IT startup incubating company Fast Track Asia has announced the launch of a seed funding program titled, “Fast Track Asia Talent Fund” which offers support with angel investment and differentiating services or products.
The new program extends from the incubator’s previous startup CEO program that involved the co-founding of companies with selected candidates. Angel investors will invest 10 – 50 million won and take a minor stake in new businesses or teams preparing to found a company.
With the numerous incubators, angel investors and accelerators now available, Fast Track Asia Talent Fund’s characteristics can be summarized into three points. Firstly, after the first meeting an investment decision is made within 24 hours and funds are transferred within 72 hours. Additionally, management and infrastructure support offered will be similar to that of other portfolio companies including PR, recruiting, finances and accounting. Lastly, teams will be offered mentoring from a network of 20 successful entrepreneurs including Chester Roh from Fast Track Asia and Daniel Shin, CEO of Ticket Monster.
Those eligible for investment can be teams or individuals with prototypes in the internet, mobile, game or education areas, and having developers on your team will give you an advantage. Applications and business plans can be sent to firstname.lastname@example.org.
Fast Track Asia CEO Ji-woong Park said, “Through this program we plan to offer a competitive service that uses Fast Track Asia’s full network and support, together with startup angel investment. We’re looking forward to seeing more passionate and talented individuals through this program.”