Launchpad Batch #002: 4. What type of startups are we looking for?
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The Spring Studios Founder Launchpad is a fully virtual 8-week venture-building program focused on helping founders build a VC ready startup proposition.
- Community: ~30 top percentile global founders to bounce ideas with while you build Partners: Industry experts (e.g exited founders, regulators, CXOs) for mentorship, guest chats and warm customer introductions
- Expertise: Course content designed by venture builders and iterated with founders
- Risk-free: No need to quit your job, and no requirement to continue working with Spring Studios post-program
- Bahrain + MENA platform: Tap our local networks to understand if your idea is a good fit to launch in MENA
What types of companies are we looking to work with?
Our network is best suited for startups looking to launch or expand to MENA - leveraging our extensive connections in Bahrain, KSA and UAE to quickly build customer traction, work with regulators and open doors.
In terms of types of startups, we’ve recently expanded from fintech-only to adjacent areas too.
Themes we like are below:
- FinTech → Technology businesses operating in the financial industry. Think payments, lending, insurance - startups which utilise, or enable, these pillars
- Generative AI → Businesses which leverage recent developments in LLMs such as OpenAI’s ChatGPT, LLaMA, and others. New automations, process optimisations and greater degrees of customer value creation have become possible - how can we leverage this trend?
- Open Banking → Open Banking is rapidly gaining regulatory traction in MENA - starting in Bahrain, with KSA and UAE following suit. New opportunities have been created in the UK and EU - what will this create here?
- Enterprise Enablement → High demand exists from large MENA institutions to keep pace with rapid advancement in technology. Think tooling or platforms that helps enterprises navigate rapid technology trends, capitalising on the speed and innovation offered by startups and leveraging their distribution and scale in return
Portfolio to date
View our latest portfolio companies here: https://springstudios.io/companies
What happens if there’s a portfolio clash?
If you apply - or pivot in-launchpad, and we see a clash, we’ll let you know up front.
Should you continue to build a company in competition with our portfolio, we may not be able to invest, so we want to inform you of this as soon as we can, giving you the choice of what to do next. You’re always free to leave the program and we’ll still be rooting for you from the sidelines.
Sound interesting? We’d love to have you there. Read our blog on how it works, or apply now.