Facebook-powered FbStart Accelerator at NG_HUB is currently open for all startups and students to apply. The accelerator is a tech-focused programme for innovative startups and student teams making using of next generation technologies to solve challenges of business and build solutions for future use.
In addition to launching #NG_Hub on Tuesday with @facebook, we opened the call for applications into the FbStart Accelerator.
The accelerator is designed for innovative startup and student teams using deep-tech to build solutions. Apply here: https://t.co/o2ROudEvcN pic.twitter.com/I1HvyH21xt
— Co-Creation Hub (@Cc_HUB) May 24, 2018
The announcement was made during Facebook’s recent unveiling of its first African Hub space, NG_HUB in Lagos. The 6 months research and mentoring programme would focus on providing interested teams with the necessary tool, technical and business support as well as funding needed to launch their innovations.
The NG Hub FBStart accelerator program is a 6 month program. @CoLab_kd will provide virtual accelerator services.
— Robert Thas John (@robert_thas) May 22, 2018
The accelerator is fashioned out in such a way that both startup teams who would be physically present at NG_HUB (Onsite) and student teams in their different schools (Offsite) would have the flexibility of a virtual acceleration programme. The student teams participating in the Offsite programme would have the option to work out any of Facebook’s 7 other partner hubs.
It is designed for teams using any of the following leveraging any of the following next generation tech like Artificial Intelligence, Data Science, Internet of Things, Augmented Reality (AR) and Virtual Reality (VR).
As for the onsite programme, startups would need to have been using any of the above-listed next generation tech, have existing business users, and a committed team ready to drive development in their focus industries. The startups accepted into the programme would receive $20,000 in equity-free funding, business and technical supports from Facebook and partner CcHUB as well as office spaces with a quality environment.
FbStart Accelerator Programme at NG_HUB for innovative start-ups and students (Equity-free funding & Mentoring)
Application Deadline: June 29th 2018 https://t.co/TOUJIL34yX
The FbStart Accelerator at NG_HUB is a deep-tech focused accelerator program for… https://t.co/TOUJIL34yX
— Victoria M (@CMkasanga) May 23, 2018
Also, the offsite programme, student teams must be be a BSc., MSc. or PhD student in any Nigerian higher institution as at July 2018. The teams must also ensure to have a disrupting idea in any of the next generation tech options and have a team committed to the cause.
Teams that qualify and are drafted into the programme would also be receiving equity-free funding (BSc. students – $5,000. MSc. students – $10,000 PhD. students – $15,000) as well as business and technical supports from Facebook and partner CcHUB and office spaces with a quality work environment in any of the Facebook partner hubs. Students teams would also have a flexible programme drafted for them, in consideration of their academic obligations.
Applications are currently open here until June 29th, 2018.
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