Dubai-based Womena has opened the applications for the 2019 class of Womentum, its accelerator for female-led tech startups. The accelerator that was launched last year has graduated nine startups with at least one female co-founder last year. The graduated startups were from United Arab Emirates, Saudi Arabia, Egypt, Jordan, Morocco, and Tunisia.
“We’re looking to surpass all expectations in 2019 and once again prove that the region is poised to be a global hotbed for tech changemakers,” said Elissa Freiha, Founder of Womena in a statement.
The four-month program will start with a two-week bootcamp in Berlin followed by a remote execution phase during which startups will be provided virtual mentorship as they work on market validation in their home countries. It will end with a two-week bootcamp in Dubai and the startups will have get the chance eventually to present their products to key stakeholders of the ecosystem in the demo day.
Womena, just like last year, will cover the cost of flight tickets for up to two founders and also provide accommodation (shared-room) in both the cities. They will also help the founder(s) with visa for both UAE and Germany.
Christina Andreassen, Womentum’s Managing Director, speaking about the initial success of Womentum, noted, “We were able to help companies transform their business models, build better products, create effective marketing and sales strategies, launch products and successfully close investment deals.”
The accelerator according to Womena’s website will only invest in the top performing companies that complete the program.
- ZoodPay acquires Pakistani consumer lending fintech Tez - May 23, 2022
- Colabs raises $3 million seed to make it easy for entrepreneurs and freelancers to build and grow businesses in Pakistan - March 30, 2022
- FlapKap – A fintech revolutionizing e-commerce and SAAS growth in MEA – Launches and completes $1.2 Million fundraise - March 23, 2022