Socioeconomic Accelerator

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Tehran2015-2016CEO, Concept developer

Rasta accelerator has been the central theme behind the establishment of the Rasta Institute for Management and Technology Development. This project was designed to focus on supporting, guiding, and developing innovative startups in the socio-economic domain. Its primary goal was to leverage the experiential, knowledge-based, and network capital of the institute to play an effective role in the advancement and improvement of various social sectors in the country.

The Rasta Accelerator, like other acceleration centers, followed a similar overall process, including identifying talented individuals, evaluating business ideas, providing initial financial and infrastructural support, offering consultancy and training, fostering business development, networking, and facilitating the secondary growth of startups.

More specifically, the defined services of the accelerator included:

  • Providing targeted seed funding for the formation and early-stage development of startups.
  • Offering business, legal, marketing, and management consulting services to facilitate business implementation.
  • Sharing rich entrepreneurial experiences through mentorship and interactive workshops.
  • Delivering business and leadership training programs.
  • Facilitating investment attraction for future business growth.
  • Providing office space and administrative facilities.
  • Market development and establishing necessary connections to facilitate business operations and future expansions.
  • Offering post-acceleration support after startups exit the acceleration process.

After the complete design and initial structuring phase, the project was halted during the admission process of the first specialized teams due to the approach of the partners and their failure to fulfill commitments. Subsequently, the Rasta Accelerator’s focus was revised and adjusted, continuing under the Rastup brand to support and nurture small-scale innovative ideas. This initiative has remained active and has primarily evolved into a startup studio model.

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