GIMED
Photo courtesy of ARC-SCP/RAC
Green Impact MED Project - Positive Investments for Positive Impacts

About the project

The development of a green economy in the Mediterranean area to combat environmental degradation represents a great opportunity for jobs creation, particularly for young graduates and women who are three times less likely to be employed than men. Strengthening eco-innovative entrepreneurship is a recognised solution even though green ventures face a complex set of challenges including limited access to funding, underdeveloped markets and fragmented support from sector stakeholders. GIMED aims at boosting the development of eco-innovative ventures in order to create employment and drive the green and circular economy in the Mediterranean. The project will implement a United Nations-backed ‘Green Entrepreneurship Standard’ that will standardise the supportive inputs needed to generate successful ventures and will give those ventures a mark of quality to better access finance and markets. On the ground, the project will train and coach eco-innovators and encourage financiers to invest in the Mediterranean eco-innovation sector.

Key information

GIMED
Green Impact MED Project - Positive Investments for Positive Impacts
A.1 Business and SMEs development
A.1.1 Start-ups and recently established enterprises
Spain, Lebanon, Palestine, Tunisia, Egypt, Italy

Financial data

2.6 million
Total budget
2.3 million
EU contribution
%
90%
Project co-financing

Highlights

Project in numbers

6
Partners
6
Countries
15
Technical outputs

Project duration

Start date
End date

Partnership

News

Events

Library

Project outputs

Documents

Videos

What will be improved?

20 new companies will be created, employing a minimum of 2 people each, and 100 existing companies will be supported in order to access new finance and trade opportunities, increasing their growth potential in the green and circular economy sector. Besides, a cluster of financiers will be established and partners will work closely with public administrations to help them better support green startups in terms of Intellectual Property Rights, policy and procurement schemes.

Who will benefit?

  • 400 ideation stage entrepreneurs and women and youth in senior positions of early-stage ventures in the green and circular economy
  • Financial institutions and investors 
  • Public administrations
  • Incubators and accelerators
     

Expected achievements

  • 100 capacity-building initiatives dedicated to entrepreneurs on eco-design and green business modelling 
  • 200 coaching sessions on access to finance and markets
  • 8 sub-grants to consolidate business creation and development
  • 10 networking events to connect entrepreneurs and investors
  • 5 training sessions dedicated to public institutions on the support to eco-entrepreneurship
  • 1 Green Entrepreneurship Standard Framework developed and piloted
  • 1 green incubation programme in Lebanon
  • 1 policy paper containing recommendations to improve green and circular economy and support eco-innovative ventures
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Project news

25 November 2019
The GIMED project is hiring! Join our team

SCP/RAC is looking for a specialist/consultant to develop an online access to market tool for green entrepreneurs. Interested applicants are invited to submit their bid by 10th December midnight!

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