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Facebook unveils 2 'Accelerator' programmes to nurture startups
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IANS | 05 Aug, 2020
To help nurture the startup
ecosystem, Facebook has launched two new Accelerator programmes that
will focus on product themes and exploration of collaborative
partnerships to provide even more value for startups.
Called
‘Facebook Accelerator: Connectivity' and ‘Facebook Accelerator:
Commerce,' the 12-week programmes will take on a new format and will be
completely virtual.
Applications for both the programmes are now
open and the social network is "looking forward to providing this new
innovative cohort with access to resources, industry experts, mentors,
and potential investors".
"To continue the momentum of all the
great work to date from startups in our programmes, we will be launching
two Facebook Accelerator Commerce programmes that will run concurrently
and will be available to selected startups," Facebook said in a blog
post this week.
Over the past several years, Facebook Accelerator
programmes have run in various countries, helping startups scale
effectively through immersive and locally-tailored training.
The
programme provides 1:1 mentorship from Facebook employees, training on
Facebook's approach to products and businesses, and access to a global
network of startup peers, successful founders, and industry experts.
The
coronavirus pandemic has exposed the hard truth of the digital divide
and the critical need for reliable, affordable internet connectivity.
"The
‘Facebook Accelerator: Connectivity' programme will strengthen emerging
startups focused on the same goal of bringing more people online to a
faster internet," said the company.
This programme is for
startups in the Americas that are focused on improving connectivity
through technologies, solutions, and new models that address the
availability and affordability of internet access.
‘Facebook
Accelerator: Commerce' is for startups in Latin America, Europe, Africa,
and the Middle East building on commerce platforms, innovating
solutions around catalog functionality, and enhancing the overall
commerce experience through conversational tools and immersive shopping
experiences.
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