IP Valorization Pillar
Supporting the Commercialisation of Intellectual Property
Berytech has partnered with The Euro-Lebanese Centre For Industrial Modernisation (ELCIM) of the Industrial Research Institute (IRI) to mobilize Academia and Research Institutions to work on commercializing Lebanese intellectual property for the benefit of different sectors and to advance the Knowledge Economy.
Berytech and ELCIM/IRI launched the IP Valorization Grants Program back in March 2020 under the ACT Smart Innovation Hub Initiative.
Over 30 applications were received from different universities, and four research teams have been selected to join the program, each awarded a $25,000 innovation voucher. The four research teams are innovating in Agri-food and in Cleantech (waste, water and energy) in Lebanon.
Each grant will be used to cover the costs of Consulting and Research, Development and related simulation or Prototyping, field testing and application potentials, all with the aim to bring the project closer to market.