In a significant stride towards fostering entrepreneurship and innovation in Libya, BINA, a dynamic incubator and business development organization, has officially joined hands with Fezzan University. The partnership cemented through a formal agreement signed on the 19th of October 2023, holds the promise of establishing an incubator right within the premises of Fezzan University.
The collaboration’s primary focus is set on empowering Small and Medium-sized Enterprises (SMEs) and Micro, Small, and Medium-sized Enterprises (MSMEs), two vital pillars of any thriving economy. By providing an environment conducive to their growth, this initiative aims to support the development of these businesses, which play an integral role in job creation and economic advancement.
The signing of the formal agreement between BINA and Fezzan University marks the initiation of this exciting journey towards empowerment and innovation. The signatories, Mr. Mustafa Elsagezle, Director General of BINA, and Dr. Almahdy Milad Aljiddi, Chair of Fezzan University, expressed their optimism and commitment to the success of this partnership.