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Berytech to invest in Lebanese green startups

Berytech to invest in Lebanese green startups

Lebanon-based Berytech, in partnership with the EU-funded Green Impact MED Project (GIMED), has launched a green applied research and innovations support programme to support impact entrepreneurs working on green research and help them transform their ideas into market-ready products.

The programme will initially select 20 startups to participate in its capacity building programmes, of which 10 will be selected by a jury to qualify to the acceleration phase where they will receive coaching and mentorship sessions as well as an opportunity to access finance and market, among other benefits.

The 10 projects will compete in a pitching event where four only will be qualified to partake in a three-month incubation. These startups will be eligible for a grant of €7,500 ($8,85) and to attend the scheduled regional and international events to secure B2B meetings, trade deals and potential investments.

Selected projects must offer products, processes, or technologies that drive positive environmental and social impact such as energy-saving, pollution-prevention, waste recycling, green product designs, or corporate environmental management.

The programme will begin accepting applications from startups 30 October 2020, with young women particularly being encouraged to apply.

 

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