The FbStart Accelerator is a 6-month research and mentorship driven program for innovative and visionary teams daring to create solutions with advanced technologies. The accelerator provides these teams with the support they need to build and optimize value driven products and match them with resources from Facebook and CcHUB.
The research and mentorship-driven program would focus on providing teams with technical & business support and funding needed to optimize their product for growth. It is designed for startup and student teams building solutions that utilize any of these technologies; Artificial Intelligence, Data Science, Internet of Things, Augmented Reality (AR) and Virtual Reality (VR).
The onsite component of the accelerator is tailored for startup teams who would be physically present at NG_HUB while student teams would have the flexibility of a virtual acceleration program, with the option to work out of partner hubs.
NG_HUB, from Facebook and in partnership with CcHUB, is a deep-tech focused innovation lab for entrepreneurs, students, researchers, technologists and other stakeholders building solutions with advanced technologies.
FbStart Accelerator Program Categories.
The program is designed to support teams in two categories:
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Onsite Acceleration for Startup Teams: Designed for startup teams with existing products who have customers or are market-ready.
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Virtual Acceleration for Student Teams: Designed for Nigerian and Ghanaian students (BSc, MSc or PhD) with working prototypes or the technical expertise required to build intended solutions.
FbStart Accelerator Program Eligibility.
- Onsite Accelerator: Startup Teams
- Have a functional product leveraging one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Augmented Reality or Virtual Reality
- Have gained some users/customers.
- Have a technical lead and founder (s) that are fully committed to the business.
- Have the potential to disrupt or greatly enhance their focus industries.
- Virtual Accelerator: Student Teams
- Be a BSc., MSc. or PhD student in a Nigerian/Ghanian higher institution as at July 2019.
- Have an MVP (Minimum Viable Product)/Prototype or be able to prove that you have the capacity to build your intended solution. Your solution must leverage one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Augmented Reality or Virtual Reality
- Have a technical lead and founder (s) that are fully committed to the business.
FbStart Accelerator Program Benefits.
Onsite Accelerator: Startup Teams
Startups that are accepted into the program will receive the following:
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Equity-free funding: Startup teams would get $20,000 in equity-free funding.
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Hands-on support: Product development, business strategy & structure, financial management and investment readiness.
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Access to technical experts and business mentors from Facebook and CcHUB’s network
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An office space with high-speed internet, meeting rooms & more.
Virtual Accelerator: Student Teams
Student teams that are accepted into the program will receive the following:
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Equity-free funding of $10,000.
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Hands-on support: Product development, Business strategy & Structure, and Investment readiness.
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Access to technical experts and business mentors from Facebook and CcHUB’s network
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Possible access to office space and high-speed internet at partner hubs.
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A flexible program designed with consideration to your academic obligations.
How to Apply for FbStart Accelerator Program.
Interested candidates who meet the criteria listed above should apply by clicking on the “Apply” button below:
For more information, contact [email protected].
Application Deadline: June 30, 2019 at 12:00am