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 Berytech Joins Hands with UAE-based Mohammed bin Rashid Al Maktoum Foundation to Promote Entrepreneurship; an agreement that will Foster Entrepreneurial Activities in Lebanon and Region.
The Memorandum of Understanding (MoU) with Dubai-based Mohammed bin Rashid Al Maktoum Foundation was signed by Maroun N. Chammas, President of Berytech, and Sultan Lootah, Vice President - Entrepreneurship and Employment, Mohammed bin Rashid Al Maktoum Foundation. The signing ceremony, held at the Berytech offices in Mar Roukoz, was attended by senior officials of both organisations and members of the press.
The not-for-profit Emirati Foundation seeks to develop the knowledge capabilities of the Arab world through a series of strategic programmes in three main sectors of knowledge and education; culture; and entrepreneurship and employment. The Foundation leverages knowledge as a key platform for launching effective solutions to address key challenges facing the Arab world such as unemployment and brain drain.
One of Lebanon’s pioneering incubation and business development centres, Berytech has supported more than 70 start-ups and assisted in creating over 250 jobs. Since its inception in 2002, Berytech has actively promoted, created and developed value added start-ups and small and medium-sized enterprises (SMEs) through training, coaching, hosting and facilitating access to finance.
Commenting on the agreement, Maroun N. Chammas said: “We are delighted and honoured that MBRF chose Berytech to deploy its program across the region. We share the Foundation’s vision and goals in entrepreneurship and we are confident that the joining of such forces will yield an evidential impact on the issues at hand; namely unemployment and brain drain which Berytech has been successfully addressing for a number of years.”
Praising Berytech’s proactive role, Sultan Lootah said: “We are glad to cooperate with such a dedicated organisation that mobilises necessary resources to enhance opportunities for the Lebanese youth. It has led by example in providing professional consultancy and financial support to nurture entrepreneurial activities in the country. We are looking forward to leveraging Berytech’s knowledge and expertise for promoting entrepreneurship as a favourable alternative for job creation.”
According to the MoU, Berytech and the Foundation will cooperate to develop broader and deeper innovation capabilities throughout Lebanon and the region, contributing to future sustainable economic growth and the creation of new employment opportunities. The partnership also aims to drive regional entrepreneurship-related research and the establishment of centres of excellence.
Besides its involvement in the development of online entrepreneurship-related educational content, Berytech will also participate in organising and hosting competitions, seminars and events aimed at fostering the entrepreneurship base, both locally and regionally.
Following the signing ceremony, Sultan Lootah accompanied by Maroun N. Chammas toured Berytech’s incubation centre and business development facilities. During the visit, Lootah met with a number of entrepreneurs who briefed him on their fledgling projects and the kind of support they received from Berytech.
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