MEDSt@rts
Med microfinance support system for start-ups
A.1 Business and SMEs development
A.1.1 Start-ups and recently established enterprises
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.
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.
1. 1 comprehensive database listing all microfinance schemes available in the Mediterranean area
2. 60 organisations part of a Mediterranean network on microfinance and microcredit for business development
3. 75 innovative business ideas identified and supported in different sectors, in particular digitization, sustainable tourism, handicraft, etc.
4. 15 microfinance packages mixing direct support (sub-grant) and crowdfunding to support the growth of the best business ideas selected
We are seeking to join consortia that will apply to this call, irrespective of thematic objective and/or priority, as long as the intended outputs of their project can make use of ICT in a meaningful and constructive way.
We are seeking to join consortia that will apply to this call, irrespective of thematic objective and/or priority, as long as the intended outputs of their project can make use of ICT in a meaningful and constructive way.
That depends on the project's outputs.
Nur
Hamdan
Palestine Information and Communications Technology Incubator - (PICTI)
NGO
Ramallah
Palestine
Nur.hamdan@picti.ps
0594232468
Nur Hamdan
http://picti.ps/
Approved