FasterCapital (a virtual incubator based in Dubai, UAE) has launched its second round of funding for 2016 which has begun 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 an the incubator hopes that the message will reach a wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation.
Each startup goes through three level of assessment: Business, Financial andTechnical.
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 distinguishesFasterCapital is its “Incubation Program” which might appeal to non- technical entrepreneurs. FasterCapital will become a co-founder (technical cofounder) 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 skillsets who are already working on multiple projects.
Startups can apply to join our Virtual Incubator at:http://www.fastercapital.com/entrepreneurs.html
FasterCapital is a virtual incubator based in Dubai Internet City, UAE.FasterCapital has more than 18 startups that have graduated already and22 pending incubation.
Name: Mr. Faisal Khamees
VP of Operations at FasterCapital
Phone: +971 5558 55663
Name: Mr. Terry Crospy
Mentor & Investor at FasterCapital
Phone: (512) 400-0256
Name: Mr. Adrian Niculescu
Regional Director Uk & Romania
Phone: (Uk) 00447908045387 (Ro) 0040 725 388 605