Are you an entrepreneur looking for support in the technical areas of your business, then apply for the Faster Capital Tech Cofounder program.
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About Faster Capital Tech Cofounder
If you are looking for a technical cofounder, a tech partner or a technical development team for your startup then search no more! Faster Capital will become the technical cofounder and its internal team will be responsible for building the whole product from A to Z.
The initiative will help non-technical entrepreneurs build a successful technical start-up, thereby allowing the start-ups’ founders to focus on other key areas, such as refining their products/services, focusing on business development, sales, and other important non-technical aspects. It also helps technical entrepreneurs who don’t have the right team to build the startup.
Faster Capital provides 50% of the money needed in technical development per equity. So, you will find yourself the technical cofounder and secure half of the money you need. That is why the unique model is called: co-founding and co-funding. Co-founding means that Faster Capital will become a technical co-founder for the startup and will build its products from A-Z. while Co-funding means that it will also be ready to invest 50% (or in some cases more) of the capital needed and invest in the startup (even from the idea stage). Of course, acting as a co-founder is not limited only to development but rather to improving on the startup, its market, products, and how to improve the chances of the startup to be successful and generate income.
Unlike other incubators, Faster Capital invests in fewer startups and is ready to commit for a longer period of time and in multiple rounds of funding.
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Benefits
The Faster Capital Tech cofounder/Tech partner program (named previously incubation program) offers the following services to start-ups mainly on equity or co-founding basis. Some of the benefit for entrepreneurs include;
Investing
Faster Capital is ready to invest 50% of the funding you need and up to $2M and act as a cofounder.
Technical cofounding
They will become your startup developer and tech partner, saving you the troubles and challenges in getting the development team, follow up with them, and ensure they are working according to the plan.
Develop your Startup
The initiative will provide software developers, designers to develop your startup.
Finding your first investor
FasterCapital is willing to be the first investor in your startup. It will invest 50% of the money you need in technical development in each round of funding.
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Raise capital for startup
They will also feature your startup on their website. And help connect you to potential angel investors or Venture Capitalist that they have in their network.
Find a mentor
FasterCapital will be giving you access to its network of Mentors.
Grow your Startup
The initiative will help beyond being just a technical partner responsible for software development for your startup. As a technical cofounder, FasterCapital will use its knowledge and expertise in business development, sales and marketing.
Improve your sales and marketing
Then, it can help your startup explore new markets through its network. The network can help find potential clients, buyers or strike strategic partnerships. This service is provided for free to startups that are accepted in the tech cofounder program.
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The deadline for application for the Faster Capital Tech Cofounder is October 13, 2020. As an entrepreneur, you can read more to apply and find technical partners who can fund your business here; https://fastercapital.com/entrepreneur/joinus.html#questionnaire
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