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16th of April FasterCapital Incubator Deadline for a 2nd Round of Fund

04-15-2016 10:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FasterCapital

16th of April FasterCapital Incubator Deadline for a 2nd Round

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 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 and 22 pending incubation.

FasterCapital is a new type of incubator. The founders remarked that there are several weaknesses in incubators worldwide. These weaknesses are leaving an important segment of entrepreneurs with no help. It is also affecting the success rate of startups as many don't raise enough capital at the right time which is a major cause for failure.
Our incubator is shifting toward more involvement in the start by becoming a cofounder and cofunder. As a cofounders we work with entrepreneurs on developing the software side of the startup (mobile, web). As cofunders, we co-fund the startup from idea stage and until it can generate enough money. With FasterCapital the entrepreneurs are not left alone and the incubator is ready to support the startup and finance it over a period of one to two years until it starts to generate income.
As an incubator we provide idea validation, feasibility study, market analysis, product development, help in sales/marketing, mentorship and financial help until the startup is cashflow positive.
FasterCapital has multiple round of funding per year during each of which we will be selecting startups that can be accelerated or incubatedby FasterCapital.

FasterCapital
8th floor, Office 807 A, Tower A, Business Central Towers, Dubai Internet City, Dubai, United Arab Emirates, PO Box 503011.
Contact info
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

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