FasterCapital has launched its fourth round of funding for 2016
FasterCapital (a virtual incubator based in Dubai, UAE) has launched its fourth round of funding for 2016 which begins on 15th of July, 2016 and ends on 16th of August, 2016. The last round of funding has attracted more than 4000 entrepreneurs from more than 84 countries. More than 100 startups were accepted into the acceleration program.
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 our feedback 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 nontechnical entrepreneurs. FasterCapital will become a cofounder (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