The FbStart Accelerator-Research Programme

Published by sanja

Deadline: 30 June 2019
Open to: startups and students
Benefits: funding, support, office space

Description

The FbStart Accelerator is a deep-tech focused accelerator program for visionary and innovative teams using advanced technologies to solve problems in our society and build solutions for the future.
The research and the mentorship-driven program provide 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 and Virtual Reality.
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.

Eligibility

Onsite Accelerator

To be eligible for the program, startups must meet the following criteria:

  1. Have a functional product leveraging one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Augmented Reality or Virtual Reality
  2. Have gained some users/customers.
  3. Have a technical lead and founder (s) that are fully committed to the business.
  4. Have the potential to disrupt or greatly enhance their focus industries.

Virtual Accelerator

To be eligible for the program, student teams must meet the following criteria:

  • 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.

Benefits

Onsite Accelerator: Startup Teams

 Startups that are accepted into the program will receive the following:

  1. Equity-free funding: Startup teams would get USD 20,000 in equity-free funding;
  2. Hands-on support: Product development, business strategy & structure, financial management and investment readiness;
  3. Access to technical experts and business mentors from Facebook and CcHUB’s network;
  4. 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:

  1. Equity-free funding of USD 10,000.
  2. Hands-on support: Product development, Business strategy & Structure, and Investment readiness.
  3. Access to technical experts and business mentors from Facebook and CcHUB’s network
  4. Possible access to office space and high-speed internet at partner hubs.
  5. A flexible program designed with consideration to your academic obligations.

How to apply?  

In order to apply, please fill the application form.

For more information, please visit the official web page.