Facebook partners with VC fund Stellaris to provide a two-day mentoring programme to SMBs

Expertise for MSMEs: Fb in the present day has introduced its partnership with the enterprise capital fund Stellaris Enterprise Companions to scale small companies by offering them with digital abilities.

The partnership is part of the social media platform’s VC Model Incubator Program to construct the ecosystem for SMB development within the nation.

Through the pandemic, the VC Model Incubator program has advanced right into a two-day digital occasion from a one-day bodily workshop.

As part of the programme, Fb has been associating with a number of enterprise capital funds to supply younger companies with digital abilities and to enhance key profitability levers equivalent to new buyer acquisition, attain, and model engagement.

The programme was launched two years again and since then has mentored greater than 200 small companies at varied levels of their development. In its earlier avatar, the programme has tied up with 9 VC funds equivalent to Stellaris Enterprise Companions, Hearth Ventures, Elevation Capital (of SAIF Companions), Surge (from Sequoia), DSG Client Companions, Matrix Companions, amongst others.

“As enterprise after enterprise strikes on-line in present instances, the necessity for well timed digital up-skilling turns into much more pressing to drive their restoration and development,” mentioned Archana Vohra, Director, Small and Medium Companies at Fb India.

The most recent version of the VC model Incubator program is focussed on well being and wellness, e-commerce and client packaged items.