FasterCapital is developing a new partnership with a leading incubator in India – AIC RAISE. This collaboration will come to help more entrepreneurs not only in Tamilnadu but also in the entire region. This partnership will support the amateur, average experience, and experienced entrepreneurs and their startups in all stages. FasterCapital will be putting all of its efforts to guide the startup in the right way and handling all the risks with them even from the idea stage. FasterCapital will become the technical co-founder and investing 50% of the needed money in technical development.
AIC RAISE will help them with their global investors’ network, mentoring, accelerate, and enterprise support. Mr. Bashar Hamood from FasterCapital has said about this partnership:
“We believe that startups are always looking for complementary services especially that in the early stages, and with our help we can support these startups to take off the ground”.
Mr. Ebin Ephrem Elavathingal from AIC RAISE also commented:
“We focus on social impact enterprises and startups and partnering with FasterCapital will help our startups to scale without borders, we see that such opportunities are vitally important for entrepreneurs and the entire startup’s ecosystem”.
Coimbatore, Dec 9th, 2019: Coimbatore’s first Atal Incubation Centre AIC RAISE, and Faster capital Dubai based Venture Fund and Incubator, today entered into a Memorandum of Understanding (MOU) for mutual cooperation, with the aim of help bigger numbers of entrepreneurs to build their startups by jointly invest in startups in Region. And working together to promote startups in Region through an incubation process which includes technical support, supervision, management and strategic planning support, back-office and Capital among others.
The Program will offer the startup a technical cofounder and an investment of 50% of the money it needs to raise through FasterCapital’s incubation program.
Dr. Madan A. Senthil, Director, AIC RAISE added:
“AIC RAISE is really excited about this new partnership with FasterCaptial. It is with great expectation that this new venture should help our entrepreneurs with their rapid acceleration and growth coupled with their empowerment and development”.
The MOU shall strengthen ties between AIC RAISE and FasterCapital and is expected to enhance the startup ecosystem of Coimbatore.