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Tomorrow, December 3, 2013, ten of the most promising startups in Saudi Arabia and the Arab world will take the stage during ArabNet Riyadh 2013  to showcase their products and services and expose their talents in front of a large audience of investors, industry leaders, digital experts, and influential people.

A panel of judges will evaluate the pitches to select the top 3 startups, who will be awarded the 'PITME Labs Middle East Impact & Ingenuity Award.' This prestigious award will grant the winners a chance to travel to Silicon Valley and partake in the PITME Labs program!

PITME Labs places up-and-coming startups in contact with over 100 mentors, including product managers from Twitter, CTOs from big companies, and many other technical people who will help enrolled companies improve their overall product quality.

The first place winner at ArabNet Riyadh’s Startup Demo competition will be granted a full scholarship to be part of PITME Labs, valued at $10,000, which includes everything—accommodation in Silicon Valley, transportation, meals, event tickets, and coworking space—except flight costs.

The second place winner will be awarded a partial scholarship valued at $5000 USD; and the third place winner will win a partial scholarship valued at $2500 USD.

The aim of the award is to help the winning entrepreneurs with their market endeavor and provide mentorship opportunities in areas like product development, business development & marketing. PITME provides support in these areas through access to PITME's expert and vast network in Silicon Valley. 

The scholarship is valid all throughout 2014.  

Disclaimer: This award cannot be exchanged for cash nor can it be transferred to other people.