Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – Metaverse

Metaverse
Name of responsible organization: ITIQ
Website: https://itiq.ps/
NATIONAL OR LOCAL	N, Iraq and Lebanon
Starting year	1/2022	End year	9/2022 first phase
Short description of the program TIQ is concerned with technology and entrepreneurship youth training. Through activities, projects and training courses. Within the framework of this program, different workshops and training were provided to 90 participants and they went through a selection process to provide 3 ventures with a fund.

What kind of activity does this project 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)
Training activities	Yes, From them and META
Other (specify)	Yes/No

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)	No
Non-repayable grant (indicate the percentage of the non-repayable fund)	Yes
Other (specify)	—

How does the activation of the project work?

One-stop-shop (physical or virtual), where the potential beneficiary can go whenever he/she wants.
Call with the closing date	Yes

Financial entity of the project (indicate the resources allocated)

Overall amount	35K$
% facilitation for each beneficiary
The minimum amount that can be financed	20K
The maximum amount that can be financed	5K
Origin of financial resources (European, State, Regional Authority, Municipal authority, other)	European Company

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
Company

Does the measure provide for accompaniment and training or only financial support?

Financial support + accompaniment/training	Yes
Only Financial support

How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives 3

Total economic amount
Capacity building for them, Funding from donors of approximately > 50,000