FasterCapital, Bridging The Funding Divide
In an exciting new venture FasterCapital has partnered with the SA Innovation Summit to extend their support to start-ups in Africa. Together, the two companies will use their reach to expand the growth of entrepreneurship and startups.
The SA Innovation Summit (SAIS) is an organization focused on building tech entrepreneurs based in South Africa. SAIS with its focus on local business and international reach has the capacity to elevate entrepreneurs to new level.
They support entrepreneurs through their 4 main pillars:
Additionally, SAIS hosts an annual Summit bringing together entrepreneurs, inventors, academia, corporates and policy makers to further showcase and amplify South African talent across Africa.
FasterCapital is a virtual incubator program based in the UAE operating since 2010. FasterCapital combines both a traditional incubator and a venture capital into one unique experience.
They provide support to start–ups worldwide through their 3 main programs:
1. Idea to product.
Through their co-funder program they assist start-ups through the process of shaping their idea into a viable product by providing support and training. They help start-ups with everything from creating a business plan, raising capital to market research.
2. Tech Co-founder/ Technical Partner
In their tech co-founder/technical partner program they provide start-ups with a team to help developing their product completely. By taking the technical co-founder role, they allow non-technical entrepreneurs to focus on the parts of their business that they enjoy. As Co-founders both FasterCapital and the entrepreneur invest 50% as equity partners.
3. Grow your start-up.
Through the grow your start-up program they assist businesses that are already established to grow to bigger heights. They provide services such as mentorship, product testing, raising capital and more.
The collaboration between FasterCapital and SAIS is a great way to broaden African talent to a global market and will enable more growth and development in entrepreneurship.