Posted on August 10, 2021
Out of the 20 initial projects, 10 startups pitched during a Pitching and Matchmaking Event organized by Berytech, where 4 finalists were chosen to join the incubation phase and receive additional support under the Green Applied Research & Innovations Support Program.
In the context of the EU-funded Green Impact MED Project (GIMED) under the ENI CBC Med Programme, the program has given these innovators and researchers the needed access to financing and networking opportunities and supporting them to develop their green business model to bring their innovation to the Mediterranean markets, contribute to a greener economy, and secure more jobs, especially for women and youths.
The Pitching and Matchmaking event was an exciting opportunity for the 10 startups to showcase their solutions to a jury of experts and meet with potential investors. Jury members evaluated the solutions to select the 4 most promising ventures who will move to the next phase. The 4 selected teams are:
The 4 finalists will benefit from 3 months of 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 business meetings, trade deals, and potential investments.
The 10 teams who pitched at the event have innovated solutions in the fields of energy-saving, pollution prevention, waste recycling, green product designs, etc. The pitched solutions included:
Jury members Andrea Ruzo, Dominique Salame, Danny Maalouly, Alain Daou, Rani Al Achkar, and Joelle Atallah evaluated the businesses based on their value proposition, market needs, access to market strategies, environmental and social impact, innovation and technology, revenue model, financials, and team.
The startups were also matched with potential local and international investors from France, Morocco, Lebanon, UAE, and Greece in one-on-one meetings on Zoom.
Startups present an investment teaser prepared during their capacity-building sessions and received feedback to attract potential funding.
Berytech is the official partner of the GIMED program in Lebanon empowering green entrepreneurs at the idea and growth stage in addition to green experts.
Duration: 36 months
Start date: 01 September 2019 – End date: 31 August 2022
Main source of funding: European Union (ENI CBC Med Programme)