends and challenges. In a rapidly changing world, we need pioneers who can harness cutting-edge

technologies and industry advancements to tackle the most pressing issues of our time. Join us in the pursuit of a better future, where inclusivity, sustainability, and human-centered innovation are at the forefront.

Innovators who are looking for partners to complete their teams can ask for help from the Zein AUB iPark team by sending an email to zeinaubipark@aub.edu.lb with subject “PIC 2023: Team Member Search”

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