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 and Innovations Support Program.
The first phase, called the Green Capacity Building, allowed 20 startups to go 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 part of the EU-funded Green Impact MED Project (GIMED) 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.
The coaching phase will end with a pitch and network event with investors where only four projects will be selected to receive a 7,500 euros subgrant incubation prize and three months incubation support. Two of the four selected projects will then get the opportunity to participate in additional cross–border events.
The Green Impact MED Project - Positive Investments for Positive Impacts (GIMED) is a new EU-funded project, launched under the ENI-CBC Med Programme to support green entrepreneurs to better access finance and market in the Mediterranean.
GIMED's main goal is to support entrepreneurs, particularly young and women, to better access to finance and markets in 5 Mediterranean countries: Spain, Lebanon, Palestine, Tunisia, Egypt and Italy. On the ground, the project will train and coach eco-innovators and encourage financiers to invest in the Mediterranean eco-innovation sector.