The EU-funded INVESTMED project is launching sub-grants for Business Support Organisations (BSOs) in Egypt, Lebanon and Tunisia.
The aim of the sub-grants is support the development, launch and implementation of an incubation and acceleration programme to enable selected entrepreneurs to take a step further towards realising their business goals.
The project aims to address economic and environmental challenges facing small businesses in the Mediterranean, in order to foster sustainable growth and economic development in three key sectors in the region:
- Green economy – in which the economic activities, infrastructures and assets of the sector enable the reduction of carbon emissions and pollution, improve energy and resource efficiency, and avoid the loss of biodiversity and ecosystem services.
- Blue economy – related to oceans, seas, lakes, rivers and coasts to promote economic growth, social inclusion and the preservation or improvement of livelihoods, while avoiding environmental and ecosystem degradation.
- Creative and cultural industries – enterprises engaged in the production or reproduction, promotion, distribution or marketing of goods, services and activities with content derived from cultural, artistic or heritage origins.
Applications are now open for BSOs based in Egypt, Lebanon and Tunisia, to enable them to implement an incubation and acceleration programme to support at least 12 small businesses and business ventures.
Sub-grants of a maximum of €35,000 per BSO will be awarded, and will take the form of a reimbursement of costs.