Wamda X is a grant-based programme for founders with the aim to safe-route the often financially grueling and solitary path to entrepreneurship.
We have designed an environment to help founders build their startups through a 4-month relationship-focused programme.
Our 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.
The Programme
We have designed an environment to help founders build their startups through a 4-month relationship-focused programme.
Our 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.
The Programme
- $16k grant: Converts into 5% only if a business is formed.
- $100k follow-on: Wamda reserves the right to invest $100k for 10% post programme.
- Relationship-focused: Fellows will be paired with mentors and a “Buddy” from the Wamda Capital team.
- 4 month programme: 2 month emphasis on building early team while in Dubai, and 2 months on solidifying idea.
- Dubai-based: Dubai-based for first half of programme, location flexibility in the second half.
- Monthly renewable programme: Wamda or the Fellow may end the participation at any point, with no strings attached.
Who we are looking for?
We are here to help co-found businesses from their earliest stages. Be it an idea or a revenue generating startup, we want to be a part of it.
Successful businesses are often started by mature founders who have several years of work experience but do not conform to the status quo.
That’s why we are looking for mature professionals who have a knack for solving market failures and those who embody leadership and efficient problem-solving qualities.
The qualities that make a great entrepreneur are often present before they even start a business. The best businesses are founder-run, so Wamda X is looking to partner with these founders from the early days of starting up.
We are here to help co-found businesses from their earliest stages. Be it an idea or a revenue generating startup, we want to be a part of it.
Successful businesses are often started by mature founders who have several years of work experience but do not conform to the status quo.
That’s why we are looking for mature professionals who have a knack for solving market failures and those who embody leadership and efficient problem-solving qualities.
The qualities that make a great entrepreneur are often present before they even start a business. The best businesses are founder-run, so Wamda X is looking to partner with these founders from the early days of starting up.
Moreinfo: https://www.wamda.com/wamdax
