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VIRTUAL INCUBATOR OPEN FOR ENTREPRENEURS

10-04-2016 01:05 PM CET | IT, New Media & Software

Press release from: FasterCapital

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Dubai, UAE, 3rd Oct 2016: FasterCapital (a virtual incubator based in Dubai, UAE) has launched its fifth round of funding for 2016 which begins on 18th of Sep, 2016 and ends on 17th of Oct, 2016. The last round of funding has attracted more than 2000 entrepreneurs from more than 57 countries. More than 30 startups were accepted into the acceleration program.
FasterCapital hopes this message will reach wider audience of dedicated and enthusiastic entrepreneurs who seek both capital and incubation. Each startup goes through three levels 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 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 entrepreneurs 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 graduated startups, 15 startups in incubation program, 139 startups in acceleration program plus more than 110 regional partners and 65 offices worldwide. FasterCapital has invested more than 10 million USD since its inception in 2010.

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.

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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