We are happy to announce our AUB President’s Innovation Challenge 2022 winners who qualified to join our Talal and Madiha Zein AUB Innovation Park incubation program!
🥇1st prize of $30,000 went to Nadeera who pitched their idea about leveraging technology to change people’s behaviors to sort better and recycle more.
🥈2nd prize of $15,000 went to Neural Vision who pitched their idea about introducing Artificial Intelligence on eye imaging.
🏅The Chinyeh Hostler Award for Social Innovation went to HolexP who pitched their idea about AI usage to democratize programming hardware.
🏅People’s Choice Award went to uPaint who pitched their idea about their kit allowing anyone to paint ready-made or customized Artwork through numbers.
More than ever people believe to today in the collective momentum of global citizenship. Whether by building skills, sharing knowledge, creating job opportunities, building synergies, or reducing inequalities. There are parts of the world where gender oppression is significant. Can you create a solution that breaks the gender gap or empowers disadvantaged capabilities? Can you empower individuals’ capacity to trade independently from political and economic instability? Do you have a mental health solution that could reduce psychological challenges and convert people’s states from problematic to social and economic power? Can you deploy new technologies to prevent data abuse and protect human rights?
🏆 Second Place Prize: 15,000 USD
🏆 The Chinyeh Hostler Award For Social Innovation: 10,000 USD
For the first time this year, we will be awarding 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.
All winners receive admission to the Zein AUB iPark Incubation Program
✔ Teams who are either part of AUB’s community or have members from AUB, including undergraduate students, graduate students, alumni, staff or faculty members.
✔ Have the needed set of skills that covers technical and business aspects.
✔ Have the intention and capacity to grow the idea into a sustainable or transferable state.
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 firstname.lastname@example.org with subject “PIC 2022: Team Member Search”
In order to ensure optimal impact of the financial prize, startups that already have outweighing funding will fall a second priority in case of equal ranking in the finals. In such case, finalists qualify for the Incubation or Support Program offered by Zein AUB iPark.
- Value Proposition & Impact Potential: Is the proposed solution answering a real need for well-defined customer segments? Can it have a considerable impact on people’s lives?
- Innovation: Is the product or service innovative from a technical, business, or process standpoint?
- Team: Does the team contain the right set of skills? Are they available/committed to work on the startup?
- Traction: Has the team validated the product market fit? Have they demonstrated progress in implementing their idea?
- Business Model: Does the proposed solution have the potential to develop a straight-forward business model that is scalable and financially sustainable?