Egypt’s Praxilabs to represent TiE Dubai in global TiE Women Finale in January 2021
TiE Dubai has named Egypt’s Praxilabs as the winner of the TiE Women initiative from the Middle East and North Africa (MENA) region. The three runners-up were Bridge.Outsource.Transform (B.O.T), MonkiBox and Habaybna companies. Praxilabs, a solution provider that makes virtual science labs accessible, usable, and affordable for educational institutions and schools, will represent TiE Dubai at the TiE Women Global Finale in January 2021 and will compete with the other finalists from across the globe for a chance to win $100,000, access to dedicated mentoring along with investor support, and other valuable prizes.
With more than 100 applications received for the first time from across the MENA region, TiE Women aims to provide budding women entrepreneurs with a platform to collaborate, get professional support as well as mentorship.
The nominations were reviewed by a jury of renowned experts and successful entrepreneurs from within the TiE Dubai network. Twelve applicants were shortlisted to present at the regional finals event when they pitched online in front of a prestigious panel of judges that included Muna Al Gurg, Director Retail, Easa Saleh Al Gurg Group; Amal Dokhan, CEO, Global Entrepreneurship Network Saudi; Rohit Garg, Head of Business Banking, Neo Biz and Remittances, Mashreq Bank; Dina Osama el-Shenoufy, CIO, Flat6Labs; Piero Ricotti, Managing Director, Tecnosistemi; and Mona Ataya, CEO & Founder, Mumzworld.com.
The judges evaluated the business concepts based on value creation, global market opportunity, competitive advantage, operational and technical viability, management team capability, raise and exit strategy, financial acumen and lastly the presentation strength.
The TiE Women initiative is built on the pillars of TiE Global: learning, mentoring, access to funding, scalability, safe space and community.