MEDSt@rts
Photo © USAID by C Gutierrez
Med microfinance support system for start-ups

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. 

Key information

MEDSt@rts
Med microfinance support system for start-ups
A.1 Business and SMEs development
A.1.1 Start-ups and recently established enterprises
Italy, Greece, Tunisia, Palestine, Lebanon

Financial data

2.8 million
Total budget
2.5 million
EU contribution
%
10%
Project co-financing

Highlights

Project in numbers

7
Partners
5
Countries
8
Technical outputs

Project duration

Start date
End date

Partnership

News

Events

Library

Project outputs

Documents

Videos

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 organisations 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 crowdfunding to support the growth of the best business ideas selected
block-description

Project news

MEDSt@rts call for aspiring entrepreneurs in Italy: extended deadline

The new deadline for applications is September 29th.

block-description

Project news

MEDSt@rts call for aspiring entrepreneurs: extended deadline in Tunisia

The new deadline for applications is August 31st, 2020.

block-description

Project news

[MEDSt@rts] Palestine: LEADERS is looking for an Organizational Psychologist

The deadline for submitting applications is August 30th, 2020.

block-description

Project news

Lebanon: two job vacancies under the MEDSt@rts project

Deadline for submitting applications is 8th August 2020.

block-description

Project news

MEDSt@rts: tender for a technical assistance service

The deadline for submitting bids is August, 7th 2020.

block-description

Project news

MEDSt@rts: open calls for aspiring entrepreneurs

Up to 75 grants worth €10,000 each are available to support young people with innovative business ideas.

block-description

Project news

block-description

Project news

MEDSt@rts: three job vacancies in Italy

The deadline for submitting applications is July, 24th July.

block-description

Project news

Tunisia: MEDSt@rts project selects 25 aspiring entrepreneurs

Up to 15 grants worth €10,000 each are available to support young Tunisian people with innovative business ideas.

block-description

Project news

Italy: MEDSt@rts selects 25 aspiring entrepreneurs

The MEDSt@rts offers free training and funding up to 10,000 euros for young people with innnovative business ideas.

block-description

Project news

MEDSt@rts project selects aspiring entrepreneurs in Lebanon and Greece

Financial support up to €10,000 is available for 50 young people with innovative business ideas.

block-description

Project news

Palestine: MEDSt@rts selects 25 aspiring entrepreneurs

Up to 15 grants worth €10,000 each are available to support young people with innovative business ideas.

block-description

Project news

MEDST@rts: study of the Mediterranean microfinance industry

The study maps over 100 microfinance organisations in Greece, Italy, Lebanon, Palestine and Tunisia.

block-description

Project news

10 June 2020
Tunisia: 18 local organizations contribute to create a transnational network of microfinance actors

MEDSt@rts project has organised a series of meetings to involve different stakeholders in support of aspiring entrepreneurs.

block-description

Project news

10 June 2020
MEDSt@rts: the Chamber of Achaia, Greece is looking for an external auditor

The deadline for submitting expressions of interest is June 22nd 2020. 

block-description

Project news

03 June 2020
Lebanon: MEDSt@rts builds a network of microfinance actors

A cycle of meetings was organised by the Chamber of Commerce of Saida and South Lebanon and gathered 16 organisations active in the support to business development.

block-description

Project news

11 May 2020
MEDSt@rts job vacancies in Tunisia: organizational psychologists

The deadline for submitting applications is May 20th, 2020

block-description

Project news

05 May 2020
MEDSt@rts: towards a transnational network of microfinance actors

A cycle of online meetings has started in the five countries involved in the project in order to build a network of microfinance actors across the Mediterranean.

block-description

Project news

27 April 2020
MEDSt@rts: technical assistance services

The deadline for submitting bids is May, 15th 2020

block-description

Project news

22 April 2020
Tunisia: ‎MEDSt@rts is looking for facilitators

The deadline for submitting applications is April, 26th 2020.

block-description

Project news

22 April 2020
MEDSt@rts: experts for the Networking of Microfinance Actors in Tunisia

The deadline for submitting applications is April 25th, 2020.

block-description

Project news

block-description

Project news

17 April 2020
MEDSt@rts: provision of external audit services

The deadline for submitting bids is 24th April 2020.

block-description

Project news

14 April 2020
MEDSt@rts: two job vacancies at the Sfax Chamber of Commerce and Industry

The Sfax Chamber of Commerce and Industry is looking for 2 management assistants under the MEDSt@rts project. The deadline for sending applications is 18 of April 2020.

block-description

Project news

08 April 2020
MEDSt@rts: LEADERS is looking for a project auditor

LEADERS International, the Palestinian partner of the MEDSt@rts project, invites potential interested parties to submit a proposal for auditing services.

block-description

Project news

07 April 2020
MEDSt@rts: Fondazione di Sardegna is looking for an external auditor

Fondazione di Sardegna invites potential interested parties who meet the requirements set out in the public notice to submit a bid for the project's external auditor posi…

block-description

Project news

06 April 2020
MEDSt@rts project and the development of a new model of business support

The development of new and innovative business support models is of vital importance to mitigate the impact of Covid-19 on the Mediterranean economy.

block-description

Project news

30 March 2020
MEDSt@rts, a project for Mediterranean “non-bankable” people

Inclusive finance concerns the offer of products and services to all those people who because of their economic and social conditions do not have access to credit.

block-description

Project news

27 February 2020
Lebanon: MEDSt@rts project at the event "Tales of a Generation"

On 29 February 2020, MEDSt@rts will be presented in Sidon, Lebanon at the event "Tales of a Generation", powered by UNICEF.

block-description

Project news

20 February 2020
MEDSt@rts: the Lebanese partner is selecting an external auditor

The Chamber of Commerce, Industry & Agriculture in Sidon and South Lebanon is selecting an external auditor to verify the expenditure of the MEDSt@rts project.

block-description

Project news

30 January 2020
MEDSt@arts: first steering committee meeting in Cagliari

On January 30, the first project meeting to the steering committee was held at the headquarters of Fondazione di Sardegna in Cagliari.

block-description

Project news

27 January 2020
MEDSt@rts, a new project to facilitate access to finance for young entrepreneurs

The project will be officially launched in Cagliari on January 31st in the presence of the 7 partners from Italy, Greece, Tunisia, Lebanon and Palestine.