You are here
“Nucleus” program launched to promote startups
15-6-2017
The UK Lebanon Tech Hub (UKLTH) kicked off yesterday ‘the Nucleus’ program aimed at building investment ventures with idea-stage and early stage startup companies to assist them in reaching a marketable product in a period of 3 months. The launching of the 12-week program was accompanied with the announcement that Banque du Liban was donating to that end USD 3.2 million, equivalent to the amount allocated by the British Embassy to finance the undertaking. Funding is expected to support various activities of the British-Lebanese center in an additional way to sponsor entrepreneurship, research and development in Lebanon. To note, some 176 startups have applied to the program, 20 of which were shortlisted to take part in a week-long product development workshop, which further narrowed down the total to 6 enterprises for the final stage. The successful companies will have access to USD 20,000 in cash and another USD 30,000 in in-kind services, and an up to 5% equity. For a review of the six finalist companies, kindly visit the following link: http://nna-leb.gov.lb/ar/show-news/289704/THENUCLEUS. (Al Mustaqbal, June 15, 2017)
- 6 reads
- العربية
Categories
Events
No upcoming events
Job vacancies
Friday, October 9, 2015
Collective for Research and Training on Development - Action (CRTD.A)