The Lebanese Women Angel Fund up and running

Insure & Match Capital (IM Capital) announced last Friday the launch of the Lebanese Women Angel Fund in the presence of minister of state for women’s affairs, Jean Ogassapian, the deputy head of mission in the US Embassy in Beirut, Danny Hall, and Berytech chairman, Maroun Chammas. The event coincided with the graduation of the Seeders Masterclass for Business Angels (Seeders MBA) 2016-2017 training program. The new Fund, to note, is a partnership between IM Capital, the Lebanese League for Women in Business (LLWB) and Go Beyond Investing. It will be supported by the MENA Investment Initiative (MENA-II) to help women entrepreneurs and women-owned early stage businesses gain access to finance, contribute to creation of jobs, as well as, ensure sustainable social development and economic growth. Chammas during the ceremony said: “With the successive graduation of qualified individual investors supported by the program, the Lebanese financial system is expected to benefit from reducing gaps in funding and knowledge faced by startups.” (Al Mustaqbal, July 11, 2017)

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