Posted on September 20, 2019
Berytech showcased the nine Lebanese startups developing innovations in education, clean technology, health, and road safety. participants enrolled in Innovation Factory – a 6-month acceleration program allowing startups to develop their innovation into commercially viable products and applications.
The program, funded by the European Union under THE NEXT SOCIETY and organized in Lebanon by Berytech and Anima, is based on facilitating the process of technology transfer from researchers and innovators to the public.
Starting with a 3-day bootcamp back in April, the 9 teams then went through a 3-month acceleration program which culminated in the demo day on September 19, allowing two startups to further benefit from 3-month incubation with Berytech. The 2 teams will receive in depth support to develop the business plan and projects, access to Berytech investment and partners network and networking events, as well as participate in the Emerging Valley conference in France in December, representing Lebanon, along with other researchers and innovators from the MENA region.
The two startups are C Green who are transforming sludge – the solid part obtained at the end of the wastewater treatment, into local organic fertilizer according to the Food and Agriculture Organization of the United Nation (FAO) guidelines by using a special process for the treatment, and VitaLip, a lipstick that provides women with their daily needs of 3 essential and critical vitamins mainly B9, B12, and D preventing deficiency, especially at their child-bearing age.
The nine teams showcased their innovations and pitched in front of an audience of partners, industry players, experts and investors with jury feedback.
The judges were Ramy Boujawdeh – Deputy General Manager at Berytech, Mohab Anis – CEO of Innovety, Elias Bachaalany – Member of the LIRA Program, and Dr. Fadia Homeidan – Director of Technology Transfer Unit and Center of Research and Innovation at AUB.
The event also featured matchmaking meetings between the teams and seasoned investors, industry leaders and experts to explore investment and business opportunities. Two teams were selected to proceed for the incubation phase of the program at Berytech where they will be assisted to develop their business.