88mph – Cape Town Applications Closing Soon

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.

Important Links:
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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