About FasterCapital's Tech Cofounder program aims to provide 50% business funding up to USD 2M and act as codounders for tech startups.

FasterCapital's Tech Cofounder Program is designed to help startups and entrepreneurs who need technical expertise to develop their products but lack a technical co-founder or tech team. This program offers a range of services to help startups overcome technical challenges and build their products while focusing on growth and business development.

Here are the main features of the program:

1. Tech Development: FasterCapital acts as a technical co-founder by handling the development of the tech product (websites, apps, platforms, etc.). Their team takes care of software development, product management, and technical innovation.

2. Investment: The program covers up to 50% of the technical development costs, reducing the financial burden on the startup. This allows founders to focus on other aspects of the business like marketing and customer acquisition.

3. Mentorship and Consultation: Startups are provided with business development support, mentoring, and advisory services. FasterCapital also helps with strategic planning, pitching to investors, and market analysis.

4. Network and Resources: The program connects startups with FasterCapital’s global network of mentors, investors, and partners, giving entrepreneurs access to additional resources and opportunities for collaboration.

5. Fundraising: FasterCapital helps startups raise funds through their network of investors and VC connections. This can be a significant advantage for startups that need capital for scaling and growth.

6. Focus Areas: The program is open to startups in different industries, including fintech, e-commerce, AI, healthcare, and more. However, the focus remains on tech-driven businesses.

 Application Process

Startups can apply to the program by submitting their business idea and proposal through FasterCapital’s website. The selection process evaluates the potential of the startup, the market opportunity, and the founder's commitment. If selected, the startup will enter the program and work with FasterCapital’s tech and business teams to build and scale their product.

You can apply for FasterCapital’s Tech Cofounder Program through their official website: (FasterCapital CoFounder Application Page ). 

Tips to Succeed in Your Application

1. Clear Business Idea: Clearly articulate your business idea, including the problem you're solving and the target market. A well-defined concept helps demonstrate your understanding of the business landscape.

2. Market Research: Show that you’ve done thorough market research. Include data on market size, potential customers, competitors, and industry trends. This will help validate the demand for your product.

3. Value Proposition: Clearly explain what makes your product unique. Highlight the features that differentiate your solution from competitors and how it benefits customers.

4. Business Model: Outline your business model, including how you plan to generate revenue. Investors want to see a viable path to profitability.

5. Team Composition: If applicable, describe your team and their skills. Highlight any relevant experience or background, especially in business, sales, or marketing, since you’ll be lacking technical expertise.

6. Tech Requirements: Be specific about your technical needs. Describe the technology you want to develop, including the platform (web, mobile, etc.), required features, and any special technical requirements.

7. Clear Goals: Outline your short-term and long-term goals for the business. This could include milestones you aim to achieve, such as product launch, user acquisition targets, or revenue goals.

8. Passion and Commitment: Show your passion for the project and your commitment to making it succeed. Investors are often drawn to founders who are genuinely invested in their idea.

9. Be Open to Feedback: Express your willingness to receive feedback and iterate on your business model or product. This shows adaptability and a collaborative spirit, which are crucial in startup environments.

10. Networking: If possible, connect with current or former participants of the program. They can provide insights and tips based on their experiences.

This program is ideal for non-technical founders who need a reliable partner to build and launch a tech product.

By preparing a strong application that addresses these aspects, you can enhance your chances of being selected for FasterCapital’s Tech Cofounder Program. Good luck!