Provides grants easing barriers to starting a business by reducing dependency on family and friends.
Applicants will receive 15k AED monthly for 4 months, that comes to about $16k in total. The agreement will be monthly renewable, so either party may terminate or extend the grant period.
Applicants will also receive about $9k worth of in-kind support, in the form of incubation space that they may use for 12 months, along with workshops and seminars that will be paid for by Wamda.
The program helps to build relationship with the Core Mentors, Wamda Buddies, peers, and the wider Wamda network.
Regardless of whether or not Fellows start a business, they will attain access to the Wamda portfolio, future events, and future cohorts. Fellows will be part of Wamda’s network for life.
Businesses will have access to Wamda capital, negating the need to constantly fundraise externally.
By structuring the investment as a grant, alleviates the pains associated with equity, allowing fellows to focus on their businesses.
Will provide working space in Dubai as well as various software and support services at discounted rates for fellows.
Eligibilities
Wamda does not have an eligibility criteria.
Any successful and matured entrepreneur, regardless of their nationality can apply.
Applicants can apply at any business stage.They can have a vague idea of what they want to do, or at the point where they already have a product generating revenue.
Eligible Regions: Open for All
Application Process
Apply online through the given link.
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Application Deadline: January 20, 2019 (13 Days Remaining)
