Posted on June 10, 2014
Berytech growth SMEs will be given a further boost to accelerate their businesses through a partnership with Eureeca.com, the first global crowdinvesting platform where businesses raise capital to expand and grow from of a crowd of investors in exchange for shares in their business.
Both organizations signed an agreement of collaboration on June 10, having a vested interest to ensure businesses with innovation continue to get funding to expand and scale, providing them with a powerful means to raise expansion capital from a crowd of investors therefore ensuring continued growth.
Being hosted in Berytech Digital Park-BDD1294, Eureeca will share its expertise in crowdinvesting with the community adding value and expertise for entrepreneurs looking to initiate funding campaigns through hands-on trainings, clinics and events.
Select companies referred by Berytech will be provided with an explicit Berytech “mark of approval” badge on their funding campaign on eureeca.com, accelerating their boarding time and process on the platform.
Relying on a collaborative approach and providing a wide array of support to growth businesses, Berytech seeks continuously to develop strategic partnership adding opportunities to its community of entrepreneurs and opening up new professional networks.
“Berytech considers this new joint effort as a key addition to the services put at the disposal of the entrepreneurs, providing them with an additional tool to help them bridge the gap between early stage bootstrapping and latter fund raising, where funds such as the upcoming Berytech Fund II might play a role" declared Mr. Paul Chucrallah, Managing Director of Berytech Fund II.
The collaboration with Eureeca’s innovative platform will serve as an enabler for businesses allowing them to approach a vast network of investors. Berytech will support the companies that launch funding campaigns, by helping them enhance their potential to reach their desired funding goal through adapted counselling and programs.
“Partnerships like the one we cemented with Berytech are instrumental in ensuring growth companies continue to scale and expand. Our mission is closely aligned with Berytech’s– to provide a powerful avenue for the growth of businesses in Lebanon. Through this partnership, Eureeca will inspire and drive tremendous input for Berytech entrepreneurs. We hope to see a day where every Berytech business lists a funding campaign from the crowd as a natural part of their funding journey” said Sam Quawasmi, MD & Co-Founder of Eureeca.
Crowdinvesting presents a powerful tool for growth operational small businesses to connect with a pool of investors and raise needed capital. Businesses will be funded by the “crowd” which includes both individual and institution al investors and thus will gain wider exposure and access to strategic networks and support.
The strategic collaboration between an incubator-business development centre and a crowdinvesting platform presents a long-term vision bridging experts, networks as well as technology firms with funding opportunities and will increase success rate for businesses in achieving their financial target and plan their next stage of growth.