The EU-funded INVESTMED Project aims to break down barriers blocking successful, sustainable entrepreneurship in key sectors in Southern Mediterranean countries. To this end, the project offers direct financial support to high-potential entrepreneurs and start-ups in Egypt, Lebanon and Tunisia.
Applications for this funding were opened last year, and the top proposals from each country, as assessed by expert external evaluators, were invited to pitch their business idea to an international panel of judges composed of project partners and local and European experts.
Each country held a two-day pitching event, hosted by INVESTMED partners Beyond Group (Lebanon), CEEBA (Egypt) and BUSINESSMED (Tunisia). A total of 65 shortlisted start-ups and MSMEs across the three countries competed for grants of up to €20,000 to help them implement new strategies, create new products and services, or export their products and reach new markets.
Besides the grant, winners will benefit from personalized support and capacity-building programs delivered by selected Business Support Organizations in their country.
The INVESTMED project is co-funded by the European Union under the ENI CBC Mediterranean Sea Basin Program 2014-2020.