Med microfinance support system for start-ups

Programme 2014 - 2020 Mediterranean Sea Basin ENI CBC

Date of latest update: 2022-02-15

Description

Description (EN):

Young people with promising business ideas abound in the Mediterranean region. However, young entrepreneurs encounter severe credit constraints and gathering enough money to start or scale up their enterprise is often impossible. MEDSt@rts wants to help young people jump that deterrent hurdle. To do so, the project will develop an innovative supporting model to facilitate access to funding for “non-bankable” people. It will target strongly committed young Mediterranean people with innovative business ideas, either in initial or consolidation stage. Scouting, training and funding will be the three main steps of MEDSt@arts’ approach, and, as a result, new MSMEs will be launched in each participating country and new jobs will be created.

Website: http://www.enicbcmed.eu/projects/medstarts

Expected Results (EN):

1 comprehensive database listing all microfinance schemes available in the Mediterranean area. 60 organisations part of a Mediterranean network on microfinance and microcredit for business development. 75 innovative business ideas identified and supported in different sectors, in particular digitization, sustainable tourism, handicraft, etc. 15 microfinance packages mixing direct support (sub-grant) and crowdfunding to support the growth of the best business ideas selected.

Expected Outputs (EN):

3.1 - 3.1 MEDITERRANEAN MICROFINANCE INDUSTRY STUDY, 3.2 - 3.2 NETWORK, 3.3 - 3.3 MEDST@RTS PROGRAMME FOR MEDITERRANEAN MICROFINANCE, 3.4 - 3.4 PROGRAMME GUIDANCE, 4.1 - 4.1 IDENTIFICATION OF BUSINESS IDEAS, 5.1 - 5.1 TRAINING PACKAGE, 6.1 - 6.1 MICROFINANCE PACKAGE, 6.2 - 6.2 MEDST@RTS ENTERPRISES.

Thematic information

SME and entrepreneurship

Thematic Objective: Business and SME development

Partners (7)

Lead Partner: FONDAZIONE DI SARDEGNA

Address: via San Salvatore da Horta n.2, 9124 Cagliari, Italy

Legal status: n/a

Website: http://www.fondazionedisardegna.it/

Total budget: EUR 383 119.92

ENI budget: EUR 344 807.93

Επιμελητήριο Αχαΐας

Name: Επιμελητήριο Αχαΐας

Address: Michalakopoulou 58, 26223 Patras, Greece

Legal status: n/a

Website: http://www.e-a.gr

Total budget: EUR 484 715.35

ENI budget: EUR 436 243.82

Camera di Cooperazione Italo-Araba

Name: Camera di Cooperazione Italo-Araba

Address: Via Monti Parioli n. 48, 197 Rome, Italy

Legal status: n/a

Website: http://www.cameraitaloaraba.org/

Total budget: EUR 259 208.57

ENI budget: EUR 233 287.71

غرفة التجارة والصناعة والزراعة في صيدا والجنوب

Name: غرفة التجارة والصناعة والزراعة في صيدا والجنوب

Address: Maarouf Saad Street P.O.Box 41Saida, Lebanon

Legal status: n/a

Website: https://www.ccias.org.lb/

Total budget: EUR 519 978.27

ENI budget: EUR 467 980.44

Società Finanziaria Regione Sardegna - S.p.A.

Name: Società Finanziaria Regione Sardegna - S.p.A.

Address: SFIRS S.p.A. via S. Margherita, 4, 9124 Cagliari, Italy

Legal status: n/a

Website: http://www.sfirs.it

Total budget: EUR 206 793.02

ENI budget: EUR 186 113.71

مؤسسة قیادات

Name: مؤسسة قیادات

Address: 2nd Floor, Adel Masri Bldg – Al-MasyounRamallah, Palestine

Legal status: n/a

Website: http://www.leaders.ps

Total budget: EUR 470 370.93

ENI budget: EUR 423 333.84

Chambre de Commerce et d'Industrie de Sfax

Name: Chambre de Commerce et d'Industrie de Sfax

Address: Rue Hammadi Tej, BP1153, 3018 Sfax, Tunisia

Legal status: n/a

Website: http://www.ccis.org.tn

Total budget: EUR 506 853.65

ENI budget: EUR 456 168.29

Partners map

Partners and Projects info

Chamber of Achaia

Med microfinance support system for start-ups

Partners and Projects info

Arab Italian Chamber of Cooperation

Med microfinance support system for start-ups

Partners and Projects info

Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon Acronym of the organisation

Med microfinance support system for start-ups

Partners and Projects info

Financial Society of Sardinia Region

Med microfinance support system for start-ups

Partners and Projects info

Foundation of Sardinia

Med microfinance support system for start-ups

Partners and Projects info

Leaders Organization

Med microfinance support system for start-ups

Partners and Projects info

SFAX CHAMBER OF COMMERCE AND INDUSTRY

Med microfinance support system for start-ups

Lead partner

Project partner

Summary

Project name (EN): Med microfinance support system for start-ups

Project acronym: MEDSt@rts

Project start date: 2019-10-11

Project end date: 2022-04-10

Project status: closed

Total budget/expenditure: EUR 2 831 039.71

Total EU funding (amount): EUR 2 547 935.73

Co-financing sources:

ENPI/ENI/NDICI: Amount, EUR 2 547 935.73.

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2014 - 2020 Mediterranean Sea Basin ENI CBC

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2024-02-09

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

80 / 80 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

610 / 610 (100%)

Notes on the data

Information provided by the Programme. Achievements were retrieved by Interact from the Programme website (http://www.enicbcmed.eu), or a website directly linked from it, on 2024-02-28. Fields project name (from 3 projects) translated from French into English using the European Commission's eTranslation machine translation service.

The projects which fields include an eTranslation English text are the ones with the following acronyms: RESMYLE, OENOMED and RE-MED.

Languages

Contact Form

Med microfinance support system for start-ups

Description

Thematic information

Partners (7)

Partners map

Summary

Information regarding the data in keep.eu on the programme financing this project

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