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Calling all green entrepreneurs: Berytech launches EU-funded program

Source: Annahar
Maysaa Ajjan
Members of the GIMED program in their kickoff meeting. (Berytech)
Members of the GIMED program in their kickoff meeting. (Berytech)
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BEIRUT: Berytech, in the context of the EU-funded Green Impact MED Project (GIMED) under the ENI CBC Med Program has launched the Green Applied Research & Innovations Support Program to help green entrepreneurs working on green research and innovations take their projects to market. 

The program gives innovators and researchers the chance to turn their solutions into successful green startups. Selected projects must offer products, processes, or technologies leading to environmental improvements and sustainability such as energy-saving, pollution-prevention, waste recycling, green product designs, or corporate environmental management, and more.

The selected startups will begin with a two-month capacity building program tailored to support them in developing their green business models, access to finance and market strategies.

The 20 entrepreneurs will then pitch in front of a selected jury that will select 10 to continue to the next acceleration phase. These 10 entrepreneurs will benefit from one-on-one coaching sessions tailored to their needs to access finance and market opportunities as well as group coaching sessions where they will benefit from peer learning and targeted workshops.

After completing the coaching support phase, four entrepreneurs will be selected to continue with the incubation phase. The participants will get the opportunity to meet with investors to connect and potentially secure funding. The final four will benefit from 3-month incubation support from Berytech as well as receive a grant of 7,500€ to be spent on technical and business support. They will also have scheduled regional and international events to secure B2B meetings, trade deals and potential investments. 

Qualification Criteria 
To qualify, the green applied research projects or innovations must offer green products, processes, or technologies that are close to the market with intellectual protection potential.

They should have an existing prototype that is locally developed with the potential of scalability, combining innovation, technology and economic viability. The founding team of experts must be committed to implementing the project as an independent venture and should have a minimum of two preferably young women members per team.

The Project in Numbers
Duration: 36 months
Start date: 01 September 2019 – End date: 31 August 2022
Total budget: 2.633.106,29 €
EU contribution: 2.369.106,29€ (90% co-financing to project)
Main source of funding: European Union

To learn more and apply to the Green Applied Research & Innovations Support Program, please visit the website here: https://berytech.org/programs/gimed/garis/ 
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