88mph provides early-stage web/mobile companies with up to $100K in funding through their 3-month startup accelerator program. The Cape Town programme is open for applications until the 31 December 2013.
This is an exciting opportunity for startups, and includes:
- One hundred thousand dollars of funding against equity. Initially, the investment is a loan that is convertible to shares at a later stage.
- 3 month accelerator programme, with access to a team of advisors and a support infrastructure.
- Office space for three months in Cape Town.
The video below provides an introduction to 88mph.
Frequently Asked Questions – This is a useful page covering issues around co-founders, international application and clarification on what happens if your startup fails. The relevant section reads as follows:
What if I fail?
88mph invests against equity in your startup, so you are not liable in any way if you should fail.
Terms of agreement – Not really a legal document, but provides the gist of what you are getting into when applying.
Application Page – Go for it!
(In case you wondering why the name is 88mph, watch this clip. )
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