Berytech Impact Report 2020

This report showcases the impact of Berytech’s activities in supporting startups and SMEs, creating a nurturing ecosystem for entrepreneurs and propagating entrepreneurship in Lebanon with a specific focus on the year 2020.

THE YEAR 2020 IN NUMBERS

160startups Supported

Through our programs and competitions in 2020

$1.5MRevenue Generated

As reported by 22 startups supported in 2020

496SMEs Supported

Through our programs and trainings in 2020

18New Companies Incorporated

of the startups that Berytech supported

241Trainings and workshops

Conducted by Berytech in 2020 within all its programs and competitions

28Programs managed

With local and international partners in 2020

$755KReceived in Grants

by the startups that Berytech supported in 2020

129 hosted companies icon

91Hosted Companies

Throughout the Berytech 3 innovation parks in 2020

1,488New Jobs Created

as reported back by the startups and SMEs that Berytech supported in 2020

OUR PROGRAMS & BUSINESS SUPPORT

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.

Programs Participants in 2020

Development & Capacity Building Activities in 2020

+45NPS SCORE

Net Promoter Score (NPS) is the percentage of customers rating their likelihood to recommend a company, a product, or a service to a friend or colleague. NPS has been widely adopted by Fortune 500 companies and other organizations. According to global benchmark data, which accounts for the NPS of more than 150,000 organizations, the average score is +32.

BERYTECH’S SUPPORT FALLS UNDER THESE CATEGORIES

Capacity Building & Networking

Policy
Reform

Startup & SME Development

Startup Acceleration & Incubation

Technology Transfer Support

Startup & SME Incubation

Student Entrepreneurship Development

Women Empowerment

OUR INDUSTRY VERTICALS & PROGRAMS

Under the broad umbrella of fueling and supporting entrepreneurship, Berytech’s main activities and programs fall under several industry verticals: Agriculture and Food, Water, Energy and Food, Clean Technology, Green Entrepreneurship and Circular Economy, and Social Entrepreneurship, all involving ICT and innovation.​

The following is an overview of the programs and projects developed and managed during 2020.

OUR COMMUNITY

Berytech provides entrepreneurs with hosting facilities while serving their needs in terms of space, infrastructure and value-added services. This allows them to grow within its community and build interconnected networks of like-minded innovators. It also gives them the chance to exchange expertise and knowledge.

Innovation Parks in 2020

Berytech currently runs 3 sites in Lebanon serving entrepreneurs in the greater Beirut Area, with a fourth innovation park planned in Amchit. Members of the Berytech community, including hosted tenants and alumni, have access to all the programs, competitions, networks and resources that Berytech offers. 

Berytech Fab Lab in 2020

The Berytech Fab Lab opened in October 2017, co-funded by the Embassy of the Kingdom of the Netherlands and Berytech. It is the sole organization in Lebanon member of the Fab Foundation, the main international authority certifying Fab Labs around the world, offering a technical prototyping platform for innovation and invention, aiming at turning ideas into prototypes. 

The Berytech Fab Lab is an open-access digital fabrication lab bringing together a great community of makers and offering top of the art machines for hardware and electronics fabrication. 

The Berytech Fab Lab proposes workshops to develop makers’ skills and competencies in hardware and software usage. It also gives Lebanese makers access to local and international networks of makers and entrepreneurs.

BERYTECH IN NUMBERS

Berytech’s role is multifold in building an all-inclusive ecosystem for its own entrepreneurs while contributing to the growth of the Lebanese entrepreneurial ecosystem in general. It has helped shape the cultural norms of the society in accepting and supporting the concept of entrepreneurship, while its different activities continue to push new avant-garde concepts. Berytech serves as a nucleus in connecting different stakeholders in the ecosystem and it strives to influence policymakers and legislating bodies to issue laws that benefit the ecosystem.

These numbers reflect our cumulative impact up to 2020

300+Startups Incorporated

official registered as a company

368Companies hosted

over the years in the three innovation parks

3,500+Jobs
created

by the startups and SMEs supported at Berytech

4,300+Entrepreneurs
Supported

over the years in different programs

US$2.5MGrants to Startups

given through different programs

US$90MTo Manage Programs

raised by Berytech through different programs