On August 4, 2020, a massive explosion shook Beirut like an earthquake, destroying half of the city and leaving thousands of people homeless. In close proximity to the explosion site lies an area that was home to offices of local MSME’s and startups, many of which were already struggling with a collapsing economy and rising social unrest, later coupled with hurdles caused by the Covid-19 outbreak.
The explosion further compounded the difficulties that startups in Lebanon have had to cope with lately where the immediate consequences of the explosion were physical damage in terms of destroyed infrastructure, collapsed offices and loss of workers.
The NCEI and Safadi Foundation trust that the time is critical to relieve the entrepreneurship ecosystem as a first headway to revive the worsened economy. The relief response effort will be directed to support damaged MSME’s and startups through business relief services and a joint incubator program called ENTREPRENEUR 961, which will serve as a Technological Incubation for the Development of Entrepreneurial programs.
The ENTRPRENEUR 961 is a short and intermediate term relief response supports small and medium size businesses affected by the explosion, support the recovery of top-class innovators and entrepreneurs through funding opportunities, and accelerated services towards innovative solutions to tackle the accumulated crises negative impact.
The 5 components are:
- Damages identification.
- Specialized call centre.
- Free-of-charge Entrepreneurial Development Program devoted to business acceleration services.
- Ground a technological incubation.
- Facilitate linkages that are congenial for the survival and growth of the new enterprises.
Beirut, Ras Beirut, Layon St., Al Roubaiya Bldg., Block A, 1st Floor.
Call Center Number:
01 341 412
For more information, read the full fact sheet.
Fill in the application form in the following link: