Registration open for 4th MITEF Saudi Startup Competition

Updated 04 October 2018
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Registration open for 4th MITEF Saudi Startup Competition

The Massachusetts Institute of Technology (MIT) Enterprise Forum Saudi Arabia, a chapter of the MIT Enterprise Forum (MITEF) Global in collaboration with Bab Rizq Jameel, the Community Jameel Initiative, has announced that registration is open for its fourth annual Saudi Startup Competition. 

This year’s edition will be held under the slogan “Challenge Yourself” and aims to nurture entrepreneurship and stimulate entrepreneurs in the Kingdom to contribute effectively to achieving the goals of Saudi Vision 2030.

Registration for the fourth edition of the competition opened on Sept. 24 and will continue until Dec. 25. Saudi and non-Saudi entrepreneurs from all age groups and business sectors may apply through the competition website, in one of the three categories: Ideas Track, Startup Track and Social Enterprise Track. The Ideas Track aims to help creative and scalable ideas with the potential by offering effective business and social solutions.

The Startup Track targets registered companies which have impact, have experienced teams and are scalable. The Social Enterprise Track, in collaboration with the King Khalid Foundation, recognizes successful social enterprises.

Speaking on the opening of registration, Fady Jameel, president of Community Jameel International, said: “We are eagerly awaiting the new edition of the MITEF Saudi Startup Competition and the upcoming group of Saudi entrepreneurs and talent. This event provides knowledge, networking and training for entrepreneurs. We invite all Saudis with creative ideas or enterprises to register in the competition to receive mentoring, meet high-profile speakers from the region and beyond, network with potential partners and win one of the cash prizes.”

He said: “This competition will challenge the fears that entrepreneurs have when they begin to make their dreams come true by starting up or expanding their businesses.”

Winners will receive funding of SR325,000 ($86,679). In addition, the participants will engage in workshops, training and mentoring sessions presented by business and social enterprise leaders. The nine winning teams will be invited to a further training course and to participate in the 12th MITEF Arab Startup Competition.

 


CMRC admits first patients to new Saudi clinic

Updated 21 May 2019
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CMRC admits first patients to new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia. 

CMRC’s new 60-bed clinic, located between Dhahran and Alkhobar, aims to help patients requiring post-acute care and rehabilitation services to make large improvements in their quality of life through multidisciplinary rehabilitative therapies including physiatry, physiotherapy, occupational therapy, speech and language therapy, and multi-sensory room sessions. 

The facility is staffed by multiple clinical experts including GPs, internal medicine consultants, pediatricians, ICU intensivists, rehabilitation consultants, psychologists and therapists, and will service patients across the eastern region of Saudi Arabia. 

It follows the same clinical procedures and protocols successfully implemented in facilities in the UAE, similarly benefiting from the center’s international partnership with the Spaulding Rehabilitation Network, a teaching affiliate of Harvard Medical School, and accreditations from Joint Commission International, CARF and Planetree.

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CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

CMRC Group CEO Dr. Howard S. Podolsky said: “We expand into countries where there is notable demand for post-acute care and rehabilitation services. Like many countries around the world, Saudi Arabia is experiencing a rise in the incidence of non-communicable diseases, birth defects, and life-threatening injuries. Our new facility brings our world-class medical treatment, care, and rehabilitation therapies to the Kingdom through a truly patient-centric approach.”

He added: “We look forward to helping families in the region improve their quality of life and using our international expertise and specialized workforce to support the government of Saudi Arabia’s focus on health care development, as part of Saudi Vision 2030.” 

CMRC, a portfolio company of health care specialist investor TVM Capital Healthcare, also operates facilities in Abu Dhabi and Al-Ain in the UAE.

Dr. Helmut Schuehsler, CEO of TVM Capital Healthcare and board member of CMRC, said: “We believe that private equity investment should be a force for good, and that by working in health care, we have a real opportunity to make a difference to patients’ lives. Therefore, we conceptualized and invested in CMRC in the UAE to cater to those in need of post-acute care and an elevated level of rehabilitation. CMRC grew to be the leading post-acute care and rehabilitation provider in the UAE. We are very happy to bring the offer to the people of Saudi Arabia now.”

CMRC offers both inpatient services at its medical centers and outpatient therapy, where patients follow a rehabilitation program after discharge. The company employs more than 500 staff members across all facilities.