Wamda X $16k Grant Program 2019: Are you a student? A business person? You run or intend to start a small scale business venture? You may well be qualified to apply for Wamda X grant. Wamda welcomes application from suitably qualified candidates for the 2019 grant. Interested person should see details and how to apply.
Grant Sponsor: Wamda
Grant Eligibility: Start-up businesses
Eligibility Country/Region: Africa
Grant Type: Monetary investment renewable yearly.
Wamda X is a grant-based program for founders with the aim to safe-route the often financially grueling and solitary path to entrepreneurship.
They have designed an environment to help founders build their startups through a 4-month relationship-focused program
The goal is to co-found businesses with Fellows by providing them with grants and opening up the Wamda network of mentors to help ease the process of starting and scaling a business.
Wamda X will be the initial financiers for founders and offers access to Wamda Capital, which can continue financing these businesses as they grow
$16k grant: Converts into 5% only if a business is formed
4 month program: 2 month emphasis on building early team while in Dubai, and 2 months on solidifying idea
$100k follow-on: Wamda reserves the right to invest $100k for 10% post programme
Dubai-based: Dubai-based for first half of programme, location flexibility in the second half
Relationship-focused: Fellows will be paired with mentors and a “Buddy” from the Wamda Capital team
Monthly renewable program: Wamda or the Fellow may end the participation at any point, with no strings attached.
Who is Eligible to Apply?
Open to businesses at their earliest stages. Be it an idea or a revenue generating startup, they want to be a part of it.
How Selection is Made
Based on their ability to think critically about a problem and solve it in a smart manner
Their ability to work under stress
Their ability to work with their peers, and
How driven they are to solve a market failure.
Application Format Wamda X $16k Grant Program 2019:
All interested persons are to apply for grants online. You can get more information about the Wamda X $16k Grant Program 2019 here.
To apply for grants you can apply through the link provided or download application form online.
Application Deadline: January 20, 2019
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