Press Release
Falak Investment Hub, Saudi Arabia’s first angel-backed acceleration program for MENA entrepreneurs, is now accepting applications for its 2nd cohort of future unicorns!
Falak Investment Hub launched the Flagship Acceleration Program last year and invested 4.2 million SAR in 7 tech startups in the GCC. This year, Falak is investing 5 million SAR in up to 10 tech startups within the 3-month intense acceleration program targeting growth with a major chance for follow-on investments even after graduation. Within Falak’s Flagship Program, in-depth engagement is provided and customized for every startup as per their key metrics.
Falak’s Flagship Program (Batch 2) will be done virtually starting on the 15th of November of 2020 with a full 3-month program focusing on management & strategy, marketing & growth hacking, finance & accounting, and legal & intellectual property.
Other key benefits that accelerated startups will benefit from are: market accessibility through Falak’s vast network across the GCC, founder-to-founder mentorship sessions with MENA’s most prestigious Founders, angel investors’ mentorship, marketing and B2B sales, advisory on organizational structure, legal structure, and technical structure to facilitate growth.
The deadline for submitting applications for the second cohort is October 1st, 2020. Upon meeting Falak’s initial criteria, the shortlisted applicants will be contacted within a week of the application date to then go through Falak’s investment committee process and the final decisions will be announced on the 12th of October. The official program will start on the 15th of November with a prior onboarding month from 15/10 – 15/11.
Ready to make history with Falak? Apply now and increase your chances to become a unicorn startup in MENA.