Berytech announces four $25,000 grants for commercializing IP

The purpose of these grants is to work on commercializing Lebanese intellectual property for the benefit of the different sectors and to advance the knowledge economy.
by Maysaa Ajjan

3 April 2020 | 16:08

Source: by Annahar

  • by Maysaa Ajjan
  • Source: Annahar
  • Last update: 3 April 2020 | 16:08

This file photo shows a researcher in a field. (Berytech)

BEIRUT: As part of its ACT Smart Innovation Hub program, Berytech has partnered with the Euro-Lebanese Centre For Industrial Modernisation (ELCIM), at the Industrial Research Institute (IRI) to mobilize academia and research in the form of four innovation grants of $25,000 each, two for innovation in agrifood and two for innovation in cleantech.

The purpose of these grants is to work on commercializing Lebanese intellectual property for the benefit of the different sectors and to advance the knowledge economy.

The grants are available through Beryteh’s ACT Smart Innovation Hub program, co-funded by The Kingdom of the Netherlands and Berytech.

“These four grants, or innovation vouchers, are aimed at increasing linkages between research and the different sectors,” Ramy Boujawdeh, deputy general manager at Berytech and director of the program explains. “This is one of our tools for fostering innovation under the agrifood and cleantech sectors, and we are very proud to be working with ELCIM/IRI as our implementing partners.”

Naji Abi Zeid, ELCIM director, also commented.

“Joining forces between ELCIM's extensive experience with researchers and entrepreneurs and Berytech's long and established experience supporting the entrepreneurial ecosystem, we are providing maximum support - financial, technical and managerial, for the research projects that will be selected,” he said. “The ACT Smart Innovation Hub Research to Commercialization Grant program inscribes itself very well within ELCIM's strategy for research and industrial support.”

Eligibility and Selection Criteria

The four grants are open to researchers within an academic institution or research center with innovations in agrifood (tech, engineering, food innovation) as well as cleantech (renewable energy, waste and water valorization), with patentability and/or IP Protection potential.

The research project should lead to an independent commercial entity ( exclusivity signed with a corporation). The project should have reached at least the Technology Readiness Level (TRL) Stage 4 (demonstrated by an early-stage prototype development), as well as have potential for regional and/or international reach.

Each $25,000 grant will be used to cover the costs of consulting and research, development and prototyping, and knowledge outcomes from researchers.

The objective of Berytech through its ACT Smart Innovation Hub project is to create opportunities for innovators through four pillars revolving around acceleration, which is converting innovative ideas to growing businesses supporting job creation and economic growth; clustering, which is strengthening the agrifood private sector; think tank, which is supporting the creation of work groups to lobby for better enabling innovation and investment landscape; and finally IP Valorization - ie valorizing Lebanese research to commercialization and sectorial advancement.

Learn more and apply online here: IP Valorization Grants Program


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