Saudi Arabia’ first angel-backed startup accelerator program, Falak Investment Hub, has kicked off the application process for its second cohort of future unicorns.
Just in case you are out of the loop, Falak launched the inaugural edition of its flagship accelerator program last year for MENA-based entrepreneurs. Seven tech startups that made it to the first cohort collectively received investments worth 4.2 million SAR.
Falak has confirmed that the second cohort of the program will see up to 10 tech startups receiving a total of 5 million SAR. The three-month-long intense program is aimed at helping participants to achieve sustainable growth along with the opportunity for follow-on investments.
The Batch 2 of Falak’s Flagship Program will be held virtually starting on Nov 15, 2020. Over the following three months, the participants will undergo extensive training and mentorship on various aspects of conducting a successful business. These include management and strategy, marketing and growth hacking, legal and intellectual property, and finance and accounting.
Besides these, the participating startups will also benefit from market accessibility through Falak’s vast network spread throughout the GCC, founder-to-founder mentorship sessions, angel investors’ mentorship, as well as in-depth insights into the nitty-gritty of organizational structure, technical structure, and legal structure.
So what are you waiting for? If you think you have what it takes to become MENA’s next big unicorn startup, head over to Falak’s website to send your entry today.