The Impact Rise social innovation program is designed and managed by Berytech and funded by the U.S.-Middle East Partnership Initiative (MEPI) to put ambitious startups, devoted experts and support partners on the road to growing sustainable and successful social ventures.
FabricAID announces today the finalization of its 1.6 million USD seed funding round through investments by Wamda and Alfanar. FabricAID has raised a total of 2.1 million USD since its inception, and has multiplied sales in 2021 by a factor of five, resulting in over 70,000 beneficiary consumers served to date.
For the past two years, the IMPACT RISE program has focused on empowering the Lebanese social entrepreneurship ecosystem, enabling 16 ventures, 16 business coaches, 28 mentors, and 12 partners to create an everlasting wave of social and environmental change.
Sisters of the World are making washable, healthy, eco-friendly and affordable menstrual pads and period underwear to substitute the existing single-use, plastic, unhealthy and expensive menstrual products.
Berytech has launched a campaign to empower and support the social impact startups enrolled in the Impact Rise Social Entrepreneurship Program, funded by MEPI and under the hashtag #makeaBIGGERimpact.
Social entrepreneurship is essential to the Lebanese economy and plays a major role in creating and sustaining a better socio-economic environment, however it needs a proper ecosystem to grow where social innovators can be mentored, financed and supported.
This is addressed and solved through Berytech’s program Impact Rise – Lebanon’s pioneer social entrepreneurship scale-up program, funded by MEPI.
Berytech is scaling social entrepreneurship startups from Lebanon with innovative and impactful solutions for a better community and a better environment. Berytech is providing them with exposure, business development, grants, access to market and funding opportunities, to grow regionally and internationally.
Through the program, Berytech is establishing and empowering a network of impact experts including coaches and mentors who will be assisting the startups in their growth journey. Berytech is providing them with concrete tools and methodologies tailored for the support of social entrepreneurs and impact ventures.
Berytech has made sure to involve active partners from its network, social ventures, organizations, funds and institutions as part of the program. These partners bring their knowledge, experts, networks and support in different fields to multiply the impact of the program through reinforcing the work of the startups in it.
Berytech has set up the adequate infrastructure by first training the coaches and mentors, then choosing promising social enterprises, providing them with capacity building and training, offering incubation with an array of services, providing seed money support to develop prototypes, and finally giving them the chance to grow through connections with investors.
The Impact Rise social innovation program is designed and managed by Berytech and funded by the U.S.-Middle East Partnership Initiative (MEPI). Aiming to advance stability and prosperity in the Middle East and North Africa region, the Middle East Partnership Initiative program supports governments and their citizens to achieve shared political, economic and stability objectives. The MEPI program responds to needs and emerging opportunities for citizens and organizations that target two core objectives: Participatory Governance and Economic Opportunity. Learn more.
“The project funding from MEPI contributes not only to scaling up the startups to the growth stage, but to empowering ecosystem partners through capacity building and developing strategic linkages.”
Maroun N. Chammas – Berytech Chairman & CEO
One of the foundations of building a good social startup is involving one’s network as stakeholders in the venture, and in the impact one is aiming to create. With that in mind, Berytech developed the Impact Rise social innovation program and designed it as an inclusive ecosystem that helps social startups scale. Meet the partners helping us fulfill that objective.
As a member of the Global Compact Network Lebanon, Berytech enacts the 10 principles of the UNGC and the Impact Rise program falls under Berytech’s mission to contribute to the Sustainable Development Goals.
Berytech has been intently working on supporting social entrepreneurs since 2013. Meet the team behind the design, development and management of the Impact Rise Program.
If you have any questions about Berytech’s Impact Rise Program, please email us on impactrise@berytech.org, and we will get back to you.
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.
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