Expertise France and Libyana partner up to boost Libyan start-ups
Tripoli, February 13, 2019 – Libyana, a major mobile phone operator in Libya, and Expertise France, the French agency of technical assistance, partnered up to support Stream, an integrated incubator, accelerator and fab lab in Tripoli. On February 13th, they signed a partnership agreement to encourage entrepreneurship and innovation and boost Libyan ecosystem of start-ups.
Stream is being created since October 2018 through a €2.000.000 project, which is financed by the UK government. It will open in June 2019 to welcome a strong and dynamic community of entrepreneurs. Stream’s goal is to develop the spirit of creativity and innovation in the community. It helps entrepreneurs transform their ideas into profitable businesses through the creation of an integrated environment, where entrepreneurs will find all services they need to develop and scale-up their businesses, such as coaching, mentoring, prototype design (through fab-lab facilities), registration, networking and investment opportunities.
In Libya, Expertise France has already been remarkably successful in disseminating an entrepreneurial mindset to strengthen private sector since 2014. Through EU financed SLEIDSE programme, Expertise France has provided Libyan start-up ecosystem with capacity building (bootcamps, mentoring, business plan contests, online courses…).
Libyana’s sponsorship for Stream is in line with its broader ambition to support innovation and entrepreneurship. Through supporting inventors, entrepreneurial projects, and the creation of a sound environment for business communities, Libyana aims to become a Hub for technological innovation.