BEIRUT: With all of Lebanon’s mounting environmental challenges, it’s no wonder that clean technologies have been taking center stage in creating smarter and more sustainable ways of living in the face of these challenges.
Lebanon has a plethora of problems when it comes to clean energy, such as the trash crisis, the water, and air contamination crisis, the misuse of solar energy and the lack of transportation infrastructure.
This is why Berytech, which has a long history of supporting entrepreneurship of all kinds, is sourcing the next cleantech innovators to help them grow their ideas into a successful business with global impact. To those innovating in cleantech, i.e. water and wastewater management, agriculture, solid waste management, transportation, or just energy, now is the time to apply to Berytech’s clean technology accelerator program, Cleanergy.
Cleanergy promises up to $100k in funding and supports participants in scaling their businesses to success over the course of one year. The program, which starts in July 2020 and ends in May 2021, is structured into three phases:
The first phase is the capacity-building phase for up to 24 startups to validate and ensure their products are fit to market and are scalable. The startup teams should also show the capability to take this challenge with only $2000 under their belt.
The second phase is a five-month business acceleration phase that supports up to 12 startups in building their MVP (Minimum Viable Product) using Berytech’s Fab Lab and testing it with early adopters. A grant of $15,000 will be awarded to each startup along with the capacity building to establish the business from a financial, marketing, management, and operational level as well as business pitching. The acceleration phase ends with an expert jury selecting the top eight companies to go into the incubation phase for five months.
The incubation phase supports eight startups in scaling with a $20,000 fund per startup, including hands-on fundraising support in negotiation, legal, terms sheets, and market access. The teams receive additional “out of the box” support through MIT’s Confideo Venture Mentoring Services approach, where Berytech mobilizes a group of senior executives from leading companies in Lebanon, the Netherlands and internationally.
The teams test and validate their apps and service solutions with provided support using the “Living Lab approach”. Only three teams will benefit from international exposure and a soft-landing program in cooperation with Dutch/EU partners.
For those who are concerned about making a difference in Lebanon’s environment, they can apply now to Cleanergy accelerator before June 7, 2020 on the following link: https://berytech.org/programs/cleanergy/accelerator/
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