When will the programme start?
The inaugural batch will begin on March 3rd, 2019. We have not set a date for Batch 2
What happens at the programme?
We believe that you know what is best for you. While we'll be here to guide you, this is
relatively hands-off programme that emphasises relationships over programming. That
what you do with
your time and during your meetings with your Wamda Buddy, mentors, and peers is entirely
to you. Having
said that, we will be conducting events regularly and providing you with plenty of
What am I expected to do at the programme?
The ideal outcome involves building an initial team, as well as formulating and
your business idea, so that by the end of the 4 months, you are able to launch your
your first round of investment. Having said that, this is a fellowship programme. All
fellows are part of
the Wamda community for life, and not launching a business by the end of the programme
totally fine. You
got in because we liked you as a person, and value you being in our network. If you go
team, or join one of Wamda Capital's portfolio companies, or even go back to your
job, that's also
fine. That is why this is a grant-based and not equity-based programme.
What if I do not launch a business by the end of the
Not a problem at all. There are multiple options at that point. One option is to extend
the grant on a monthly basis until you are ready to launch your business. Another option
for you to join
one of the other fellows as they launch their startup. A third option involves joining
Capital's growth stage companies. Finally, you may decide to go your own way and do
What if I change my mind during the programme?
We understand that the process of starting a business might seem more appealing than it
actually is. We also understand how frustrating the early days can be. Perhaps you are
getting value out
of the programme. We're OK with terminating the agreement at any point during the
if either party
is unsatisfied for any reason whatsoever - no strings attached.
Is this programme for me?
The programme aims to capture a broad range of fellows. There is much debate in what
for a "good" founder, and the characteristics attributed to successful entrepreneurs are
diverse. We want
Wamda X to include driven fellows, eager to disrupt the status quo, but also mature
to know how to
maneuver in the real world. If you feel like that describes you, and the market failure
are trying to
solve can mean the opportunity you are working on is sizeable, please go ahead and
Is this a startup accelerator programme?
This is not a startup accelerator programme. We do not accelerate startups, nor do we
a curriculum. We invest in fellows and individuals. Startup accelerator programmes are
but they often
focus on the post-launch stage of the startup cycle, the point after which founders have
built an early
team, have put together a polished pitch deck, and maybe even have a product. Not that
including any of those in our programme but Wamda X is pre-idea, pre-business and far
interested in the
individual than in the startup. We are different to accelerators in that we are a
that focuses on
businesses at an earlier stage than the typical accelerator.
What does the screening process entail?
The process is designed to allow us to screen for the qualities we believe exist in good
founders. The best founders we've invested in often come by referral, so if you know
we know or we've
invested in, get them to refer you to the programme. It may feel more like a job
that may not seem relevant to your business idea, but we are interested in getting to
you as a person.
Founders are the single most critical factor that contribute to the success or failure
therefore our screening process is centred on getting to know the fellows. Having said
you may expect
the following: 1) online application, 2) another round of online questions, 3) a quick
interview, 4) an initial screening in-person interview in Dubai, 5) a full day of
where you'll be tested on your ability to work under stress while keeping your eye on
big picture. In
all of these steps, we're assessing your problem solving skills as well as your
to keep your cool
How are fellows selected?
Based on their ability to think critically about a problem and solve it in a smart
their ability to work under stress, their ability to work with their peers, and how
they are to solve
a market failure.
What stage should my business be at to apply?
You can apply at any stage you like. You can have a vague idea of what you want to do, or
at the point where you already have a product generating revenue.
Is there a deadline for applications?
Applications for the inaugural batch are closed. You may still apply for Batch 2, but we
have not set a start date for that yet.