Dubai Tech Firm Launches Incubation Programme for Start-ups

Faster Capital, a virtual incubator based in Dubai Internet City, has just launched its first round of incubation and acceleration programs for 2019.

The first round, which started, yesterday, January 15th, will last till March 16th.

Poised to help non – technical entrepreneurs build successful technical start-ups, the programme allows the start-up to focus on other key areas such as refining their product or services, focusing on business development, sales and other non – technical aspects.

FasterCapital’s incubation programme is open to technical entrepreneurs, who do not have a full team to build their product.

Its unique business model is based on a co – founding and co – funding principle for start – ups that build solutions in the IT fields (software, mobile and internet).

According to regional representative at FasterCapital, Benedict Olumhense, the programme which commenced in 2011 has incubated over 20 start-ups globally and invested $13 million so far.

“It has also accelerated 267 start-ups through its pool of 631 entrepreneurs”, he said

“A great advantage of FasterCapital is that it has 494 start-up mentors and 288 Regional Partners. Its Mentors and Regional Partners are to be found all over the World to aid its client entrepreneurs on their process of building that unique start-up and scale its product and features to new markets.

“FasterCapital engages unique industry visionaries and subject matter experts that will guide start-ups in their journey to build that successful business enterprise”, he added.
Guardian