FbStart Accelerator 2018

The FbStart Accelerator at NG_HUB 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 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.

DURATION: 6 months

Onsite Accelerator: Startup Teams 

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

1. Equity-free funding: Startup teams would get $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 the Facebook and CcHUB network
4. An office space with high-speed internet, meeting rooms & more.

ELIGIBILITY CRITERIA
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, Artificial Reality or Virtual RealityHave gained some users/customers.
2. Have a technical lead and founder (s) that are fully committed to the business.
3. Have the potential to disrupt or greatly enhance their focus industries.

Virtual Accelerator: Student Teams 

BENEFITS
Student teams that are accepted into the program will receive the following:

1. Equity-free funding: BSc. students – $5,000. MSc. students – $10,000 PhD. students – $15,000 
2. Hands-on support: Product development, Business strategy & Structure, and Investment readiness.
3. Access to technical experts and business mentors from the 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.

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

1. Be a BSc., MSc. or PhD student in a Nigerian higher institution as at July 2018.
2. Have an idea, research or product that would leverage one of these technologies; Artificial Intelligence, Internet of Things, Data Science, Artificial Reality or Virtual Reality
3. Have a technical lead and founder (s) that are fully committed to the business.