FasterCapital [a virtual incubator based in Dubai, UAE] has launched its second round of funding for 2016 which begins on 15th of March, 2016 and ends on 16th of Apr, 2016. The first round of funding [which ended on 19th of Feb, 2016] has attracted more than 800 entrepreneurs from more than 80 countries. 50 startups were accepted into the acceleration program. FasterCapital will release the names of the accepted startups on its website and social media.
FasterCapital hopes the message will reach wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation. Each startup goes through three level of assessment: Business, Financial and Technical. The study will be communicated back to the entrepreneurs so that they can take such study in the development of their startup. Entrepreneurs will get [for free!] an extra professional opinion about their startup, potential obstacles and ideas for improvement! All accelerated companies will receive services such as Mentorship, Marketing study, Feasibility study, Technical consultation, New sales channels and Financing.
FasterCapital offers two programs: Acceleration Program and Incubation Program. In the “Acceleration program”, FasterCapital will provide mentorship, access to capital and extra consulting services [legal, technological and marketing] to Entrepreneurs. What distinguishes FasterCapital is its “Incubation Program” which might appeal to non-technical entrepreneurs.
FasterCapital will become a co-founder [technical co-founder] and co-funder [as one of the first investors] and will provide technical development per equity [up to $500k for each startup]. The “Incubation Program” might also appeal to tech entrepreneur who seek some help in covering some of the early investment in the startup. FasterCapital has more than 100 internal developers with different skill-sets who are already working on multiple projects. Startups can apply to join Virtual Incubator at FasterCapital For Entrepreneurs
About FasterCapital
FasterCapital is a virtual incubator based in Dubai Internet City, UAE. FasterCapital has more than 18 startups that have graduated already and 22 pending incubation. For more information, please visit FasterCapital