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Berytech’s Initial “Raison d’Être”

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Presentation on theme: "Berytech’s Initial “Raison d’Être”"— Presentation transcript:

1 Berytech Nurturing Innovation in Lebanon Presented by Ramy Boujawdeh Deputy GM of Berytech May 2017

2 Berytech’s Initial “Raison d’Être”
High Level of Brain Drain for University Graduates Need to bring ICT into daily lives and solve local and regional challenges. Commercialize University Innovations Create Jobs Boost Economy Dot Com Boom Initiated by the Saint Joseph University Supported by Key Economical Stake holders: Major Banks, IT, Commercial, Industrial organizations Open to All

3 Berytech scaling up support over time
BeLL 2002 2006 2008 2012 2013 2015 2017

4 Berytech’s Core Pillars
Community events fostering collaboration and BtoB opportunities Local, regional and international network of experts Corporate partnerships and international programs Community includes hosted entrepreneurs and employees, alumni, incubatees, ecosystem partners and more More than $70M being invested in startups and SMEs Targeted sectors: knowledge economy and innovation Venture capital and Matching capital options Grants disbursements through specific incubation programs Incubation program Mentoring, advisory, coaching and technical assistance Training workshops Business support work sessions & online coaching tools Access to local & international networks International program management fostering innovation, economic development and entrepreneurship International linkages and partnerships 3 strategic locations in Lebanon Smart infrastructure and facilities Loyalty programs and corporate benefits Coworking space and environment Networks & business connections

5 Resulting Innovation Funnel Core Pillars

6 Resulting Innovation Funnel
Prepare and Motivate Promoting Entrepreneurship by: Supporting Entrepreneurship Clubs on Campuses Conduct “Meet-ups” – Learn and Network Social Media tools Lead and/or Support Hackathons and Ideathons Lead and/or Support Startup Competitions Participate in Conferences Lobby Government, Education institutions, iNGOs, Corporates to be actively involved. Create a culture

7 Resulting Innovation Funnel
Facilitate Active Incubation: All Competition winners get Incubation Support Integrate them into the Co-working spaces/ Affordability and easy of access and connections Work the support at the pace of the startup but push on deliverables Connect the startup team with valuable mentors and coaches Conduct Structured Review Meetings Market readiness

8 Resulting Innovation Funnel
Seed & Support Grants, Angel Investment, Seed Funding: Identify the opportunities, support in Grant application Pitch readiness sessions Power Dinners, Networking Valuation support Patenting support Angel investors introductions Market testing

9 Resulting Innovation Funnel
Seed & Support Grants, Angel Investment, Seed Funding: Identify the opportunities, support in Grant application Pitch readiness sessions International competitions Power Dinners, Networking Valuation support Patenting support Angel investors introductions Market testing

10 Innovation Tools for Early Stage support

11 Grants + Matching Grants Online Platform and communication
Innovation Tools for Early Stage support Grants + Matching Grants Acceleration & Incubation Clustering Online Platform and communication Cash grants to support MVP, acceleration and matching grant for the incubation phase Competition, hosting, acceleration and incubation to support, validation, commercialization internationalization Access to funding Providing a range of support to grow the sector and lobby and support startups and SMEs Bring in Expertise Promoting the program, open innovation, support interventions NL Supporting partners

12 International Connection & Support
Accreditation and Exchange: International accreditation – EU|BIC since 2006 International experience sharing and knowledge collection Conferences, tech camps, exchange SoftLanding Road Shows , USA, Canada, EU, MENA

13 Berytech’s Projects Lab
Part of International Consortiums: Bridge knowledge Expertise Exchange Exposure Lobbying

14 Berytech’s Impact 2002 - 2016 + 120 Startup Created
Companies Hosted Direct Jobs Created Entrepreneurs Supported +$ 750 K in Grants Support +$ 70 M Being Invested in Startups

15 Thank You! www.berytech.org Ramy Boujawdeh Deputy GM, Berytech
Phone: | Cell: |

16 INCUBATORS / ACCELERATORS SUPPORT Organizations / programs
Smart SPACE Financial Institutions CODING Bootcamps MEDIA Promotion INCUBATORS / ACCELERATORS Commercial Banks SUPPORT Organizations / programs FUNDING


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