Lebanon Businessnews News

Berytech launches program
to turn concept into business
EU-funded project will give access

to markets, experts, investors and opportunities

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Berytech said it has launched a six-month acceleration program that allows eight teams to develop their research or technology innovation into commercially viable products and applications.

The ‘Innovation Factory: From Research to Market’ program will be funded by the European Union under ‘The Next Society’ initiative. The program will be open to researchers, postgraduates, innovators, engineers and technicians.

“By joining the ‘Innovation Factory Program’, candidates will accelerate the process, create their startup, get international exposure, and access markets, business opportunities and funding networks, all in less than six months,” said Krystel Khalil, Director of Programs at Berytech.

The program is open for technology-based innovations in any sector with a locally-developed concept that has scalability potential. “The innovation must address major industrial, societal and environmental challenges, and it must be transferable with no intellectual property issues,” Berytech said. “The project should be close to the commercialization and market application phase,” it said.

The teams will showcase their innovations during a public Demo Day in June 2019.
Reported by Shikrallah Nakhoul
Date Posted: Mar 13, 2019
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