The announcement was greeted with so much cheer as Dubai-based virtual incubator Faster Capital launched its first round of funding for 2017, which will see it provide mentorship, access to capital and consulting services to selected startups from around the world.
As an entrepreneur you will face many challenges like luck of funding, mentorship and access to connections while trying to establishing a well crafted startup. That is why Faster Capital incubator is coming in to provide idea validation, feasibility study, market analysis, product development, help in sales/marketing, mentorship and financial help until the startup is cash flow positive.
As part of a yearly funding, 2016 attracted more than 1,700 applicants from more than 75 countries, with more than 30 startups accepted into the acceleration program where they will receive services such as mentorship, marketing study, feasibility study, technical consultation, new sales channels and financing, with Faster Capital offering an acceleration program and an incubation program.
With the last round of funding ending on March 15th, 2017, this is a great initiative seeking to reach a wide audience of dedicated and enthusiastic entrepreneurs looking for capital and incubation opportunity. The applicants go trough business, financial and technical assessment, and is offered free feedback.
The acceleration program sees the company provide mentorship, access to capital and extra consulting services to entrepreneurs. The incubation program, on the other hand, might appeal to non-technical entrepreneurs, as Faster Capital becomes a technical co-founder and co-funder, providing technical development per equity of up to US$500,000.
Startups can apply to join the virtual incubator here.
Faster Capital has more than 100 internal developers with different skill sets who are already working on multiple projects. The company has invested more than US$10 million since its inception in 2010.
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