Lebanese venture capital fund, Berytech and NGO Michel Issa Foundation for Local Development (MIF) have signed a Memorandum of Understanding for the establishment of a business innovation center in Amchit, Jbeil District of Mount Lebanon Governorate.
This will be the first innovation center of its kind outside of Beirut.
The new business center aims to foster innovation, economic development, entrepreneurship and job creation in the region.
According to Toni Issa, President of the MIF: “The project will attract the best talents, university students, entrepreneurs, startups and SMEs to the area thus reducing migration of young professionals to Beirut, enhancing innovation and contributing to local development.”
The center will be built on a 4000 sqm area, located on the Amchit highway and it will be operating 24/7 throughout the whole year.
The innovation centre will provide fully furnished modern offices, co-working space, business development services e.g. coaching, training, networking events; meeting and conference spaces.
“The center will help create a community while constantly organizing networking events, meet-ups and conferences to promote entrepreneurship and job creation ….it will focus on the ICT, smart agri-food, renewable energy, ecotourism and social entrepreneurship.” said Maroun Chammas, CEO of Berytech.
The project, which is due for fall 2018, will help to foster economic development in the region of Kesserwan, Jbeil and Northern Kaza.
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Source: BN.lb (Business News Lebanon)