BECO Capital shared an exciting piece of news with the startup community in MENA earlier this week relating to their ‘Launch with BECO’ initiative. This is especially a handy opportunity for you if you happen to be a budding entrepreneur or startup founder worried over the possibility that the COVID-19 crisis will diminish your chances of making it big.
The UAE-based early stage venture capital firm announced that it is on a mission to find and fund 10 entrepreneurs or founding teams. Each successful applicant will receive $150,000 in funding, as well as other support from BECO Capital in exchange for 10% equity.
The goal here is to empower these promising entrepreneurs to turn their business ideas into viable products with real world impact.
You have to meet a few eligibility criteria, though. These include:
- The business idea you pitch must be tech-enabled.
- You didn’t receive any prior funding.
- You have to give full-time focus on the business.
- You are based in the Middle East or from the Middle East.
The application process is simple — you just have to fill up and send an online form. If your application is accepted, BECO representatives will get back to you within five business days. Up next is the initial interview, to be held within seven days from the acceptance of your application.
If you are through the initial interview, there will be another final round of interview which will be held within seven days after passing step#2. If you manage to woo the judges in this round as well, that $150,000 is yours.
Better still, BECO will help you efficiently utilize that freshly minted capital so you can turn your business ideas into MVP at record time.