MED Microfinance Support System for Startups (MEDSt@rts)
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 enterprises is often impossible. MEDSt@rts wants to help young people jump that deterrent hurdle, and accordingly, will develop an innovative supporting model to facilitate access to funding for “non-bankable” people. It will target actively committed young Mediterranean people with innovative business ideas, either in the initial or consolidation stage.
Scouting, training and funding are the three main components of MEDSt@arts to launch new MESMEs and create new job opportunities.
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October 2019 – April 2022
Country of implementation
Italy, Greece, Tunisia, Palestine, Lebanon
European Union, The European Neighborhood Instrument (ENI) CBCMED, and Regione Autonoma De Sardigna
€1m – €5m
Announcements and Activities
April 27th – MEDSt@rts creates a network of local main actors to facilitate Palestinian entrepreneurs’ access to finance. The network brings together 12 financial institutions to build a constructive dialogue and share knowledge, as well as contribute to the project’s financing scheme, with a focus on talented, yet non-bankable entrepreneurs.
The Palestinian network is part of a bigger Mediterranean network that includes 60 key financing players from Greece🇬🇷, Tunisia🇹🇳, Lebanon 🇱🇧, Palestine,🇵🇸 and Italy 🇮🇹.
June 30th – Medst@rts is currently accepting applications in Palestine.
You are encouraged to apply if you are 18-40 years old, unemployed, first-time business owner, or have an exciting business idea in one of the following sectors: digitalisation, agri-food, eco design, craftsmanship, cultural heritage, tourism, personal services, green innovation, isolation-economy, education, social innovation.
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