Denis Opudo
The launch of MENA Dojo Series A programs second batch of 500 startups has been announced. The program will have 10 Middle East companies. The companies want to fundraise a Series A round prepare for the next step. This will be the late seed initiative program. Nine MENA based startups benefitted from the first edition of Dojo program. The startups joined the ‘beast mode’. Amongst the nine were Mumm, Souq Almal, Edfa3ly, and Eventtus startups.
The program will run for six weeks. The company must be post-seed and have attained a strong product-market. There must be significant revenue to qualify for the program. The company founders and the team can enjoy distribution training. Also, high-intensity growth within a small period training is offered. The Investor day comes on 10th May 2018. There will 2 weeks on and 2 weeks off growth hacking program.
The companies that will have a chance to entre program will have a chance to get $150,000. This will be 5% equity and they will pay $15,000 tuition fee as one of the requirements. In early 2017, VC announced the creation of 500 Falcions. Apart from that, there was a $15 million MENA based funding. The funding is for investment in early-stage startups in North Africa and the Middle East. VC is based in Silicon Valley. Application ends on 1st March 2018. The application can are done through Magnitt registration.
It’s no doubt that the program will give the upcoming startup a good environment for growth. Many startups should apply so about enjoy the program. Such opportunities are rare and they come once in a while. Companies should maximize on such programs. Most of the companies fail due to lack of enough exposure.
