This report showcases the impact of Berytech’s activities in supporting startups, creating a nurturing ecosystem for entrepreneurs and propagating entrepreneurship in Lebanon since its launch in 2002, with a specific focus on the culmination of achievements in year 2018.
Berytech was created with the vision to catalyze the Lebanese startup ecosystem. After close to two decades, it was able to create this giant ripple effect that has set in motion accelerators, incubators, VC funding, support organizations and government policies.
Today, we are reaping a generation that embraces the power of entrepreneurship and the impact it has on its future and the future of our economy.
Berytech is still the only organization in Lebanon to provide an across-the-board ecosystem for innovative entrepreneurs to create and develop their own startups and SMEs. When joining Berytech, one becomes part of an interconnected community of entrepreneurs, creators, experts, innovators, changemakers, dreamers, believers and hard workers.
Initiated in 2002 by the Saint-Joseph University, the establishment of Berytech was supported by key economic stakeholders including major banks and technology, commercial and industrial organizations.
In direct result of Berytech’s support
Over the past 16 years across the 3 Berytech sites
Through the companies that Berytech has supported
Note
It takes a period of 12-18 months for founders to turn their idea into an actual company, during which Berytech provides its support.
Includes participants of programs, workshops, trainings, competitions and other Berytech related activities
Through Berytech programs and competitions
Raised through international donors over the 15 years including IM Capital Funds
Note
Numbers exclude the impact of Berytech Technology Fund, Berytech Fund II, IM Capital
The sum of the total budget of investment across the 3 funds
All done by Berytech Technology Fund in 2016
Currently in portfolio of the 3 funds
Note
Numbers above are on the impact of Berytech Technology Fund,
Berytech Fund II, IM Capital
Through our acceleration, incubation, programs and competitions an increase of 32% since 2016
Out of the 62 startups we supported in 2017, 45 startups survive and are still active
Of the startups that Berytech supported, 12 were incorporated in 2017
By 30 active startups that Berytech supported in 2018
By 30 active startups that Berytech supported in 2018
By 6 startups supported by Berytech in 2017
By 30 startups that Berytech supported in 2018
By 30 startups that Berytech supported
Note
Numbers by those who reported back.
Through Berytech programs, trainings and related activities
Throughout the 3 Berytech sites in 2018
Organized by Berytech
Participated in by the Berytech team members
Managed by Berytech’s Business Support and Development Department
With local and international partners
With its thorough business support offerings and multi-faceted programs, Berytech aims to catalyze the growth of startups ensuring long-term sustainability of their businesses while assuring that they have constant and updated access to all the resources they need to scale-up.
The Department of Business Support and Development is the first contact point for any entrepreneur seeking the business support services of Berytech. The department offers customized support tracks to entrepreneurs at the different phases of their journey.
Struggling startups are ones missing key competencies in their core team. This is why we propose a number of trainings and workshops to help further develop their business skills. The numbers below are for the year 2018
Berytech leads mentoring interventions to empower its community of entrepreneurs. Mentors pass along their knowledge and share their experience with mentees, transferring personal experiences of creating their startup, solving specific problems and advising on networking opportunities.
In 2017, Berytech connected 50 mentors to 62 startups where 28% of our mentors are founders and entrepreneurs who give back to the ecosystem.
Berytech has built an ever-growing community of entrepreneurs encompassing all those that have been hosted, funded, or supported at any point throughout Berytech’s journey. By the end of 2018, the Berytech Community and Innovation Parks included:
Berytech alumni, whether hosted or supported, have a lifelong membership to the Berytech community. We reached out to the alumni who have successfully completed our programs since 2015. Here’s how they are doing today.
from our programs since 2015
are still active
from our startups since 2015
incorporated
Note
Numbers above exclude the impact of Berytech Technology Fund,
Berytech Fund II, IM Capital
Berytech has established 3 funding entities with the main objective of facilitating access to the right type of funding and investors while stimulating investment by co-financing and guaranteeing capital. Beyond capital, the funds also bring in the vast experience of their teams in technology and innovation increasing survival rate and mitigating investment risks.
The sum of the total budget of investment across the 3 funds
All done by Berytech Technology Fund in 2016
Currently in portfolio of the 3 funds
Creation date:2008
Investment focus:Information, Communication, Technology
Startup profile:Early growth startups
$6M:Value of funds managed (private donors)
5: Companies currentlyin portfolio (15 originally)
4: Exits
Creation date: 2015
Investment focus: Information, Communication, Technology, Digital content, Industrial and Product design, Fashion, Renewable energies
Startup profile: SMEs / Startups in acceleration
$51M: Value of funds managed (Central Bank Circular 331)
18: Companies currently in portfolio
Creation date:2015
Investment focus: Multi-industries
Startup profile:Early-stage businesses
$15M: Value of Funds managed (USAID)
15: Companies currently in portfolio
The funds of programs managed by Berytech come from international donors including UNDP, World Bank, Kingdom of the Netherlands and UNICEF. Projects have also been funded by the European Union through ENI-CBC, FARO, H2020, and the USA through USAID and the US Department of State.
Berytech is the ecosystem for entrepreneurs, providing a dynamic environment for the creation and development of startups and SMEs, fostering innovation, technology and entrepreneurship in Lebanon.
Berytech Mathaf
Damascus Street, Museum District
Achrafieh, Beirut, Lebanon
+961 (1) 61 25 00
Berytech Mar Roukoz
Saint Joseph University
Sciences & Technology Campus
Dekwaneh, Mount Lebanon
+961 (4) 53 30 40
Berytech BDD 1294
Bechara El Khoury Street
Beirut Digital District
Bachoura, Beirut, Lebanon
+961 (1) 64 95 55
P.O. Box
11-7503 Riad el Solh, 1107 2240 Beirut, Lebanon