Counting on the Green Economy to Sustain Lebanon’s Future
Jun 30 2021
Berytech is one of many players in Lebanon counting on the green economy as a way to sustain Lebanon’s future and counting on green entrepreneurs to create more sustainable jobs.
Green Economy as a Way to Sustain Lebanon’s Future
Berytech has been working across several programs on supporting green entrepreneurs, particularly on EU-funded programs. The partnership with THE NEXT SOCIETY started in 2018, followed by grants from the ENI CBC-MED Program on different running projects tackling green entrepreneurship and the circular economy such as GIMED, STAND Up!, BESTMEDGRAPE, Transdairy, and the NEX-Lab (read more about these programs here).
The implementation of these projects comes at a rather difficult time for Lebanon, with all the ongoing economic, social, and fiscal challenges. Yet, we see big moves into the productive sectors, and a lot of youth cautious about the environmental impact, seeking to set up and fund their green startups particularly in the space of waste management and waste valorization, water, energy, transportation, and food.
At the same time, Berytech is one of many players in Lebanon counting on the green economy as a way to sustain Lebanon’s future and counting on such entrepreneurs to make a big impact, to create more sustainable jobs and better economies, not only in big cities but also in rural communities. The truth is, there are a lot of opportunities to create green jobs across the Med. What is interesting about the startups we are working with is that all of them have the potential to scale in Lebanon and beyond its borders and take their innovations across the Med, where we believe there is a lot of work to be done.
In times of crisis, we see opportunities, and I’m very proud that our young entrepreneurs are playing that role. At the same time, there is a growing need for impact funds to look at financing green startups that bring exciting change to Lebanon and the region.