Berytech logo 2023

TRANSDAIRY Cross-Border Spin-off Establishment

Call for Dairy-preneurs, SMEs & Researchers

This is your chance to receive 10,000 Euro grant to support your spin-off company creation!

Applications are now open to the public. 
Deadline is May 10, 2023

APPLY NOW

About the Call

As part of the Transdairy Living Lab activities, Berytech Foundation aims to support the creation of 3 spin-off startup projects that are developing innovative solutions, technologies or processes for the dairy value chain.

Entrepreneurs, enterprises, industries, SMEs and researchers working in the dairy innovation sector and looking to turn an innovative R&D project into a spin-off business are invited to apply.

3 selected participants from Lebanon will benefit from a 10,000-euro grant and guidance from Berytech team, which will enable them to support the creation of their spin-off in the dairy value chain.

This presents a unique opportunity to create an independent entity that could offer a new line of production/services/process innovations in the dairy sector that can be developed and scaled to Mediterranean markets.

10 participants will be shortlisted to present their business plan in front of a jury and 3 will be selected to benefit from the grant and support. 

Who can apply

  • Innovators, entrepreneurs and key enabling technology providers (KET) within the Dairy Value Chain sector interested in creating a new product or service and turning them into a spin-off business.
  • Individuals willing to start a new company or to those who have already established a company within the previous 18 months before the launch of the call.
  • Ventures and companies in the dairy value chain sector working on R&D projects and interested in creating a spin-off.
  • Researchers, Faculty Members, Lab Members, working research in this sector and willing to turn their research into a spin-off.

Selection & Award Criteria

  • Group of Participants should reside in Lebanon and should be committed to the development of their spin off project.
  • Group of Participants must demonstrate the spin-off business model including economic viability through a simplified budget with estimation of costs, innovation, applicability, scalability, and team experience.
  • Group of Participants must demonstrate the Innovation and technology readiness level having a minimum of a technology prototype.
  • Group of Participants must be part of a team.
  • Estimated timetable and appeal procedure.

Key Benefits and Opportunities

  • Obtain hands-on experience and legal advice to support the creation of the spin-off.
  • Access to a grant of 10,000 euro that will be used to support you in the creation of your spin off.
  • Provide the opportunity to bring to life new line of production or service for an established enterprise, turn research into a product and a project into an actual product or service.
  • Access to the Transdairy a regional network of professionals and an online collaborative platform which features a database of Dairy Value Chain regional demand and offer and allows communication and networking among regional innovators, suppliers, partners, prospective clients, etc.

    Invitation to participate and benefit from the subsequent Transdairy activities for 2023 which include:  

    • Entrepreneurship Training Program and Focus Groups on innovation management, benchmarking, technology transfer etc. 
    • Cross Border Brokerage Events: Matchmaking opportunities between innovators and investors on a regional level.
    • Specialized Training on innovation management, benchmarking technology transfer etc.

    Reporting Results

    The selected sub-grantees are requested to fill in the following: 

    Click here to read about the sub-grant application.

    Click here to read about the sub-grant budget.

    Application Process

    Deadline for submission of application: May 10, 2023

    APPLICATIONS ARE NOW OPEN!

    DEADLINE IS 20 April 2023

    APPLY NOW

    The Program's Timeline

    Intensive Bootcamp

    15 November 2021 | 3:00pm – 7:00pm

    20 participants will be selected to participate in a 6-day intensive virtual bootcamp. The bootcamp’s program consists of fully funded sessions by the EU under the ENI CBC Med Programme, providing the participants with a set of entrepreneurship skills and know-how, and access to:

    • Receive technical and practical guidance and interaction with experts
    • Develop their own business model 
    • Learn about intellectual property 
    • Develop their commercialisation and market strategy
    • Develop a process for technology protection
    • Learn about basic financial modelling and funding opportunities
    • Address sustainability and CSR practices in the Dairy Value Chain
    • Prepare their pitch to present it to experts and potential investors

    The participants will also each receive a voucher of €200 to use in a way that serves the initiation of their project (such as creating a prototype, design & marketing, business consultancy, etc.) once they submit their pitch deck.

    Pitching

    November 2021 | During the Open Day

    Following the completion of the training, the participants will pitch their solution to a jury. The Jury will shortlist 10 participants based on innovation, economic viability and solid proof of concept of the solution. They will take several one-to-one coaching and technical sessions with experts in the field to further develop their pitch decks.

    These 10 participants will present during the Transdairy Open Day, which will take place at the end of the year 2021.

    TRANSDAIRY PROJECT

    Transdairy is a project funded by the European Union under the ENI CBC Med Program to grow innovation and entrepreneurship opportunities in the Dairy Value Chain and empower this ecosystem in the Mediterranean. The project will use the open innovation and living lab methodology to bring stakeholders together including researchers, industry players, SMEs, representatives from the public sector, entrepreneurs, to exchange best practices, collaborate, and implement Key Enabling Technologies and solutions applied to the Dairy Value Chain.  

     

    Throughout this project, Berytech will be facilitating the setup of Innovation Living Labs, supporting the development and financing of innovation and entrepreneurship projects, and enable matchmaking and collaboration opportunities among different stakeholders in the Dairy Value Chain in Lebanon and the Mediterranean. 

    More info about Transdairy is available here. 

    The Project In Numbers

    • Duration: 30 months

    • The total budget of the project is €3.8 million with an EU contribution of €3.4 million (90%).

    • Main source of funding: European Union (ENI CBC Med Programme)

    Need more info?

    If you have any questions about the Transdairy Program, please contact: 

    Mrs. Joelle Elhajjar, Programs Manager at Berytech: joelle.elhajjar@berytech.org

    This event is implemented by Berytech, representing one the Lebanese Partners for the Transdairy Project. The spin-off establishment voucher will be implemented by Berytech in Lebanon in parallel with similar activities that will be held within the regional partners’ countries: Tunisia, Greece and Italy.