GIMED: The Green Impact Med Project-Positive Investments for Positive Impacts

The Green Impact Med Project-Positive Investments for Positive Impacts (GIMED)

The development of a green economy in the Mediterranean area to combat environmental degradation represents an excellent opportunity for jobs creation, particularly for young graduates and women who are three times less likely to be employed than men. Strengthening eco-innovative entrepreneurship is a recognised solution even though green ventures face a complex set of challenges including limited access to funding, underdeveloped markets and fragmented support from sector stakeholders. 

Entrepreneurs admit to being unprepared and poorly supported concerning access to finance and markets, which called for the creation of GIMED to make an impact amid the lack of information, knowledge and skills in the region. 

GIMED’s primary goal is to support entrepreneurs, mainly young and women, to better access to finance and markets in the five Mediterranean countries. On the ground, the project will train and coach eco-innovators and encourage financiers to invest in the Mediterranean eco-innovation sector. In numbers, the project will include 200 coaching sessions on access to finance and markets, 200 capacity building initiatives on eco-design and green business modelling, and eight sub-grants.

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Duration

September 2019 – June 2022

Country of implementation​

Spain, Lebanon, Palestine, Tunisia, Egypt and Italy

Client

European Union, The European Neighborhood Instrument (ENI) CBCMED, and Regione Autonoma De Sardigna

Budget

€1m – €5m