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Raise Capital Program
✔️ More than 50k angel investors!
✔️ Find different funding sources!
✔️ Advanced AI matching system!
✔️ Experts and Investors' feedback!
Raise Capital
Looking for raising capital opportunities? We made it easy for you!
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We help businesses in getting funded from a huge global network of more than 50,000 angel investors and with VCs organized according to industrial and geographical interests. We help you find and connect your business with angel investors and Venture Capitals worldwide. Whether you are looking to raise $1M or $100M we help you find investors and VCs that are interested in investing in your project and we facilitate the introduction. We also help you pitch to other Venture capital firms, accelerators and incubators that will help you fund your startups.
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It doesn’t matter how much money you need to raise for your startup, we will help you fund your startup and raise money in small amounts or on larger scales.
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We facilitate introductions to angel investors and VCs. We also advise startups on how to pitch to angel investors, Venture capital firms, accelerators and incubators which will help you in raising funds for your startup more successfully.
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We review the necessary documents (Pitch deck, business plan and financial forecast). We make recommendations and/or improvements. Our team will help you in preparing a professional pitch deck, business plan, and other raising capital documents.
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We also recommend and advise on the valuation of your company and how to prepare the right plan to fund your startup successfully. We offer experts’ feedback when it comes to equity dilution, startup evaluation, and issuing shares.
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Through our Raise Capital Program, you will be able to find and connect with angel investors and many other funding sources (get a grant, get a loan, get funded by a VC, and others) and then pitch with the right materials to a curated segment of angel investors and other funding sources. We will advise you on the right steps and recommendations of how to fund your startup and raise the capital and the money needed for starting your business or growing and scaling it. We will also work on introducing you to the right angel investors, government funds, grants, business loans (whether they are banks or other financial institutions), accelerators/incubators, crowdfunding platforms and different Venture Capital companies.
How will we help you fund your startup more successfully?
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Pitching to 50,000 Angel Investors, Thousands of Venture Capitals, and Different Funding Sources
Our program covers almost all possible sources of raising capital by including many funding opportunities and provides you with solutions on how to overcome raising money challenges to help you get funding for your business.
We also help you fund your startup and raise money online through advising you on how to build a successful crowdfunding campaign to help you increase your chance of getting funded through crowdfunding platforms.
We are an online incubator and we have very good contacts with many partners, Venture capitalists, angel investors, government funds, NGOs, and other accelerators/incubators that can help in funding your startup and raising capital.
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Increase your Chances of Getting Funded for your startup
We don’t just introduce you to investors but we first make sure that your current presentation is good enough and will get you the result you need. Otherwise, all of your efforts will go in vain as the angel investor, government fund or financial institution might get the wrong idea about the business and decide not to invest as a result.
The review team includes some of the most professional business plan, pitch deck, financial forecast consultants who have experience in this domain and some of the top angel investors who have spent 15 years already investing in different startups. The team will provide you with investors' feedback and work with you on implementing improvements. We grade the documents and assess the likelihood of success. We also estimate the number of angel investors that you have to approach to be able to fund your startup and raise the capital.
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Raising Capital Plan
We will give our recommendation about the amount of money to be raised and how it should be invested, and on the best and most effective ways to find investors in your specific industry and stage. We would advise on the amount of equity you have to give and the money to be raised. This is usually a difficult decision especially for startups in early stages of investment.
Brief
Our Raise Capital helps you in raising the money needed for your business in the most efficient way by dedicating a team for that.
How it works
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The team will include an expert in raising money plus 2-8 people who will be contacting angel investors and VCs and who will help in improving the pitching materials and offering constructive feedback.
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We will use our own AI system that matches angel investors (50,000 angel investors) to startups based on the history of investment of the angel investor and their successful exists.
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We will create a solid funding plan and match your startup or scaleup with different funding sources; local and global angel investors, VCs, grants, loans, and others.
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We invest half of the money needed for the team and you should supply the other half.
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The program’s duration is 3-6 months and it is automatically renewed for a year with no extra payments.
Payment and costs
FasterCapital covers 50% of the costs needed for the whole process. The founder should cover the other 50% that should be paid in advance in order to start the operations and the matching process directly.
Money back Guarantee: worse comes to worst, you can get a FULL refund!
We will plan with you based on practical and factual grounds but we know that funding a project is sometimes more than just numbers! In this program we guarantee that we will introduce you to angel investors and VCs. If we failed to do that over the period of raising capital, then you will get your money back or part of it depending on the results achieved. So for example, if we planned to introduce your startup to 1000 angel investors and we could only introduce you to 500, then you will get 50% of your money back. Our success rate so far is %92
FasterCapital covers 50% of the costs, the founder needs to cover the other 50% This amount of money should be secured prior to the matching process. This will cover the resources needed for the team and operations involved.
Looking for fundraising opportunities for your business?
Get matched with angel investors, VCS, and different funding sources
Raise Money for Your Business by Filling in the Form below..
why join us?
Money back Guarantee
Pay only for results achieved!
We will study the opportunity of our collaboration and how FasterCapital can help and then we will list clear time-bound milestones that need to be met. Our team will do its best to deliver the best results in terms of quality, time frames, and offering the best technical and business insights. On the other hand, if the results were not met as planned you can get a refund and pay only for what have been achieved
Raise Capital Benefits
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The Right Approach to Funding your startup
You need to know where you stand and what you need. Many entrepreneurs fail because their plans are unrealistic. Deciding to raise too much or too little money from an early stage is one of the mistakes that can lead to failure in funding their startup and raising capital. We advise you and offer a new perspective on what approach to adopt.
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Valuating your Startup
Many entrepreneurs fail to value their business accurately. They might tend to overvalue it (considering the work time and effort they have given) or undervalue it (considering the difficulties they face in raising the capital). We give an objective assessment of your startup and how much its valuation is.
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Funding through Angel Investors
FasterCapital has a strong network of more than 50,000 angel investors (some are listed here). We will help you to find and connect with as many angel investors as possible.
Our investors network includes angel investors from different countries who are interested in investing in different industries (FinTech, EdTech, B2B, B2C AI, and others).
We can also work with different stages, we have investors who are interested in early-stage, MVP stage, seed stage, series A stage and beyond. -
getting funded by VCs
We will work with you on approaching Venture Capital firms and getting funded for your startup successfully. FasterCapital has established many partnerships with many VCs worldwide.
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crowdfunding your startup
We will help you in creating improving and promoting your crowdfunding campaign through our network of angel investors and partners.
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Improve your Pitch Deck, Business Plan, and Financial Forecasts,
We help you first prepare the right documents. Without the right documents you have almost zero chance of funding your startup and raising the capital. Even if your idea is attractive and you have already passed the MVP stage, your chances of convincing an angel investor or getting funded by a Venture capital will be very low. You might be wasting weeks or even months without any results missing many opportunities.
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Find solutions for Fundraising Challenges
Many entrepreneurs spend six months to one year to fund their startup and raise capital. To get investors’ attention you will be competing with a lot of professional and serial entrepreneurs which requires a good level of professionality and quality on your part too. In order to reach quicker results in raising capital, we make sure that your documents are well prepared, you have a clear vision and you can find and connect with investors quickly and effectively. We have a very big network of investors that are classified according to their interests in industries and countries. We will be selecting only those who could be interested, send them the details about your startup and introduce you to them.
How can you refer entrepreneurs to FasterCapital?
If you have read about this program and you know of a startup (or startups) that might be interested in this program or any of our other programs (four programs: Raise Capital, Grow your Startup, Tech Cofounder or Idea to Product) then we appreciate it if you can introduce them to us. You can join us as an individual (Representatives) or as an organization (Partners). Please fill either of these forms and we will contact you back. You can check the list of our representatives/regional partners (individuals) or partners (companies) worldwide. In either case you will be rewarded with equity in the startup(s) accepted that we will be buying back immediately from you (around $10k).
Raise Capital Acceptance Criteria
In order to join our Raise Capital program, the startup can be at any stage (even idea stage) and it can be located anywhere. We will never ask you to relocate. There are basically no prerequisites for acceptance. The goal of the program is to help the startup raise capital and find investors.
There’s, nonetheless, a fee associated with our services. The costs will be discussed from early on according to the case and the services you are interested in.
Raise Capital steps
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Value your startup
Coming to a good valuation of your startup is a big challenge. Especially in their early stages, startups don’t have a clear record of revenues and are just relying on vague assumptions making it difficult to put a value on the business. We help you come to a fair valuation of your startup taking lots of parameters into account [including but not limited to: financial forecast, people behind the idea, MVM, profit margins, scalability, risk factors, and many more. We rely on different valuation methods to come to the best conclusions.
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Identify how much to raise
We will help you examine many factors before deciding on the amount of money to raise. We help by tuning the amount to meet your expectation, the valuation of your startup, how much equity to give at each stage and what we believe you can raise.
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Reach out to different funding sources
FasterCapital has a big network of investors (some are available on the website Investors network). Our investors are categorized according to their interest in certain industries and territories. We won’t be sending your pitch to hundreds of thousands of investors but rather we will match it with a small number of well-selected investors.
FasterCapital will help you in creating and improving your crowdfunding campaign and in getting funded through crowdfunding platforms more successfully and effectively.
FasterCapital has done a lot of partnerships with other Venture capital firms worldwide. We will be approaching them based on their interest and the stage of your startup.
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Review the Pitch Deck
We help you write/review or improve your pitch deck. If you don’t have a business presentation, then we will gather as much info from you and then prepare a draft that you can review and discuss. If you already have one, then we will try to review, edit and highlight some of the shortcomings that we can see. We will also help in the design of the presentation to ensure its high quality.
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Review the Business plan
We prepare/improve/review your current business plan. It’s absolutely important that your business plan is well-written, in a clear, concise, and comprehensive manner. An entrepreneur should also be able to discuss and explain the business plan when they are in a conference call or a meeting with an angel investor.
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Review the Financial model
FasterCapital will help create/review and improve your financial model. We will discuss thoroughly and challenge the assumptions that you have and try to come up with several versions. Making sure assumptions are highlighted and different scenarios are created will allow us to pitch more confidently to angel investors and show them that we are prepared not only for best case scenarios.
Raise Capital Process
We need first to review the startup and its documents and we will prepare a list of suggested improvements. Once finished, we will start contacting angel investors, accelerators/incubators, venture capital, government funding and wait for their feedback. We will sometimes do a direct introduction for you to follow up with.
1. Submission
A few minutes!
The entrepreneur has to submit the info of the project/startup by filling the Raise Capital brief form. We hope the entrepreneur will submit as much relevant info as necessary. There’s no need to submit any confidential information at this stage because we are in the assessment phase. So please submit whatever you feel is important to help us understand your startup, come with the right ideas on how to fund your startup, grow and expand it.
2. Initial Review
One to two days
Our team will work on reviewing your applications and screening the opportunity. We will send you more info about the program and send questions to learn more about what you need and about the project.
3. Providing our offer and preparing for a call
One week to two weeks
We will provide you with a pricing and possibly a discount based on the services that you have chosen. We will make a quick research about your competitors and try to forecast how the raising capital process will move forward for your business. We will have a call to discuss the offer in more detail with you.
4. Execution
One month to three months
We will start working according to the plan we have agreed on. We can start reviewing and improving your business plan, financial operating model and pitch deck. We will also start contacting angel investors, accelerators/incubators, venture capitals, government funding and crowdfunding platforms. In some cases, we will do a direct introduction via email where the entrepreneur can check what they can do.
Raise Capital FAQs
Raise Capital Questions
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What do you offer for startups in the Tech Cofounder Program?In this program, FasterCapital's team will handle technical development fully or partially. We are ready to become your technical cofounder and to be responsible for the whole development of the product from A to Z in case you have no technical team or looking for outsourced product development. We can also work with your team on specific technical modules. We are ready to invest 50% of the money needed in technical development. For example, if you are looking to raise $100k for your technical development then FasterCapital will invest 50% of that which is 50k and you only need to raise the other 50k. We will also help you get connected to investors/mentors who might be interested in supporting your startup.
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What are the initial terms to be accepted?They are highlighted on the website before you do the submission. 1. You should be willing to allow FasterCapital to become the technical cofounder and develop the whole product from A to Z, or continue its development or partially help in the development. 2. To start the development process, the founder needs to secure 50% of the costs. FasterCapital invests 5o% and is willing to offer a letter of commitment to help the entrepreneur in reaching angel investors more easily. 3. The entrepreneur should be willing to provide equity to FasterCapital in exchange for the technical development services it will be providing. FasterCapital will also provide a lot of other free services throughout the program such as market study, feasibility study, market strategy, and other legal services for free! FasterCapital will not be charging the entrepreneur for any of these services because we feel it’s our duty to provide them as a technical cofounder. 4. The entrepreneur doesn’t need to relocate to UAE. We are an online incubator, accelerator, service provider and you can reside anywhere in the world and even keep your daily job until the product is built.
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What kind of startups do you accept?We help startups in all industries as long as they have a technical component.
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Will FasterCapital be the owner of the startup?No. We will not become the owner of the startup nor the technology (hardware/software) as the technology will be owned by the startup itself in which we have shares.
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Who owns the source code and the IP (intellectual property) of the startup?The startup itself. FasterCapital has equity in the startup but the startup will own all source code and all IP from development. The source code can be later moved to another team if this is required.
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What happens after getting the initial acceptance?There are two main scenarios: 1. Either you have already raised the other 50% of the seed fund needed and then we can proceed with the technical development process. 2. Or you don’t have the 50% of the money and you are looking to raise them from angel investors or VCs. In such cases, we provide you with a “Letter of Commitment” that guarantees the money for you over a period of time. This letter is a commitment that the money you want from FasterCapital will be reserved for your project over a period of time (normally less than 3 months). So, in case you were able to raise the money from an angel investor then you will know for sure that the money we promised is already committed to you. Such a letter will significantly increase your chances of raising capital from a funding source.
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When will I receive the LoC “Letter of Commitment”?Once we gather all the information and agree on the amount of money that you want to raise, the amount of money needed for technical development, the equity given to FasterCapital, and discuss a little about how soon you think you can raise the other 50% from angel investors. Usually, once those are clear then your startup will be featured in front of the board and if you are accepted then you will receive a draft of the LoC that you need to fill and sign.
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What happens If I get rejected?You can re-submit. Maybe the information that you sent is not enough or maybe you should think again about the amount of money to be raised and the equity you want to give to FasterCapital. It’s a good chance to read more about the program and to rethink the opportunity. We encourage you to re-submit if you think it makes sense after the review.
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In the Letter of Commitment, you mention a period of 3 months as commitment, what happens if I could not raise the money needed during this period?"It depends on how advanced you are in the process itself and how much attraction you have got from investors. If there's progress then you can ask for an extension and we will study it and get back to you.
-
What resources does your business team provide?Our business team will restudy the whole business plan and come back with questions/challenges. This service is provided for free during the Tech Cofounder program and can amount to $150k. We provide some market and sales research, we can help through our network. We also provide Legal services but you might still need a dedicated lawyer in case things are complicated. In case you are interested in more comprehensive business development services, check out our growth program; Grow your Startup.
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Is the 50% co-funding a must criterion for the Tech Cofounder Program?50% is the standard requirement. We can accept startups that have 40% in some cases.
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If FasterCapital will handle the whole technical development process, what should be available from the entrepreneur?"An innovative idea, a business plan, a financial forecast study, and of course 50% of the funding. The founder(s) will be also responsible for raising funds, marketing, and sales.
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After getting initially accepted, when will I move to the next stage? When can we start the technical development process?"We can move forward once you secure the other 50% of the capital needed or got at least a clear positive commitment from an investor.
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What technologies is your team familiar with? What aspects of technical development can deal with in the Tech Cofounder program?You can take a look at technologies that we cover if you check accepted and graduated startups in our Tech Cofounder program (both graduated and those that are incubated now) by taking a look at our portfolio. The technologies covered include PHP, java, nodejs, react, different database types, .net, C#, Python, Android and iOS native applications, and many others.
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We already have a technical team. How can FasterCapital help me? Can I still get funding by FasterCapital?We can work with your already existing technical team on separate modules while covering 50% of the costs that FasterCapital’s team is responsible for. If your product is already built we can help with growing the startup by offering sales and marketing services in our Grow your Startup program while also covering 50% of the costs.
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Once the product is done, how do you manage upgrades and enhancements?"As long as we are the tech cofounder, then we will have to do all the upgrades and enhancements. We are always responsible for technical development and product improvement.
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Do you provide any other help besides technical help?Yes, we do. We have a full team of mentors and advisors. In addition, we can connect you with potential co-founders and clients. At a later stage, we can also help introduce your start-up to VCs and angel investors. We also cover 50% of the costs needed for technical development.
-
What are the biggest advantages of joining your program?You will have your first investor and you will have a technical cofounder/tech partner or your CTO! We will save you the trouble of finding a professional technical team. We will share the costs of development with you and will continuously support the products/services for any modifications or improvements that might be needed. You will have immediate access to potential investors who are ready to invest in your startup even if your business idea is at an early stage and all you have is a business plan and an executive summary. We are ready to work with you on building your dream technical startup and a presentable MVP product.
-
Who might join your Tech Cofounder program?Any entrepreneur who is looking for a technical cofounder or a professional technical team. So if an entrepreneur lacks the technical knowledge or the funding to build the technical component of their start-up, then we will be ready to offer technical development services and 50% of the costs.
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FasterCapital contributes 50% of the funding. Is the startup expected to contribute the other 50% of the fund on their own?The entrepreneurs are expected to secure the other 50% either through their own investment (savings, family or friends) or through an angel investor. Once the startup gets an initial acceptance then we will send them a letter of commitment where we clarify that we will commit 50% of the money they need. Such an agreement can be used when they will later raise money from angel investors (to show that they have been accepted and FasterCapital is committed to invest 50% of the money needed).
-
What do you offer for startups in the Tech Cofounder Program?In this program, FasterCapital's team will handle technical development fully or partially. We are ready to become your technical cofounder and to be responsible for the whole development of the product from A to Z in case you have no technical team or looking for outsourced product development. We can also work with your team on specific technical modules. We are ready to invest 50% of the money needed in technical development. For example, if you are looking to raise $100k for your technical development then FasterCapital will invest 50% of that which is 50k and you only need to raise the other 50k. We will also help you get connected to investors/mentors who might be interested in supporting your startup.
-
What are the initial terms to be accepted?They are highlighted on the website before you do the submission. 1. You should be willing to allow FasterCapital to become the technical cofounder and develop the whole product from A to Z, or continue its development or partially help in the development. 2. To start the development process, the founder needs to secure 50% of the costs. FasterCapital invests 5o% and is willing to offer a letter of commitment to help the entrepreneur in reaching angel investors more easily. 3. The entrepreneur should be willing to provide equity to FasterCapital in exchange for the technical development services it will be providing. FasterCapital will also provide a lot of other free services throughout the program such as market study, feasibility study, market strategy, and other legal services for free! FasterCapital will not be charging the entrepreneur for any of these services because we feel it’s our duty to provide them as a technical cofounder. 4. The entrepreneur doesn’t need to relocate to UAE. We are an online incubator, accelerator, service provider and you can reside anywhere in the world and even keep your daily job until the product is built.
-
What kind of startups do you accept?We help startups in all industries as long as they have a technical component.
-
Will FasterCapital be the owner of the startup?No. We will not become the owner of the startup nor the technology (hardware/software) as the technology will be owned by the startup itself in which we have shares.
-
Who owns the source code and the IP (intellectual property) of the startup?The startup itself. FasterCapital has equity in the startup but the startup will own all source code and all IP from development. The source code can be later moved to another team if this is required.
-
What happens after getting the initial acceptance?There are two main scenarios: 1. Either you have already raised the other 50% of the seed fund needed and then we can proceed with the technical development process. 2. Or you don’t have the 50% of the money and you are looking to raise them from angel investors or VCs. In such cases, we provide you with a “Letter of Commitment” that guarantees the money for you over a period of time. This letter is a commitment that the money you want from FasterCapital will be reserved for your project over a period of time (normally less than 3 months). So, in case you were able to raise the money from an angel investor then you will know for sure that the money we promised is already committed to you. Such a letter will significantly increase your chances of raising capital from a funding source.
-
When will I receive the LoC “Letter of Commitment”?Once we gather all the information and agree on the amount of money that you want to raise, the amount of money needed for technical development, the equity given to FasterCapital, and discuss a little about how soon you think you can raise the other 50% from angel investors. Usually, once those are clear then your startup will be featured in front of the board and if you are accepted then you will receive a draft of the LoC that you need to fill and sign.
-
What happens If I get rejected?You can re-submit. Maybe the information that you sent is not enough or maybe you should think again about the amount of money to be raised and the equity you want to give to FasterCapital. It’s a good chance to read more about the program and to rethink the opportunity. We encourage you to re-submit if you think it makes sense after the review.
-
In the Letter of Commitment, you mention a period of 3 months as commitment, what happens if I could not raise the money needed during this period?"It depends on how advanced you are in the process itself and how much attraction you have got from investors. If there's progress then you can ask for an extension and we will study it and get back to you.
-
What resources does your business team provide?Our business team will restudy the whole business plan and come back with questions/challenges. This service is provided for free during the Tech Cofounder program and can amount to $150k. We provide some market and sales research, we can help through our network. We also provide Legal services but you might still need a dedicated lawyer in case things are complicated. In case you are interested in more comprehensive business development services, check out our growth program; Grow your Startup.
-
Is the 50% co-funding a must criterion for the Tech Cofounder Program?50% is the standard requirement. We can accept startups that have 40% in some cases.
-
If FasterCapital will handle the whole technical development process, what should be available from the entrepreneur?"An innovative idea, a business plan, a financial forecast study, and of course 50% of the funding. The founder(s) will be also responsible for raising funds, marketing, and sales.
-
After getting initially accepted, when will I move to the next stage? When can we start the technical development process?"We can move forward once you secure the other 50% of the capital needed or got at least a clear positive commitment from an investor.
-
What technologies is your team familiar with? What aspects of technical development can deal with in the Tech Cofounder program?You can take a look at technologies that we cover if you check accepted and graduated startups in our Tech Cofounder program (both graduated and those that are incubated now) by taking a look at our portfolio. The technologies covered include PHP, java, nodejs, react, different database types, .net, C#, Python, Android and iOS native applications, and many others.
-
We already have a technical team. How can FasterCapital help me? Can I still get funding by FasterCapital?We can work with your already existing technical team on separate modules while covering 50% of the costs that FasterCapital’s team is responsible for. If your product is already built we can help with growing the startup by offering sales and marketing services in our Grow your Startup program while also covering 50% of the costs.
-
Once the product is done, how do you manage upgrades and enhancements?"As long as we are the tech cofounder, then we will have to do all the upgrades and enhancements. We are always responsible for technical development and product improvement.
-
Do you provide any other help besides technical help?Yes, we do. We have a full team of mentors and advisors. In addition, we can connect you with potential co-founders and clients. At a later stage, we can also help introduce your start-up to VCs and angel investors. We also cover 50% of the costs needed for technical development.
-
What are the biggest advantages of joining your program?You will have your first investor and you will have a technical cofounder/tech partner or your CTO! We will save you the trouble of finding a professional technical team. We will share the costs of development with you and will continuously support the products/services for any modifications or improvements that might be needed. You will have immediate access to potential investors who are ready to invest in your startup even if your business idea is at an early stage and all you have is a business plan and an executive summary. We are ready to work with you on building your dream technical startup and a presentable MVP product.
-
Who might join your Tech Cofounder program?Any entrepreneur who is looking for a technical cofounder or a professional technical team. So if an entrepreneur lacks the technical knowledge or the funding to build the technical component of their start-up, then we will be ready to offer technical development services and 50% of the costs.
-
FasterCapital contributes 50% of the funding. Is the startup expected to contribute the other 50% of the fund on their own?The entrepreneurs are expected to secure the other 50% either through their own investment (savings, family or friends) or through an angel investor. Once the startup gets an initial acceptance then we will send them a letter of commitment where we clarify that we will commit 50% of the money they need. Such an agreement can be used when they will later raise money from angel investors (to show that they have been accepted and FasterCapital is committed to invest 50% of the money needed).
-
What do you offer for startups in the Tech Cofounder Program?In this program, FasterCapital's team will handle technical development fully or partially. We are ready to become your technical cofounder and to be responsible for the whole development of the product from A to Z in case you have no technical team or looking for outsourced product development. We can also work with your team on specific technical modules. We are ready to invest 50% of the money needed in technical development. For example, if you are looking to raise $100k for your technical development then FasterCapital will invest 50% of that which is 50k and you only need to raise the other 50k. We will also help you get connected to investors/mentors who might be interested in supporting your startup.
-
What are the initial terms to be accepted?They are highlighted on the website before you do the submission. 1. You should be willing to allow FasterCapital to become the technical cofounder and develop the whole product from A to Z, or continue its development or partially help in the development. 2. To start the development process, the founder needs to secure 50% of the costs. FasterCapital invests 5o% and is willing to offer a letter of commitment to help the entrepreneur in reaching angel investors more easily. 3. The entrepreneur should be willing to provide equity to FasterCapital in exchange for the technical development services it will be providing. FasterCapital will also provide a lot of other free services throughout the program such as market study, feasibility study, market strategy, and other legal services for free! FasterCapital will not be charging the entrepreneur for any of these services because we feel it’s our duty to provide them as a technical cofounder. 4. The entrepreneur doesn’t need to relocate to UAE. We are an online incubator, accelerator, service provider and you can reside anywhere in the world and even keep your daily job until the product is built.
-
What kind of startups do you accept?We help startups in all industries as long as they have a technical component.
-
Will FasterCapital be the owner of the startup?No. We will not become the owner of the startup nor the technology (hardware/software) as the technology will be owned by the startup itself in which we have shares.
-
Who owns the source code and the IP (intellectual property) of the startup?The startup itself. FasterCapital has equity in the startup but the startup will own all source code and all IP from development. The source code can be later moved to another team if this is required.
-
What happens after getting the initial acceptance?There are two main scenarios: 1. Either you have already raised the other 50% of the seed fund needed and then we can proceed with the technical development process. 2. Or you don’t have the 50% of the money and you are looking to raise them from angel investors or VCs. In such cases, we provide you with a “Letter of Commitment” that guarantees the money for you over a period of time. This letter is a commitment that the money you want from FasterCapital will be reserved for your project over a period of time (normally less than 3 months). So, in case you were able to raise the money from an angel investor then you will know for sure that the money we promised is already committed to you. Such a letter will significantly increase your chances of raising capital from a funding source.
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When will I receive the LoC “Letter of Commitment”?Once we gather all the information and agree on the amount of money that you want to raise, the amount of money needed for technical development, the equity given to FasterCapital, and discuss a little about how soon you think you can raise the other 50% from angel investors. Usually, once those are clear then your startup will be featured in front of the board and if you are accepted then you will receive a draft of the LoC that you need to fill and sign.
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What happens If I get rejected?You can re-submit. Maybe the information that you sent is not enough or maybe you should think again about the amount of money to be raised and the equity you want to give to FasterCapital. It’s a good chance to read more about the program and to rethink the opportunity. We encourage you to re-submit if you think it makes sense after the review.
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In the Letter of Commitment, you mention a period of 3 months as commitment, what happens if I could not raise the money needed during this period?"It depends on how advanced you are in the process itself and how much attraction you have got from investors. If there's progress then you can ask for an extension and we will study it and get back to you.
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What resources does your business team provide?Our business team will restudy the whole business plan and come back with questions/challenges. This service is provided for free during the Tech Cofounder program and can amount to $150k. We provide some market and sales research, we can help through our network. We also provide Legal services but you might still need a dedicated lawyer in case things are complicated. In case you are interested in more comprehensive business development services, check out our growth program; Grow your Startup.
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Is the 50% co-funding a must criterion for the Tech Cofounder Program?50% is the standard requirement. We can accept startups that have 40% in some cases.
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If FasterCapital will handle the whole technical development process, what should be available from the entrepreneur?"An innovative idea, a business plan, a financial forecast study, and of course 50% of the funding. The founder(s) will be also responsible for raising funds, marketing, and sales.
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After getting initially accepted, when will I move to the next stage? When can we start the technical development process?"We can move forward once you secure the other 50% of the capital needed or got at least a clear positive commitment from an investor.
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What technologies is your team familiar with? What aspects of technical development can deal with in the Tech Cofounder program?You can take a look at technologies that we cover if you check accepted and graduated startups in our Tech Cofounder program (both graduated and those that are incubated now) by taking a look at our portfolio. The technologies covered include PHP, java, nodejs, react, different database types, .net, C#, Python, Android and iOS native applications, and many others.
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We already have a technical team. How can FasterCapital help me? Can I still get funding by FasterCapital?We can work with your already existing technical team on separate modules while covering 50% of the costs that FasterCapital’s team is responsible for. If your product is already built we can help with growing the startup by offering sales and marketing services in our Grow your Startup program while also covering 50% of the costs.
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Once the product is done, how do you manage upgrades and enhancements?"As long as we are the tech cofounder, then we will have to do all the upgrades and enhancements. We are always responsible for technical development and product improvement.
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Do you provide any other help besides technical help?Yes, we do. We have a full team of mentors and advisors. In addition, we can connect you with potential co-founders and clients. At a later stage, we can also help introduce your start-up to VCs and angel investors. We also cover 50% of the costs needed for technical development.
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What are the biggest advantages of joining your program?You will have your first investor and you will have a technical cofounder/tech partner or your CTO! We will save you the trouble of finding a professional technical team. We will share the costs of development with you and will continuously support the products/services for any modifications or improvements that might be needed. You will have immediate access to potential investors who are ready to invest in your startup even if your business idea is at an early stage and all you have is a business plan and an executive summary. We are ready to work with you on building your dream technical startup and a presentable MVP product.
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Who might join your Tech Cofounder program?Any entrepreneur who is looking for a technical cofounder or a professional technical team. So if an entrepreneur lacks the technical knowledge or the funding to build the technical component of their start-up, then we will be ready to offer technical development services and 50% of the costs.
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FasterCapital contributes 50% of the funding. Is the startup expected to contribute the other 50% of the fund on their own?The entrepreneurs are expected to secure the other 50% either through their own investment (savings, family or friends) or through an angel investor. Once the startup gets an initial acceptance then we will send them a letter of commitment where we clarify that we will commit 50% of the money they need. Such an agreement can be used when they will later raise money from angel investors (to show that they have been accepted and FasterCapital is committed to invest 50% of the money needed).