Application Open for Speed@BDD's Second Acceleration Cycle
The cycle is on! Are you ready to join ranks with world-class startups? Or maybe you need a little push?
Speed@BDD announced it has started receiving applications for its second round of accleration, and up to 10 new Lebanese tech startups will benefit from this program.
The Beirut-based, fully-dedicated, tech startup accelerator and investment fund provides cash investment, mentors, higher business skills, and support in accessing markets as well as potential partners for technology and software startups from the MENA region.
Former Winners Gaining Ground
This January, Speed@BDD’s showcased the 6 startups that graduated from its first 3-month acceleration cycle at its Demo Day, held at the American University of Beirut. The 6 Lebanese startups got the chance to pitch their ideas in front of potential investors and media representatives.
Among the first batch of startups, NAR and RationalPixels came out in the lead, and were selected to take part at the LebNet Ignite acceleration and mentorship program in Silicon Valley. The 2-week program, powered by the Blackbox Connect accelerator, is designed to help scale globally with venture capitalists, successful founders, and experts in team composition, product launches, and business and growth strategies.
Do You Have What It Takes? Apply Now to Find Out
Entrepreneurs and startups can submit their applications as of today on this link: http://www.speedlebanon.com/apply-now/
Strict criteria dictate the startup selection process at Speed@BDD, namely the international appeal of their product or service, as well as the competence of their team.
During the 3-month program, which is scheduled to start in April 2016, each startup will receive $30,000 in cash, as well as mentorship, training in higher business skills, and support in accessing markets and potential partners. In return, Speed@BDD will get a 10% equity stake in each startup.
Speed@BDD combines the resources and knowhow of veterans like the Berytech Fund II, the IM Capital fund, the Impact fund by Middle East Venture Partners (MEVP), the Bader Young Entrepreneurs Program, and Lebanon for Entrepreneurs (LFE). It fits within Lebanon’s rising entrepreneurial landscape incentivized by the Central Bank’s Circular #331.
The deadline for submitting your application is February 22, 2016.