GIMED: 10 green start-ups move to a new support phase in Lebanon
Apr 28 2021
Ten solutions from Lebanon have been selected to move on to the next phase of the incubation: the Green Coaching Support. In this second phase, the selected green innovators and researchers will receive additional tailored support to grow their green start-ups through the Green Applied Research & Innovations Support Program.
“The first phase of the program did not only provide knowledge and work with the 20 projects on turning their green ideas into businesses, but it hugely focused on addressing the root causes of the environmental and social challenges, solving them, and ensuring more circularity in the life cycle of the productservice and waste reuse,” explains Tala Saleh, Programs Manager at Berytech.
The first phase, called the Green Capacity Building, allowed 20 startups going through a 2-month capacity building program tailored to support them in developing their green business models, access to finance and market strategies. The 10-month program is in the context of the EU-funded Green Impact MED Project under the ENI CBC Med programme. It was launched in January 2021, with 20 startups joining an initial 2-month capacity building program designed to support them in developing their green business models and finance and market strategies.
“I really enjoyed working closely with the first cohort of eo-entrepreneurs under the GIMED program. It was inspiring to see so many young and not so young, motivated Lebanese wanting to make a change by launching their green startup ideas, especially given the current challenging circumstances. Using the newly developed SwitchMed green entrepreneurship online platform, and methodology facilitated the process, in particular its eco-design tool,” details Maya Karkour, founder and environmental consultant of Circular Hub and Eco-Consulting.