By Sami Zaptia.
London, 21 November 2019:
STREAM incubator, accelerator and Fab Lab, was officially launched in Tripoli on Tuesday in the presence of entrepreneurs, officials, and partners, organizers reported.
The official opening of the programme included the participation of 37 entrepreneurs who will attend important training to support their development. Thirty participants will be ‘incubated’ for 5 months, with STREAM providing them services such as business model workshops and pitching skills.
Seven participants will be ‘accelerated’ by having access to mentorship, investors and other support that helps them grow and scale up. The cohort is composed of 40% of women. They will benefit from a wide range of training and support programs to enable them to start and grow their businesses.
The incubator is located at the heart of Tripoli business district and is housed within a 1000sqm building, fully renovated, equipped and decorated with participation of Libyan artists for an overall youthful and innovative vibe.
The STREAM incubator has been developed within a €2 million project, which aims to encourage the development of innovative entrepreneurs in Libya. In partnership with Libyana Mobile Company, it seeks to raise the capacities of start-ups through coaching, mentoring, networking, and meeting with investors.
It also seeks to create and manage a living community of entrepreneurs, thus paving the way for a dynamic private sector in Libya.
The project is financed by UK Government and implemented by Expertise France and sponsored by Libyana.
Tameem Addeeb, Head of STREAM said “We are extremely proud today to present STREAM as the right place for creativity and innovation. We utterly seek to help all innovators and entrepreneurs accelerate their ambitions and provide them with the utmost assistance . We ultimately long for their highly important participation in prospering the Libyan economy and moving forward to a better tomorrow”.
“The UK is proud to support the launch of STREAM, designed to build and develop flourishing networks of Libyan entrepreneurs. We will continue to encourage private sector development across Libya to create opportunities and pathways out of conflict for all Libyans”, Said Fleur Willson, Deputy Head of Mission, British Embassy to Libya.
‘’Expertise France is proud to implement in collaboration with Libyana Mobile Company, the first incubator, accelerator and fablab in Libya – thanks to the funding of the UK Government. We are very excited and hope that such projects are an important milestone in the development of the private sector in Libya’’ – Alexandre Chatillon-Mounier, Programme Director at Expertise France said.