Wamda X - A Grant Based Programme For Founders Of Start-ups

Organisation:  Wamda

Apply By:  20 Jan . 2019

Wamda X - A Grant Based Programme For Founders Of Start-ups

About The Organization:-

Wamda Capital is about investing in transformational businesses and create meaningful partnerships with entrepreneurs. Our experience in launching and growing MENA businesses, together with a community of experts and mentors at the Wamda platform, mean our entrepreneur partners are uniquely placed to realize their vision.

About The Grant : -

Wamda X is a grant-based programme for founders with the aim to safe-route the often financially grueling and solitary path to entrepreneurship. We have designed an environment to help founders build their startups through a 4-month relationship-focused programme. Our goal is to co-found businesses with Fellows by providing them with grants and opening up the Wamda network of mentors to help ease the process of starting and scaling a business. Wamda X will be the initial financiers for founders and offers access to Wamda Capital, which can continue financing these businesses as they grow.

We are here to help co-found businesses from their earliest stages. Be it an idea or a revenue generating startup, we want to be a part of it. Successful businesses are often started by mature founders who have several years of work experience but do not conform to the status quo. That’s why we are looking for mature professionals who have a knack for solving market failures and those who embody leadership and efficient problem-solving qualities.The qualities that make a great entrepreneur are often present before they even start a business. The best businesses are founder-run, so Wamda X is looking to partner with these founders from the early days of starting up.

Key Features:-

  • $16k grant - Converts into 5% only if a business is formed.
  • 4 month programme - 2 month emphasis on building early team while in Dubai, and 2 months on solidifying idea.
  • $100k follow-on - Wamda reserves the right to invest $100k for 10% post programme.
  • Dubai-based - Dubai-based for first half of programme, location flexibility in the second half.
  • Relationship focused - Fellows will be paired with mentors and a “Buddy” from the Wamda Capital team.
  • Monthly renewable programme - Wamda or the Fellow may end the participation at any point, with no strings attached.

Unique Features:-

  • First money in - Easing barriers to starting a business by reducing dependency on family and friends, often the first people founders go to for financing.
  • Continuing to finance successful businesses - Businesses will have access to Wamda capital, negating the need to constantly fundraise externally.
  • Bespoke value creation - Curriculum light, mentorship and networking heavy. The programme is about the relationships built with the Core Mentors, Wamda Buddies, peers, and the wider Wamda network.
  • No Strings Attached - By structuring the investment as a grant, we’re alleviating the pains associated with equity, allowing fellows to focus on their businesses.
  • Access to Wamda Network - Regardless of whether or not Fellows start a business, they will attain access to the Wamda portfolio, future events, and future cohorts. Fellows will be part of Wamda’s network for life.
  • Access to space & perks - We will provide working space in Dubai as well as various software and support services at discounted rates for fellows.

Selection process:-

  • Applications
  • Screening 
  • Meet
  • Programme starts

Application Deadline: - Apply by January 20, 2019

For more information please check the Link

Be a part of North-East CSR Forum on 26th February. For more details visit http://northeastcsr.in/index.php    






















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