GIMED PROGRAM /

Support Program for Green Startups

With the objective of developing a green economy in the Mediterranean area, the program empowers green startups who play a crucial role in addressing environmental degradation and challenges. With supporting the development of innovative green solutions, we contribute in creating green jobs especially for women and youth. 

Applications are now open. Apply before 5 September 2021.

The GIMED Project in Brief

Berytech, in the context of the EU-funded GIMED Project, has launched a call for applications for established early-stage green startups working on eco-innovative products or services, providing them with the support they need to grow their ventures, build green strategies and regional business connections, and have better access to finance and market opportunities in the Mediterranean.

Eco-innovators running early-stage businesses will get the chance to develop and strengthen their capacities in order to secure investments and business opportunities, enhance their environmental and social value creation, improve their sustainability, support product and service development and plan for success in the green and circular market in the Mediterranean.

Being part of this program, participants will benefit from:

Business Support

Access to business support tailored to the needs of green ventures at the early stage

Financing

Access to grants and funding opportunities and linkages to green investors

Meetings

Access to international and regional B2B meetings and trade deals

Green Network

Access to the GIMED’s Mediterranean network of green partners and investors and access to potential market growth opportunities.

Berytech Network

Access to Berytech’s network of entrepreneurs, professionals, media, funding companies and international partners

SwitchMed

Access to The Switchers National Partnership services offered at national and regional level

Selection Criteria

  • The Green business should solve environmental and social challenges and should offer products, services 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 innovative or technology-based business in the Green sector should:
    • Be already validated in the market and has a customer base.
    • Be generating revenue
    • Have a developed business model and/or business plan and willing to transform it into a sustainable plan.
    • Be sustainable with a potential for scalability.
    • Be operating in the market for a maximum of 3 years.

  • The Founding team must be committed to the program, experts in their field, with a minimum of two (2) preferably young and women members per team participating.

  • At least one of the founders must hold a Lebanese Nationality.

  • The business should be operating in Lebanon.

The Program's Timeline & Support Stages

The program starts in October 2021 and ends in Spring 2022. Below is the timeline and the description of the different support stages. 

Outreach & Selection

July 2021 – September 2021
Selecting 40 green early-stage businesses

Green Capacity Building

October – December 2021

The selected businesses will go through a 3-month capacity building program tailored to support them in developing their green business plan, measuring their environmental, social and economic impact, reducing their overall environmental impact, improving their sustainability, assessing their financial need, offering better access to finance and funding opportunities, and developing their branding, marketing and communication strategies.

Jury Day | Selection of 10 projects

December 2021
40 entrepreneurs will pitch in-front of a selected jury that will identify 20 entrepreneurs who will continue in the next coaching phase.

Green Coaching Support

Jan 2021– Mar 2022

The 20 selected early-stage businesses go through a targeted support phase through coaching where they will receive:

  • One-on-one coaching sessions tailored to their needs to access finance and market opportunities.
  • Group coaching sessions where they will benefit from peer learning and targeted workshops.

Pitch & Network Event with Investors

March 2022
After completing the coaching support phase, 20 early-stage businesses will compete in a pitching event where 4 will be selected to win grant prizes and 3-month incubation support. The participants will get the opportunity to meet with investors to connect and potentially secure funding.

Green Incubation Support

April– June 2022

The 4 selected teams will benefit from a 3-month incubation support from Berytech as well as receive a grant of  7,500€ to be spent on technical and business support. The 3-month incubation period will revolve around:

  • Defining a business growth roadmap for the teams and supporting them in implementation.
  • Facilitating linkages with experts, investors, and professionals – giving the teams access to support programs through Berytech and its partners’ networks – guidance and support in grants disbursement to grow their ventures.

Cross Border B2B meetings

April – June 2022

Selected sustainable ventures will attend regional and international events to secure B2B meetings, trade deals, and potential investments. The ventures will be assessed and based on their development in the program they will be selected to attend the events after assessing their needs.

APPLY TO THE PROGRAM

Please be as detailed and explicit as possible, and if you need assistance please email tala.saleh@berytech.org

Need more info?

If you have any questions about the GIMED Project, please email tala.saleh@berytech.org, and she will get back to you.