Due Date: January 20, 2019
Applications are open for the Wamda X Grant Program 2019 Wamda X is a grant-based program for creators with the objective to safe-route the frequently economically grueling and singular course to entrepreneurship. They have actually developed an environment to assist creators construct their start-ups through a 4-month relationship-focused program.
The objective is to co-found companies with Fellows by supplying them with grants and opening the Wamda network of coaches to assist reduce the procedure of beginning and scaling an organisation. Wamda X will be the preliminary investors for creators and provides access to Wamda Capital, which can continue funding these companies as they grow.
- $16 k grant: Transforms into 5% just if an organisation is formed
- 4 month program: 2 month focus on structure early group while in Dubai, and 2 months on strengthening concept
- $100 k follow-on: Wamda books the right to invest $100 k for 10% post program
- Dubai-based: Dubai-based for very first half of program, place versatility in the 2nd half
- Relationship-focused: Fellows will be coupled with coaches and a “Pal” from the Wamda Capital group
- Month-to-month eco-friendly program: Wamda or the Fellow might end the involvement at any point, without any strings connected.
- Open to companies at their earliest phases. Be it a concept or an income creating start-up, they wish to belong of it.
Fellows are picked
- Based upon their capability to believe seriously about an issue and fix it in a wise way
- Their capability to work under tension
- Their capability to deal with their peers, and
- How driven they are to fix a market failure.
For more details, see Wamda X