SOURCE: PITME

PITME

August 21, 2012 07:30 ET

PITME Launches -- Connecting the Middle East With Silicon Valley

Community Turbo-Charging Innovation and Revenue for the Most Exciting Startups in the Middle East

REDWOOD CITY, CA--(Marketwire - Aug 21, 2012) -

Core News Facts:

  • PITME (Progress in Technology Middle East) today announced the official launch of its global community, fostering tech innovation in the Middle East by helping Middle Eastern entrepreneurs with strong product traction get to the next stage of growth.
  • Aiming to be the bridge for Middle Eastern startups and global markets, PITME determines what startups need to achieve success and works closely with these companies to help reach these goals.
  • PITME is creating an ecosystem that provides resources and council to Middle Eastern entrepreneurs and innovators. PITME will help:
    • Identify the best tech stars and startups in the Middle East, helping these companies gain global visibility and traction.
    • Incubate revenue through business development, pushing forward deals, partnerships and acquisitions.
    • Advance product development by connecting PITME startups to its trusted Council, PITME can help with product direction, innovation, marketing, etc.
  • PITME leverages its strategic business relationships and has created a Council to help startups generate revenue and build long lasting buzz for their products.
  • PITME Council members include: Arad Rostampour, co-founder of Social Shield; Brian Wong, founder and CEO of kiip; Kavan Baroumand, founder and CEO of NestGSV; Ken Rutkowski, host of Business Rockstars; Mona DeFrawi, founder and CEO of Equidity; Torsten Kolind, CTO of YouNoodle.
  • Council members are hand-picked, work with the best companies in Silicon Valley and have a personal passion for helping Middle East innovators.
  • Once PITME builds the necessary relationships for the startup, the company returns to the Middle East to continue building its business.
  • PITME currently works with more than 25 companies, all in different company stages and in different parts of the Middle East. Some noteworthy companies include:
    • Dermandar, the company behind the number two photo app in the AppStore, DMD panoramic, based in Lebanon.
    • KNGINE, a mobile digital assistant that uses voice commands, based in Egypt.
    • Prayer Garden, an app that gamifies prayer, based in Lebanon.
  • PITME will also be hosting Catalyst, a new and ground-breaking conference in Dubai later this year. Catalyst will:
    • Bring together entrepreneurs, startups, investors and thought leaders from both the United States and Middle East.
    • Promote creative and collaboration via various workshops, a hackathon and two unique pitch competitions.
  • For more information on PITME, visit http://www.pitme.com and for more on Catalyst, visit http://www.pitmecatalyst.com.

Quotes:
Nima Adelkhani, CEO and founder of PITME
"Silicon Valley offers startups a chance at success, and our mission is to give Middle Eastern startups these same opportunities. Our focus is to work with companies that already have a proven model but are disconnected from the proper resources due to culture, language and geography."

Elie-Gregoire Khoury, co-founder of DMD
"PITME has opened doors for my company in the U.S. and we couldn't be happier with the connections we've made in the past couple months. We're looking forward to continuing our growth and seeing what we can accomplish together in the months ahead."

About PITME:
PITME (Progress in Technology Middle East) is a global community fostering the advancement of Middle Eastern tech innovation by helping entrepreneurs with strong products and traction get to the next stage of growth. Aiming to be the bridge between Middle Eastern startups and global markets, PITME created an ecosystem focused on providing resources and council to entrepreneurs and innovators. It is the catalyst for innovation in the Middle East, incubating not only innovative companies but revenue as well. PITME was founded by Nima Adelkhani in 2012 and is based in Redwood City, Calif.

Contact Information

  • Meredith Klee
    Inner Circle Labs for PITME
    Email Contact
    415-684-9407