500 STARTUPS
FALCONS NEST COMPETITION

From the 23rd April till the 30th of April (see full schedule below)

Now accepting applications till the 20th of April

ABOUT THE COMPETITION

500 Falcons is proud to announce the launch of its first ever pitch competition in Kuwait - the ‘Kuwait Falcon’s Nest Pitch Competition’. The competition will take place on the sidelines of our MENA Dojo Series A Program. The competition is open only to Kuwaiti startups where they get to participate in a shark tank style competition. This is an opportunity for founders to pitch their startups in front of a live audience. Our expert panel of judges will select 5 finalists to go through a mini accelerator program and showcase their learnings on the MENA Dojo Investor Day.


WHAT DO STARTUPS GET:


Knowledge

Participate in lectures from members of the 500 team on growth hacking, marketing, monetization, sales and distribution.


Mentorship

Access to mentors from the 500 Startups global team and partners in 1:1 and group sessions


Hands-on Support

Assistance to revise and prepare Pitch Deck for Investor Day

Assistance to train one representative of the company to pitch a 3-4-minute presentation


Exposure

Join the startups which are part of our MENA Dojo Series A program, Batch 3 and pitch on 2 May, 2019, at Investor Day, to a regional and global audience of investors, partners, government delegates and other VIPs.




Program Schedule

8th April:  Applications Open

9th April - 20th April:  Application Screening

20th April:  Notify Shortlist

21st April:  Falcons Nest Competition

23rd April - 30th April:  Falcon Nest Program

1st May:  Investor Day

FAQ

A: No. Application to Kuwait Falcon’s Pitch competition is completely free.
A: Any early stage startup from Kuwait or having at least one Kuwaiti founder that is working on innovative products/services and business models that address critical problems can apply. The startup should be building a scalable tech-enabled company.
A: All tech-enabled innovative startups are encouraged to apply. Startups in any of the fields which include: B2B, B2C, AgriTech, EdTech, HealthTech, IoT, Robotics, Artificial Intelligence, Saas and Messaging services and more.
A: Startups that are currently raising early-stage round or planning to raise an early-stage round in the next 6-12 months are eligible.
A: Saturday, April 20th 2019 by 11:59 PM AST
A: The 500 team will filter applications and shortlisted startups will be notified to pitch on the 16th of April to a panel of investment professionals
A: A panel of investment professionals will review all applications Startups will be judged on the following:
  • Product/Service technology - Does the product/service involve new technology development or product/service improvement?
  • Team Strength - Does the current team have the skills and leadership to move forward on this product/service?
  • Scalability - Will the business, if it scales, help to provide employment/expand team?
  • Execution - Is there strong customer growth, revenue, or other measurable traction?
  • Business Model - Has a revenue model been defined and is it realistic and sustainable?
A: the finalists will be notified on Sunday, April 20th 2019
A: The selected startup to :
  • Confirm availability to go through the two weeks of mentorship (17 April-1 May) offered by 500 Startups
  • Upto 2 team members will receive two weeks of intense professional training on a 1:1 basis with our international team of experts from Silicon valley
  • Assistance to train one representative of your company to present a 3-4 minute presentation
  • Join the startups which are part of the MENA Dojo Series A Program, Batch 3 and present along with them on Investor Day to a regional and international audience of investors, partners, government officials and the press
A: Finalists will be exposed to world class investors flying in for the event which is the perfect opportunity to :
  • Get feedback on your company
  • Get feedback on your business model
  • Potentially an opportunity to fundraise

If your question is not listed above, reach out to us at: falconsnest@500startups.com

APPLY

The Kuwait Falcon’s Nest Pitch Competition involves 5 steps:

  • Step 1 – Apply online
  • Step 2 – Falcons Nest Competition for top 25
  • Step 3 – Expert panel of investment professionals review and selection
  • Step 4 – Mentorship and Pitch Training for top 5
  • Step 5 – Live Pitch Finale at Demo Day

Eligibility Criteria:

  • 1. Early stage tech-enabled startups that have a working product with some traction
  • 2. Startups in any of the following fields: B2B, B2C, E-Commerce, FinTech, AgriTech, EdTech, HealthTech, IoT, Robotics, Artificial Intelligence, SaaS and Messaging services and more
  • 3. Kuwait-based startups, or startups that have at least one Kuwaiti founder

Judging Criteria:

Companies are judged on:
  • Product/Service technology - Does the product/service involve new technology development or product/service improvement?
  • Team Strength - Does the current team have the skills and leadership to move forward on this product/service?
  • Scalability - Will the business, if it scales, help to provide employment/expand team?
  • Execution - Is there strong customer growth, revenue, or other measurable traction?
  • Business Model - Has a revenue model been defined and is it realistic and sustainable?

How To Enter:

All applicants must submit completed applications online: link to: falconsnest.500.co

  • Tell us about your business
  • Tell us about your team
  • Upload Pitch Deck
  • Upload Video – description about your company in 2-3 sentences (optional)

APPLY NOW

Program Schedule:

  • 8th April: Applications Open
  • 9th April - 20th April: Application Screening
  • 20th April: Notify Shortlist
  • 21st April: Falcons Nest Competition
  • 23rd April - 30th April: Falcon Nest Program
  • 1st May: Investor Day

Please fill in the following application form, it will only take a few minutes: