500 Startups, through a continued partnership with Misk Innovation has launched the second edition of the Misk 500 Accelerator Program for the Middle East and North Africa (MENA) region.
The program is a 14-week course which will focus on bringing growth hacking techniques and provide Silicon Valley expertise to emerging companies in the region. 500 Startups is well-known for its global accelerator programs, having held similar programs in Japan, Russia, Uruguay and more. 500’s mission is to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems.
Building on the success of the highly sought-after Misk 500 Accelerator Program Batch 1, 500 Startups and Misk Innovation are excited to continue working with startups from the region. The goal of the program is to empower local and regional startups by raising the level of training standards for young entrepreneurs in MENA. 500 Startups regional fund, 500 Falcons, will invest USD $50,000 into each participating startup in exchange for 7% equity.
Apply here. The deadline for applications is July 26, 2019!
500 Startups, together with Misk Innovation, will be searching for founders who are building technologies and products to impact B2B, B2C, E-Commerce, FinTech, EdTech, HealthTech, IoT, robotics, artificial intelligence, SaaS and messaging services.
Batch 2 of the Misk 500 Accelerator will ultimately select 15-20 technology startups from across the MENA region to participate in the program. Startups selected are expected to have a working product and demonstrable initial traction. Those who are accepted will be given the opportunity to meet with some of MENA’s leading corporations and investors throughout the program and during Demo Day, where each startup will pitch their product or service to the audience.
Misk 500 Accelerator Batch 2 Program
● Startups must be pre-seed or seed-stage technology companies based in the MENA region.
● Founders are expected to fully participate in all aspects of the program.
● A maximum of two additional team members per company will be allowed to participate at any given time.
● Startups must have an existing working product.
Please Note: This program is provided in English. Participating startups will need to have a strong understanding of the English language.
Looking Back on Misk 500 Batch 1
Batch 1 of the Misk 500 Accelerator Program consisted of 19 startups who took part in the 16-week program and joined from countries such as Saudi Arabia, Algeria, Egypt, Kuwait, Palestine, and the United Arab Emirates. 37% of these companies had at least one female founder. The program concluded with a Demo Day, where startups pitched their business concepts to a room packed with more than 200 attendees, which consisted of both investors and corporations from the region.
Source: 500 Startups