Just like the inaugural edition of the joint venture’s flagship event, Misk 500 Accelerator 2.0 will also focus on providing participants with a comprehensive insight into growth hacking techniques. Mentors will include prominent experts from across the region and beyond including Silicon Valley.
It’s a 14-week program that aims to improve the level of training standards for emerging entrepreneurs so they can build successful startups at scale and contribute to the region’s knowledge and innovation-driven economy.
Per the agreement with MISK Innovation, 500 Falcons, the regional fund of 500 Startups, will invest $50K into each participating startup in exchange for 7% equity.
For those of you planning on participating in the Misk 500 Accelerator program, the application process has already started with the cut off date set on July 26. The joint venture between MISK and 500 Startups is specifically looking for startups dealing in technologies that could potentially disrupt the following industries: FinTech, B2B, B2C, e-commerce, EdTech, IoT, HealthTech, artificial intelligence, SaaS, messaging, and robotics.
In order to be eligible for the program, the applying startups:
- Must have an existing working product.
- Must be in the pre-seed or seed stage.
- Must be based in MENA.
Additionally, the founders of the shortlisted startups must participate in all aspects of the program.
Around 15 to 20 startups will be handpicked at the end of the selection process and they all will have unrestricted access to MENA’s most prominent investors and entrepreneurship support infrastructure.