| Assem Kamel | |||
| Name of responsible organization: The LEE Experience | |||
| Website: www.theleeexperience.com | |||
| NATIONAL OR LOCAL | National | ||
| Starting year | 2020 | End year | |
| short description “THE LEE EXPERIENCE” stands for Leadership, Entrepreneurship, and Employment Development. Our organization operates with a strong belief in the “POWER OF EMPOWERMENT.” Established in 2020, THE LEE EXPERIENCE is a life and business transformation entity through attitude changes for individuals, organizations, and corporates in the MENA region, focusing on post-conflict countries. THE LEE EXPERIENCE’s unique business model offers comprehensive services through two arms for profit a digital accelerator through zowada mobile Apps and a digital media hub and a non-profit NGO as Incubator and Training academy that have intersection for sustainable growth. |
What kind of activity does this measure finance?
| Creation of new businesses | Yes |
| Strengthening of existing businesses | Yes |
| Specific investments – specify the type (i.e., innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Yes |
| Training activities | Yes |
| Other (specify) | Business Incubation from ideation, BDS training, VT training, feasibility studies, access to market, seed funding, advertising, coaching, apprenticeship, and job creation Digital accelerator as zowada mobile Apps from job seeking, e-learning, e-commerce, e-mentoring, crowdfunding. Digital media hub for communication and advertising and digital marketing |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | No If yes, repayment time (years): If yes, the requirement for collateral: |
| Non-repayable grant (indicate the percentage of the non-repayable fund) | Yes If yes, percentage of non-repayable fund: 100% |
| Tax credit | No |
| Other (specify) | No |
How does the activation of the measure work?
| One-stop means | NO |
| Call with closing date | YES |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | 1.5 million USD |
| % Facilitation for each recipient | 36% |
| The minimum amount that can be financed | 200 USD |
| The maximum amount that can be financed | 50000 USD |
| Origin of financial resources (European, State, Regional Authority, Municipal authority, other) | UN agencies, World Bank Group agencies, USAID projects, private sector, and Crowdfunding. |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (Specify any type) | Disadvantaged groups (specify type) | Youth (Specify age range) | Other (specify) | |
| Individual | 84% | 60% | Refugees\disables\ LGBT | 18-55 | ||
| Company | Refugees\disables\ LGBT | 18-55 |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | X |
| Only Financial support |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | X |
| NO |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: 6000 | Total economic amount: 1.5 million USD |
