AMCOB's Virtual Accelerator Program is a unique opportunity designed to support and empower Muslim entrepreneurs. This 12 weeks program provides a comprehensive suite of resources to help you refine your business idea, connect with industry leaders, and build a sustainable and impactful venture.
Duration: 8-weeks
Sessions: Saturdays, 8:00–11:00 AM Pacific Time.
The framework is designed to take entrepreneurs from foundational concepts to investor readiness, ensuring they have the tools and knowledge to grow their businesses successfully. In addition to streamlining their businesses, these workshops will have the opportunity for participants to connect with fellow entrepreneurs, investors, and community leaders.
Curriculum Overview
Defining the 'Why'
Objective: Help founders articulate the purpose behind their business.
Market Research and Validation
Objective: Validate the business idea and understand the target market.
Value Proposition and Product Market Fit
Objective: Ensure that the product or service meets the needs of the market.
Business Model and Revenue Streams
Objective: Develop a sustainable business model.
Branding and Positioning
Objective: Build a strong brand that resonates with the target audience.
Marketing and Sales Strategy
Objective: Create a go-to-market strategy to attract and retain customers.
Financial Planning and Management
Objective: Understand financial management and plan for growth.
Legal and Compliance
Objective: Ensure the business is legally compliant and protected.
Building a Strong Team and Culture
Objective: Develop a team and culture that supports business growth.
Growth and Scaling Strategies
Objective: Plan for scaling the business effectively.
Creating a Pitch Deck
Objective: Develop a compelling pitch deck for investors.
Pitch Practice and Feedback
Objective: Refine the pitch through practice and expert feedback.
1) Faith-Based Foundation
Your business should align with the values and principles of the Islamic faith.
2) Revenue Criteria
Annual Revenue: Businesses should be generating up to $1 million in annual revenue.
Stable Revenue Stream: Preference for businesses with consistent or growing revenue streams over the past year.
3) Market Potential
Scalability: Businesses should have a clear path to scaling, whether through market expansion, product diversification, or other growth strategies.
Target Market: Companies should target a sufficiently large and addressable market.
4) Founders' Commitment
Full-Time Commitment: Founders should be fully dedicated to their business and able to commit the necessary time to the accelerator program.
Coachability: Founders should be open to feedback, willing to learn, and adaptable.
5) Team Composition
Team Size: Ideally, companies should have at least a small team (e.g., 2-5 people) rather than a solo entrepreneur.
Diverse Skill Sets: Teams should demonstrate a diversity of skills that cover the major functional areas of the business (e.g., product development, marketing, operations).
6) Problem-Solution Fit
Clear Value Proposition: Companies should have a clear understanding of the problem they are solving and how their product or service addresses it.
Customer Validation: Preference for companies that have received positive feedback or initial traction from their target customers.
7) Alignment with Program Goals
Program Fit: Companies should be aligned with the goals of the accelerator, particularly in terms of growth and investment readiness.
Strategic Alignment: Preference for companies whose business models or sectors align with the strategic interests of the accelerator (e.g., focus on technology, sustainability, etc.).
8) Growth Ambition
Growth Mindset: Founders should demonstrate a strong ambition for growth and a clear vision for scaling their business.
Willingness to Pivot: Companies should be open to pivoting or making significant strategic changes if needed.
9) Impact Potential
Social or Environmental Impact: Consideration for companies that have a positive social or environmental impact, in addition to financial returns.
Community Contribution: Preference for companies that are likely to contribute positively to the accelerator community through collaboration and shared learning.
10) Financial Health
Financial Stability: Companies should have enough financial runway to last through the duration of the accelerator program and beyond, ensuring they can implement what they learn. Funding Needs: Preference for companies that are seeking investment or are at a stage where investment would significantly accelerate their growth.
Ready to join the AMCOB Virtual Accelerator Program?
Follow these steps to apply:
Complete the Online Application Form: Answer questions to assess your business idea, market potential, and your commitment to the program
Submit Your Application: Our team will review your application based on the selection criteria
Interview: Shortlisted candidates will be invited for an interview to discuss their application in more detail
1. What is the cost of the program?
– The program fee is $1,000 per participant.
2. Who can apply?
– The program is open to Muslim entrepreneurs at the pre-seed stage of their business journey.
3. What are the benefits of the program?
– The program offers expert guidance, comprehensive training, valuable networking opportunities, and a completion incentive to help you build a successful and impactful venture.
4. What is the deadline to apply?
– Please check the application form for the current application deadline.
Apply by January 11th!
PROGRAM FEE *
* AMCOB Members: You're Covered! Non-Members: A Fee Applies.
