Institute of Entrepreneurship Development (iED) is a private state-of-the-art research organization committed to promoting innovation and enhancing the entrepreneurial spirit. Established in 2005, iED is a certified leading Center of Excellence in European entrepreneurship and a fast-growing Digital Innovation Hub that recognizes entrepreneurship as a crucial factor for sustainable development and cohesion of societies.
FasterCapital is an online incubator that helps startups worldwide -especially non-technical ones- establish their business. It is founded in 2010 and has its headquarters in Dubai. The company helps entrepreneurs through three main programs:
- Raise capital: It matches the startup (at different stages) with potential angel investors, venture capital, loans, and crowdfunding.
- Technical cofounder: FasterCapital becomes the technical cofounder and invests 50% of the money needed in technical development, and does the whole technical development.
- Grow your startup: FasterCapital becomes a business partner and co-founder by investing 50% of the money while providing business development per equity.
iED and FasterCapital will work in a complementary way. They will aim to work together on strengthening each other’s network and connecting each other with people who might be interested in their models respectively.
Mr. Hesham Zreik, CEO of FasterCapital commented on this partnership, “IED and FasterCapital are now partners, and this partnership will hopefully be fruitful for both parties and entrepreneurs worldwide.”
Dr. Anastasios Vasileiadis, CEO of the Institute of Entrepreneurship Development (iED) also commented on the collaboration ”iED is always on the lookout for new partners, with great expertise, that can help our cause in promoting and enhancing entrepreneurship throughout the world. We strongly believe that our collaboration with FasterCapital will be a collaboration that will add great value to our journey!”
For more information on this important collaboration, you can visit Institute of Entrepreneurship Development and FasterCapital’s official websites. Stay tuned for more news and updates on our innovative actions, promoting entrepreneurship across the world. This is a collaboration you will not want to miss out on!