Facebook has launched a Commerce Accelerator that will work with 60 startups selected from a pool of applicants from Europe, the Middle East, and Africa, as well as Latin America.
The selected startups will work with Facebook to help expand the reach and ease of its eCommerce tools, with a vision of “one unified shopping experience across all Facebook apps,” the company said in a blog post detailing the program.
“In this critical time, Facebook is doubling down on commerce and accelerating its work to enable every business to sell online and help people gain inspiration and discover and buy the products they love,” the company announced. “We can’t achieve this alone, so we are looking for startups to build technology with us.”
Facebook Accelerator: Commerce is a 12-week non-equity program supporting innovative commerce startups who renew shopping experiences for buyers and sellers.
Commerce startups we are looking for:
-Headquartered in Europe, the Middle East or Africa
-B2B or B2B2C startups with Seed to Series A maturity
-Evidence of significant progress in business growth and revenue
-The product that is focused on driving value for customers
-Groundbreaking technology or research
-A diverse and focused leadership team that is hungry to learn from and collaborate with Facebook.
Commerce solutions we are looking for:
-Technology that makes it quick and easy for companies to upload and manage inventory online
-Solutions that enrich product catalog functionality and intelligence
-Shopping experiences that help buyers in their consideration phase to make more informed purchasing decisions
-New and interesting solutions that drive innovation and enhanced shopping experiences
Program benefits
1.) Mentorship
You will have a dedicated Facebook mentor who will provide guidance on product development and business growth
2.) Training and Workshop
You will benefit from a comprehensive content program covering product innovation and business growth in the commerce space.
3.) Facebook Products and Technologies
You will have a family of products and technologies at your disposal geared to help your business grow.
4.) Valuable Network
You will have an opportunity to connect with talented founders of innovative commerce startups in Europe, Middle East and Africa, and deepen connections with Facebook experts representing various fields of expertise.
