Getting a Startup Off the Ground in Kabul
On May 12, the Founder Institute’s Kabul chapter hosted its second event this spring, focused on tips and tricks for raising capital for a new business.
On May 12, the Founder Institute’s Kabul chapter hosted its second event this spring, focused on tips and tricks for raising capital for a new business. The keynote speaker was Yousef Mehrabi, Investment Manager at InFrontier, which recently invested in the 786 Pharmacy brand to open more drug-dispensing stores across the country, and is looking for more promising companies in Afghanistan in which to invest. The organizers invited entrepreneurs and aspiring entrepreneurs to an event focused on ways to raise capital for a business idea or product that needs funding. The event guided participants through learning how startup funding works, what you need to do before trying to raise funding, and where you can go to get it in Afghanistan.
“Afghanistan is not typically seen as a place where investors are flocking to, but there are promising young companies poised for growth, and there are opportunities for investment,” said Jamshid Hashimi, one of the Founder Institute Kabul Chapter Directors, adding, “but it can be challenging for entrepreneurs to navigate the options for acquiring capital to get businesses off the ground, or to expand them to reach greater scale. This event is aimed at closing the information gap and giving good business ideas exposure to funding opportunities they may not know about.”
The Founder Institute is the world’s premier idea-stage accelerator and startup launch program, whose graduates have created 2,100 companies launched with a 79% company survival rate, having created over 15,000 jobs (as of June 2015). FI is the most challenging and effective step-by-step Startup launch program for talented and motivated aspiring entrepreneurs. It provides a structured process, constant feedback and evaluation from expert mentors, and global network of entrepreneurs to support entrepreneurs to start an enduring company. In addition, the Founder Institute is the only program of its kind that focuses on people versus ideas, accepts founders with day jobs, and shares equity with all participants. FI’s structured, 4-month curriculum of weekly training courses and business-building assignments will start in Kabul Summer 2016 and is now accepting applicants from Kabul. Interested applicants can apply at www.fi.co/join. FI is particularly encouraging female entrepreneurs to apply, and a limited number of scholarships will be available to support their participation. Learn more about joining the program at the upcoming info session, to be held in Kabul on May 19.