London-based Founders Factory, a company builder and early-stage investor, announced on Tuesday that it has partnered with Fastweb, an Italian telecom firm, to launch a new venture studio and accelerator to help the development of entrepreneurs in Italy.
Based out of Milan, the joint venture will build, fund, launch, and scale more than 30 Italian and international innovative digital businesses over the next five years.
Through the new venture studio and accelerator programme, Founders Factory and Fastweb will focus on Smart Home, Cybersecurity, Healthcare, Edtech, and Industry 4.0.
While the startup accelerator will focus on assisting pre-seed and seed-stage startups to scale, the venture studio will design and launch new tech startups.