MEDSt@rts Project

MEDST@RTS PROJECT

 

 

 

 

About the project

Young people with promising business ideas abound in the Mediterranean region. However, young entrepreneurs encounter severe credit constraints and gathering enough money to start or scale up their enterprise is often impossible. MEDSt@rts wants to help young people jump that deterrent hurdle. To do so, the project will develop an innovative supporting model to facilitate access to funding for “non-bankable” people. It will target strongly committed young Mediterranean people with innovative business ideas, either in initial or consolidation stage. Scouting, training and funding will be the three main steps of MEDSt@arts approach, and, as a result, new MSMEs will be launched in each participating country and new jobs will be created. 

 

What will be improved?

The development of a new model of business support, inspired by ethical finance and solidarity principles, will allow many young and women’s entrepreneurs to create, develop and run their own enterprises. Eventually, the project will lead to the creation of 75 new enterprises by participating country and up to 225 new jobs.

 

 

 

 

Who will benefit?

  • 75 young unemployed and aspiring entrepreneurs, early-stage businesses
  • 60 microfinance actors as business angels, venture capitalists, private and public financial institutions
  • High schools and university students
  • Local authorities. MSMEs, local employment services providers, business centres, chambers of commerce
     

Expected achievements

  • 1 comprehensive database listing all microfinance schemes available in the Mediterranean area
  • 60 organizations part of a Mediterranean network on microfinance and microcredit for business development
  • 75 innovative business ideas identified and supported in different sectors, in particular digitization, sustainable tourism, handicraft, etc.   
  • 15 microfinance packages mixing direct support (sub-grant) and crowd funding to support the growth of the best business ideas selected

 

Duration

11 October 2019 – 10 July 2022

 

 

Project Website

https://www.enicbcmed.eu/projects/medstarts

 

Project Facebook

https://www.facebook.com/medstartsproject/

Project Twitter
https://twitter.com/MEDStrts1
Project You tube
https://www.youtube.com/channel/UCqc7hPAObpE5ecR1YjcOLgg
Project Instagram
https://instagram.com/medstarts_project?igshid=YmMyMTA2M2Y=

Partners:

Role

Name of the organization

Country

Region

Lead beneficiary

Foundation of Sardinia

Italy

Sardegna

Partner 1

Financial Society of Sardinia Region

Italy

Sardegna

Partner 2

Arab Italian Chamber of Cooperation

Italy

Lazio

Partner 3

Chamber of Achaia

Greece

Peloponnisos

Partner 4

Sfax Chamber of Commerce and Industry

Tunisia

Sfax

Partner 5

Leaders Organization

Palestine

 

Partner 6

Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon

Lebanon

Dytiki Ellada

 

 

Associates:

Role

Name of the Organization

Country

Associate 1

Fondazione Collegio Europeo di Parma

               Italy

 

 

Laboratories

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Market Info

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Membership Guide

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