Founders Factory Enters Italy in Partnership with Fastweb
Founders Factory (an early-stage investor and UK company builder) has announced their new partnership with Fastweb (a leading Italian telecommunications company) to launch a new venture studio and accelerator under the Founders Factory brand in Milan, Italy.
More than €2 billion in venture capital has been invested in Italy in the last year, helping position it as a viable competitor to more established European markets elsewhere.
Italy’s growing startup sector helped influence the choice of that nation and Fastweb as a partner.
The London-based startup builder was already working globally, but this partnership means they will not only have a physical presence in Italy but also work closely with a strategic ally. The new venture aims to help up
to 30 startups over the next five years. Founders Factory has already worked across Europe, including Italy, and helped to create 80 startups and scale over 200 startups with its existing accelerator network.
Henry Lane Fox, Founders Factory CEO, says "This will allow ambitious entrepreneurs, from Italy and Southern Europe, to benefit from our wealth of knowledge and expertise of how to build great businesses.”.
Alberto Calcagno, Fastweb’s CEO, notes “this move helps to make Italy a destination of choice for startups looking to launch new businesses.”
(Founders Factory is a prospective downstream partner for IDEA FACTORY startups)
