The EU-funded INVESTMED project launched a call in November 2021 for proposals to develop incubation and acceleration programmes for entrepreneurs and start-ups in key sectors in Egypt, Lebanon and Tunisia.
17 applications were received across the three target countries, which were evaluated by a committee made up of INVESTMED partner representatives. The successful applicants are: ICEALEX – Egypt, Fondation Diane – Lebanon and Association Westerwelle Foundation – Tunisia.
The funding will be used to develop, launch and implement programmes to support selected entrepreneurs in the green economy, blue economy, and cultural and creative industries to realise their business goals.
The overall aim of the INVESTMED project is to address the economic and environmental challenges facing small businesses in the Mediterranean, in order to foster sustainable growth and economic development.
The INVESTMED project is co-funded by the European Union under the ENI CBC Mediterranean Sea Basin Programme 2014-2020. INVESTMED has a duration of 30 months, with a total budget of 3.8 million euros, of which 3.4 million euros are funded by the European Union (90%). It involves 9 partners from Tunisia, Spain, Lebanon, Greece, Egypt, and Italy.