What is PITME™ Labs?

There is a huge amount of entrepreneurial talent in the Middle East. The region’s founder spirit comes out of hunger for disruptive, political, social, and economic change. Belief that technological innovations are the long-awaited answer to many problems in the Middle East has resulted in the uprising of a bottom-up entrepreneurship ecosystem. This ecosystem is succeeding in spite of government failures, societal influences, poverty, and lack of resources.

In recent years, the media has conveyed generally negative sentiments on areas of political unrest, economic risks, and infrastructure. This has created a need for supportive organizations whose goal is to uphold the entrepreneurs and developers who have been ignored. PITME™ was born to showcase the Middle East Tech Talent, founder energy, local & regional incubation programs and funds that should not be missed by Silicon Valley thought leaders, VCs and funds. Our goal is to provide traction for local and regional entrepreneurs through acceleration programs, creating the needed exposure and revenue to equip them to rise as the next generation of tech stars on top of the global entrepreneurship scene.

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PITME™ Labs is a month long stay in the valley where Middle Eastern startup teams will be immersed in the successful formula of the valley. Teams will receive expert training on all aspects of their business, including product development, UX/UI design, marketing, business modeling, the latest customer acquisition strategies, funding, and much more.

Everyday a minimum of three mentors will engage with them to guide them through their entrepreneurial journey to be able to increase revenue, grow their companies, raise more money and better manage long-term partner relations.

 

Who Should Apply?

Growth stage startups, which are past the seed funding stage, are encouraged to apply. PITME’s idea is to accelerate teams, from the region that have already gone through a local program and have some traction, a product, and potentially some revenue.

These teams are seeking a Silicon Valley experience to learn how to build a better business, gain inspiration from The Valley’s unique ecosystem, and get introduced to our extensive network of mentors and advisors. Doors will open for our alumni as potential board members, respected business advisors or even potential acquirers of companies from the Middle East region.

How long is PITME™ Labs and where is it located? PITME™ Labs is a month long stay in San Francisco where Middle Eastern startup teams will be immersed in the successful formula of The Valley. Apply Now!

 

What will the teams receive through the PITME™ Labs experience?

Accommodation: PITME™ will provide housing in the heart of the Bay Area allowing teams to experience The Valley. Teams are comfortably housed in San Francisco’s Financial District directly above the co-working space where they will be working and meeting with mentors.

 

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Co-working Spaces: Silicon Valley is known for being the innovation hub of the world because of its collaborative culture in regards to business ideas and the skillful execution of companies in the area at scaling and growing their operations. Emerging from a desire for camaraderie among budding entrepreneurs seeking atypical working environments, co-working spaces have become a powerful trend for the up and coming generation of tech leaders. Instead of housing only the employees from the same corporation, co-working spaces offer a communal office environment with opportunities for networking and lead generation.

Teams will get the opportunity to work and network in The Valley’s popular co-working spaces like Connections SF, Rocket-space, Runway, Next Space, and Nest GSV. We guarantee that these types of knowledge sharing communities can spark innovation and breed a new level of products.

coworkingMentoring: We want to share our vast network of successful Silicon Valley entrepreneurs, angels, investors, techies, and product professionals. We have experienced mentors who have committed to 2-3 hours of team mentorship on everything from product, UX/UI design, customer acquisition strategies, and funding advice to business growth and scalability. Check out the list of Mentors we have lined up for you.

Acceleration Workshops: The PITME™ Labs program is designed around a loose curriculum of topics that enable participating teams to be the next generation of market leaders in their respective markets. Topics include product front-end / back-end techniques, business model and revenue planning, cost efficiency tactics, customer acquisition strategies, investment options, funding and much more.

Networking Events: Networking events are an integral part of doing business in the Bay Area. The PITME™ experience promises companies maximum exposure to key stakeholders in The Valley over their month long stay. Attendance at conferences and meet-ups are a great way to build the connections and networks that will then turn into successful business partnerships and relations. Our teams will get access to a number of top startup events, networking opportunities and conferences and our program will include discounted and free tickets for popular these events.

 

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PITME Office Hours: Participating teams will have access to consultation hours from PITME™ team members in regards to every aspect of their business. We are here to support growth and to provide our teams with the best possible experience.

Media Partnerships: PITME™ has built successful media partnerships that will be showcasing the Middle Eastern talent we are bringing to The Valley. We will be providing our teams with the chance to reach an American audience through regional and national news channels.

PITMECatalyst: PITME™ will be hosting a startup conference startup conference and pitch day to showcase Middle Eastern Entrepreneurial Talent, which will be taking place on February 13th, 2013 in the heart of Silicon Valley.

After a month of receiving intensive mentorship and workshops, PITME™ Lab participants will pitch their companies in front of the audience. The conference brings together top influencers, global entrepreneurs, venture capitalists, and technologists from both the Middle East and Silicon Valley focused on bridging the two regions. We expect over 500 attendees, including representatives from major Global 500 entities such as Google, RIM, Microsoft, Intel, VISA, and American Express among others.

What is different about PITME™ Labs?: The PITME™ Labs is designed to be an accelerator of accelerators. There are many great programs in the Middle East that do an excellent job of getting the ball rolling. We are here to be the next stage and bridge a connection to Silicon Valley. The goal of our program is to mentor, educate, and provide the resources necessary for building a successful business. Our dream is to spark a flow of education and mentorship that will have a trickle effect throughout the eco-system in the Middle East and inspire more entrepreneurs to start their businesses.