Incubation Stage Kicks off for 73 Startups and SMEs in Libya.

The BINA Business Incubator launches the incubation stage that will go on for 3 months for 73 Startups and SMEs in Libya, in the BINA 2 and 3 competition.

Before the incubation stage, 360 projects applied in the BINA 2 competition, and 202 projects in the BINA 3, the projects were shortlisted to 134 and put into 3 groups to receive 100 hours of initial training, 53 projects were later selected by the jury after pitching sessions to enter the incubation stage.

In the incubation stage the startups will receive entrepreneurial intensive trainings, mentoring, pitching skills, boot-camp and eventually seed funding and matchmaking for the best startups and SMEs.

The BINA 2 and 3 competitions are among BINA Business Incubator’s initiatives to empower startups and SMEs in Libya, financed by Spark, the Qatar Fund Development, the Islamic Development Bank, the Islamic Solidarity Fund for Development and Yildiz Teknopark University.