The Misk Foundation has teamed up with two of the most prominent stakeholders in MENA’s startup ecosystem to roll out a new accelerator program for emerging businesses. Together with Seedstars and Vision Ventures, the Foundation aims to deploy this new platform to help startups with product/market fit to efficiently scale their business.
Dubbed the Growth Accelerator, the new program will kick off in September 2019 and will continue through December. It is going to be based on a hybrid model, i.e. the curriculum will be conducted both on-site and virtually. This is so to ensure that participating startups can stay close to their target markets while simultaneously benefiting from the coaching and mentorship provided by a pool of highly experienced growth experts.
The core agenda of the Growth Accelerator is to help out promising startups with a product/market fit to develop a reliable framework that would later help then achieve a consistently high growth rate.
Besides having the opportunity to learn from some of the best growth accelerator experts from across MENA and beyond, the participants will also bag investment worth $100K from Seedstars and Vision VC. And here comes the juicy bit — depending on their performance and long-term sustainability, the participating startups also stand a chance to win up to $1M in follow-up investment from the two co-investors.
The eligibility criteria for participating in the Growth Accelerator 1.0 are as follows:
- The applicant must be a technology startup based in MENA.
- The applicant must be making more than $10K a month in revenue.
- The applicant must have a product/market fit.
The application process is already underway with July 21 as the cutoff date. For more information, you can check out their website.