Misk Growth Accelerator

Powered by Seedstars and Vision Ventures


September - November 2019, Riyadh
Application Closed

Application deadline is July 25, 2019

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The Misk Growth Accelerator is a three-month, post-acceleration program for MENA startups with product market fit that are seeking for a scalable growth model.

With a three on-site bootcamps and a demo-day in Riyadh, the hybrid (virtual/on-site) program permits startups to stay close to their customers all the time, while benefiting from constant coaching from in-house growth and external growth experts.

Companies get a $100,000 total investment from two renowned investors, Seedstars and Vision Ventures, and a chance to get follow-on of up to $1 million.

Program Timeline

A hybrid program
Allowing startups to stay close to their customers, the hybrid program combines 3 weeks of bootcamps in Riyadh with online workshops and growth mentor 1:1 meetings in between.
Bootcamps in Riyadh
3 bootcamps with international mentors will cover growth methodologies and their implementation, scalability, talent management, and fundraising strategy.
Virtual Sessions
Between bootcamps, teams will benefit from a customised program delivered online through topic-specific webinars and weekly 1:1 meetings with growth experts to support in growth methodology implementation.
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SELECTION CRITERIA

  • Tech startups from any sector in the MENA Region
  • Raised funds between $250,000 and $1,000,000
  • Have over $10,000 in monthly recurring revenue
  • Have product/market fit

What Do Startups Get?

  • $100,000 investment by Seedstars and Vision Ventures
  • No program fees
  • A personal growth mentor for the 3 months
  • Three bootcamps in Riyadh (expenses paid)
  • Access to a global network of mentors, experts and corporates
  • Investor forum and demo day in Riyadh
  • Access to thousands of USD worth of Tech Perks (AWS, Xero, HubSpot, etc.)
  • Opportunity to get follow-on investment from Seedstars and/or Vision Ventures

Enablers and Partners

Misk Innovation

Enabler

Misk Innovation aspires to transform Saudi Arabia to become a global center for purpose-driven innovations. Applying world-class practices to the unique requirements and opportunities available in the Kingdom, Misk Innovation will inspire the innovator in everyone in order to elevate KSA to the forefront of global innovation, and develop individuals’ potential to help them become innovators, create solutions to existing challenges, and create innovative ventures of global reach and standing.

Seedstars

Operating Partner

“They tried to bury us, they didn’t know we were seeds.” – Mexican proverb Seedstars is a Swiss-based private group of companies with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. The groups’ activities cover over 80 emerging ecosystems through a variety of events such as the Seedstars World Competition, acceleration programs, physical hubs called Seedspace, venture capital investments and company building activities.

Vision Ventures

Venture Partner

Vision Ventures is a Saudi VC firm by entrepreneurs for entrepreneurs. It invests in innovative startups in the early stages helping them realize their dreams and make a difference. Vision looks for highly driven founders who want to change the status quo. We focus on the MENA region as we see huge potential but invest globally as well. Vision is run by successful entrepreneurs who have helped many regional and international startups succeed and grow.

FAQs

Yes. This is not a typical acceleration program for startups still searching for product/market fit. We focus on growth and the implementation of a growth methodology for companies that have already found product/market fit. You won’t hear any talk on business model canvas or customer discovery here. We’ll be focused on acquisition channels, funnel optimisation, growth experiments etc.
The $100k will be invested using two SAFE notes (one from Seedstars, another from Vision Ventures) at your last valuation.
No. You only need to travel for the three bootcamps in Riyadh.
There are no program fees for participating startups. We’ll cover the costs for 1 person to attend the bootcamps and you can chose to bring other teammates at your own cost.
We expect the intensity to increase for you over the 3 month period but everything we do will be aligned with your growth trajectory. If you consider the work of the program “extra” or a “burden” then you might not be at the right stage. If your goal is to grow your startup to reach the next funding round, then we should be aligned.

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For any questions about the program please reach us at: [email protected]