Grants for Startups within the MOX Program from SOSV Company

MOX - "Mobile Only Accelerator" is offering grants or for cross-border startups within the SOSV program. SOSV is a global venture capital firm that operates startup development programs.

About the Program:-

• SOSV’s programs are focused on two broad areas. The first is revolutionary technology that promises the betterment of humanity and the planet. The second is cross-border markets, notably in Asia, that are ripe for explosive growth.
• SOSV’s programs include hardware-oriented HAX and life-science driven IndieBio. Both offer deep technical expertise on-site as well as well-equipped lab and fabrication facilities. 
• At MOX, market-entry and product development experts help entrepreneurs win cross-border market opportunities across Asia. SOSV’s latest program, dlab, fosters new players in the blockchain ecosystem.
• The program has a modular structure that allows founders to run their companies while participating in the program. It runs one-week modules such as Growth Hacking Week, Fundraising Module, and GOAT (Geeks on a Trip) in Taipei, SE Asia, or India.
• Typically, companies complete all modules in 6-12 months.

• Business development through a network of 40 global corporations.
• Customer acquisition through a global ecosystem totaling 102M consumers.
• Analytics-driven growth strategy.
• Platform support for PR, talent recruitment, and design.
• Mentorship from 500 industry leaders.
• $150,000 in seed funding for each company.

• SOSV takes 6% common equity through a Stock Purchase Agreement (SPA) and invests through a convertible instrument with a cap and 20% discount called an Accelerator Contract for Equity (ACE) similar to a SAFE. 
• At the same time, SOSV invests approximately US$150,000, of which US$45K is the program cost, which it pays on the startup’s behalf to the program.
• Eligible Projects aren’t restricted to mobile apps. The program accepts companies serving emerging mobile-first markets such as SE Asia and India. App or no app. 

About MOX:-

MOX Mobile Only Accelerator is operated by SOSV, a top-performing US-based venture capital firm with over US$700 million under management as of 2020. MOX helps mobile startups from around the world to acquire users for free. MOX's network of MOX startups cross-promote each other and receive free promotion from its network of partners in return for revenue share. MOX help startups expand into the world’s fastest-growing markets in Southeast Asia, South Asia, Middle East, South America, and Eastern Europe.

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