Reinforcing Med Microfinance Network System for Start-ups

Lebanon National Mesures – Metaverse

Name of responsible organization: ITIQ
NATIONAL OR LOCALN, Iraq and Lebanon
Starting year1/2022End year9/2022 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 businessesYes
Strengthening of existing businessesYes
Specific investments – specify the type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)
Training activitiesYes, 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 dateYes

Financial entity of the project (indicate the resources allocated)

Overall amount35K$
% facilitation for each beneficiary 
The minimum amount that can be financed20K
The maximum amount that can be financed5K
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)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)

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

Financial support + accompaniment/trainingYes
Only Financial support

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

Number of initiatives   3Total economic amount  
Capacity building for them, Funding from donors of approximately > 50,000
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