By Sami Zaptia.
London, 11 November 2020:
The first phase of the Stream two-year Business Incubator and Accelerator project has ended ‘‘full of achievements and successes’’, Stream reported yesterday.
It said that in this phase, Stream demonstrated the importance of having business incubators, accelerators and an ecosystem that supports entrepreneurs to achieve economic diversification and to achieve the goals of ambitious Libyan youth.
Since the launch of its business incubator and accelerator as a project two-years ago, Stream reported that seven programmes have been delivered, three business incubation programmes to support ideas and four acceleration programmes to support start-ups.
It reported 1750 applications were received through these programmes, 101 streamers were trained and received 65 workshops with the help of local and international experts in several areas related to the development of their projects.
Furthermore, 21 ideas have been transformed into profitable projects from streamers of the incubation programmes, now present in the market and making profit. Also, 7 others are preparing to launch their projects soon.
It reports that 76 percent of start-ups have increased their profits after participating in Stream programmes, providing 126 job opportunities.
Stream looked forward to new successes in support more entrepreneurs and emerging companies in its next stage which will be supported by Libyana Mobile Company.
Stream’s projects have been funded by the UK embassy in Libya, implemented by Expertise France and sponsored by Libyana Mobile Phone Company.