About Wamda X
The grant-based fellowship programme is designed for promising entrepreneurs or would-be entrepreneurs looking to accelerate work on their businesses, build mentorship relationships and a strong network across the Middle East and North Africa (Mena) region.
The programme is geared towards individuals or teams and aims to reduce the friction faced by entrepreneurs, or Fellows, by providing them with the necessary infrastructure and platform at the start of their journey. Applications will be reviewed on a rolling basis and Fellows will be selected based on their ability to identify and solve market inefficiencies.
Wamda X offers Fellows a "no-strings-attached" financial grant of $30,000 over 4 months.
$3,000 for the first month, followed by $9,000 per month for the following 3 months. Converts into 5% equity if you found a business and an additional $10K of in-kind benefits per Fellow with the option of follow-on investment of up to $100,000 from Wamda Capital.
The programme will run for four months, and a start date will be in January 2020.
Wamda X hosted its inaugural cohort in the first quarter of 2019, and graduated two startups, SafarPass and Caravan, from more than 600 applicants.