Yahoo!'s Egypt entrepreneur contest to start


DUBAI - Yahoo! will launch an online competition on June 28 with the help of an Egyptain non-profit to foster social entrepreneurship among young Egyptians.

Yahoo!, keen to expand in the Arab world with its recent acquisition of Maktoob.com, said on Thursday it would invite individuals from across Egypt to be the next social entrepreneurs of the year by developing new ideas that have a positive impact on the lives of Egyptians in the categories of education, health, environment and a wildcard category.

Yahoo! had announced in April that it planned to spend $500,000 on the online initiative in collaboration with Nahdet El Mahrousa (Renaissance of Egypt).

Egypt has the Arab World’s largest internet population with 16.5 million users.

The competition is open to entrepreneurs aged 21 to 35, Yahoo! said, adding that about $250,000 will be awarded as grants to the winners.

 

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