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.
The Volunteer Circle: the new generation of social innovators bringing value to the Lebanese Economy
Berytech met with Malak Yacout from The Volunteer circle to talk about her entrepreneurial journey, how she started developing her idea while at university, how she built her platform and grew it from 3 users to 4300, with 14 staff members and 18 NGOs on board.
Seven social ventures have been selected to move to the second level of Berytech’s Impact Rise program – funded by MEPI, to focus on further scaling their ventures and accessing new markets.
Two recent Berytech Meetups sessions covered the importance of social ventures in the Lebanese context, the need to use science and technology for social and environmental good, and the different opportunities presented to social entrepreneurs by the ecosystem in general and Berytech in particular.
Fifteen (15) social impact startups have made it through the first phase of Berytech’s Impact Rise social innovation program despite this challenging year. They have been working hard with their coaches and mentors to scale their solutions and multiply their impact. They are now ready to showcase their work in the upcoming Demo Day scheduled for Wednesday, November 4, 2020.
Berytech met with Bouchra Husseini, a visual artist and an avid tea drinker who talked to us about founding Teabah, with the passion to share the taste of Lebanon’s rich nature, while also making a difference in the lives of the people in her community. The Tebah team is enrolled in the Impact Rise Program.
Berytech meets with Tara Hermez, CEO of 3QA to talk about the huge task the startup has at hand and the importance of its work in unifying the quality of services of third sector organizations in Lebanon.