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Major French shipping agency funds four Lebanese startups

4-5-2018

The general manager of the French maritime transport, CMA CGM Group, Rodolph Saadeh, granted during his visit to Lebanon this week a sum of USD 100 thousand to four Lebanese startups selected by his company within the partnership framework with the incubator SMART ESA. According to said agreement, CMA CGM will contribute through its holding merit venture to the development and support of startups covered by the incubator (https://bit.ly/2HuFDpH ). Saadeh announced during a ceremony held yesterday on the occasion at Le Grey, Beirut, the names of the winning startups assigning USD 25,000 for each, in return for 8.5% of its capital. The winning startups are: BlocRecs, which offers blockchain technologies for storage and transmission of information remotely in order to verify the authenticity of university degrees; Otocar, allows parents to follow in real time the school bus trips of their children; Reable, supports persons with disabilities to be financially dependent, and finally, Triend, innovating an application for travel reservations via the internet. (L’Orient Le Jour, May 4, 2018)

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