Misk Innovation, Seedstars, And Vision Ventures' New Growth Accelerator To Offer US$100,000 Investment For Each Selected MENA Startup

The three-month accelerator program is designed for startups who have achieved product/market fit, and is looking to scale.

Shutterstock

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Tech MENA entrepreneurs, take a look at this opportunity to give your enterprise a boost. Misk Innovation, the innovation entity of Misk Foundation, is launching a growth accelerator for MENA tech startups, in partnership with Seedstars and Vision Ventures.

Each selected startup will receive US$100,000 from Seedstars, the emerging market startup community and investor, and Vision Ventures, a prominent VC firm supporting MENA entities, with an opportunity for follow-on investments of up to $1 million.

Kicking off in September throughout December of this year, the three-month accelerator program is designed for startups who have achieved product/market fit, and is looking to scale. The program has three on-site bootcamps, concluding with a demo day in Riyadh, with all expenses (including flight and hotel) to be covered by the accelerator. The hybrid program (offering virtual and on-site support) will offer startups a personal growth mentor for three months, plus access to coaching from in-house and external growth experts on key topics such as talent management, leadership and fundraising strategy.

It also aims to foster a process of consistent high growth, with Seedstars CIO commenting, "Startups often have a misconception that growth comes from hacks, while in fact, it's a process. Growth is a culture, a mindset and a methodology that needs to be implemented, and that's the main goal of the program."

Tech startups from all sectors across MENA are encouraged to apply, as long as they have raised funds between $25,000 and $1,000,000, have over $10,000 in monthly recurring revenue and have achieved product/market fit.

Applications are now open until July 21, head over to the website for more information.

Related: 19 Startups Graduates From The Inaugural Misk 500 MENA Accelerator Program

Related Topics

Thought Leaders

The Collapse of Credit Suisse: A Cautionary Tale of Resistance to Hybrid Work

This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce's needs and preferences.

Growing a Business

Rudy Mawer Shares 10 Ways To 10x Your Business

Learn the tactics needed to exponentially grow your revenue

Leadership

6 Myths About Leadership That May Be Holding You Back

By dispelling these leadership myths, we can create a more realistic and nuanced understanding of what it means to be an effective leader.

Health & Wellness

3 Insights From the First Large-Scale Study on Burnout and Entrepreneurs

Researchers found autonomy and "psychological utility" are linked to happiness, while having a team increases your risk of burnout.

Leadership

The Bootstrapped Billionaire: Zoho Corporation Co-Founder And CEO Sridhar Vembu

Sridhar Vembu, co-founder and CEO of the billion-dollar Zoho Corporation, explains how the soul of his company remains grounded despite its growth.