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.