Reinforcing Med Microfinance Network System for Start-ups
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About the Project

Access to finance is still a major barrier to business development in the Mediterranean. This is especially true when it comes to young entrepreneurs that must fight much more than average to get proper funding. ReSt@rts intends to break down this business obstacle by supporting the so-called “non-bankable” young people. The project will extend the microfinance system developed in previous projects to new geographical areas and sectors and will ensure that the main results of these projects are consolidated into new policies at regional level. Aimed at both entrepreneurs and microfinance providers, a marketplace platform will be developed to gather the supply and demand in a friendly and easily accessible business environment. In this platform, crowdfunding will be playing a key role, as the ReSt@rts partners understand that the use of alternative financing is essential whenever the traditional ways of funding fail. Thanks to ReSt@rts, many Mediterranean young would-be entrepreneurs will get a new chance to fund their business ideas. Eventually, concerned entrepreneurs will have access to a wide Mediterranean cross-border networks of pontential investors.

Financed with € 1,106,559.76 by the EU-founded ENI CBC MED Programme 2014-2020, ReSt@rts aims to increase employment opportunities for young people and improve the living conditions of the most vulnerable, facilitating access to finance.

Financial Data

Main source of funding: European Union ( ENI CBC Med Programme )

1.1 milion

Total Budget

0.9 milion

EU contribution

10%

Project co-financing

Project in numbers

9

Partners

6

Countries

8

Technical outputs

Project in numbers

Start date

20 September 2021

End date

19 September 2023

( Disclaimer )

This platform was developed with the financial assistance of the European Union under the ENI CBC Mediterranean Sea Basin Programme. The contents of this platform are the sole responsibility of the Italian – Arab Chamber of Cooperation and can under no circumstances be taken as a reflection of the position of the European Union or the Programme management structures.

Booklet for Microfinance Providers

The Cyprus Institute

TYPE OF MEASURE   MEASURE (indicate the names of the measures) NATIONAL The Cyprus Institute         LOCAL (provincial, regional, municipal or equivalent territorial reality)      

Research and Innovation Foundation

TYPE OF MEASURE   MEASURE (indicate the names of the measures) NATIONAL Research and Innovation Foundation           LOCAL (provincial, regional, municipal or equivalent territorial reality)  

Point of Single Contact Cyprus

TYPE OF MEASURE   MEASURE (indicate the names of the measures) NATIONAL Point of Single Contact Cyprus         LOCAL (provincial, regional, municipal or equivalent territorial reality)  

KV KINISIS VENTURES FUND RAIF V.C.I.C. PLC

TYPE OF MEASURE   MEASURE (indicate the names of the measures) NATIONAL KV KINISIS VENTURES FUND RAIF V.C.I.C. PLC         LOCAL (provincial, regional, municipal or equivalent territorial

IDEA Innovation Center

TYPE OF MEASURE   MEASURE (indicate the names of the measures) NATIONAL IDEA Innovation Center             LOCAL (provincial, regional, municipal or equivalent territorial reality)  

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