Crisis Management Program for Women-led Businesses
The Government of Lebanon and the World Bank Group – International Finance Corporation recognize the importance of closing economic gender gaps and have therefore launched the Mashreq Gender Facility (MGF) in 2019 in collaboration with the Governments of Iraq and Jordan and with support from Canada and Norway. The MGF aims to enhance women’s economic opportunities.
Under this initiative, The World Bank Group has partnered with Berytech and the Lebanese League for Women in Business (LLWB) to provide capacity building in times of crisis for women who want to grow their businesses and enhance their business model, marketing, financing, and networking opportunities, as well as learn how to be resilient in the face of crisis.
Berytech and LLWB will provide women business owners with the needed understanding of the crisis mechanism and the required tools and frameworks to understand the crisis impact on their business, and to help them develop adequate mitigation plans to navigate the repercussions of the current crises and ensure sustained operations.
80 business advisors will be selected and trained on crisis management so that they can support the women-led businesses admitted to the program, and 160 women-led businesses will be selected and supported to mitigate the impact of the economic crisis in Lebanon and COVID19 on their businesses, , as well as the impact of the more recent Beirut explosion. The applications to participate in the program are open online.
This program, produced as part of the Mashreq Gender Facility MGF, supports the economic mobility of women in Lebanon, helping them to grow sustainable businesses that are market-oriented, profitable, scalable, and which will facilitate job creation or maintain existing jobs.
Training of Trainers Program
The first series of workshops will target advisors who will attend a one-day training-of-trainers (ToT) on ‘Supporting women-led businesses in times of crisis.’ After attending the training day, advisors will receive six coaching sessions to support them in their activities with the women-led businesses.
The program is aimed at trainers who will in turn deliver gender-sensitive trainings to women business owners in Lebanon. Eighty (80) representatives of institutions that support women entrepreneurs will be invited to participate in these sessions.
The second series of trainings will target women business owners and women with a leading managerial role in their business. They will learn tools to mitigate the economic crisis impact in Lebanon and the impact of the COVID19 pandemic on their businesses, as well as the impact of the Beirut explosion.
The program is aimed at women business owners based in four main regions in Lebanon, Beirut, Beqaa, North Lebanon, South and Chouf.
One hundred and sixty (160) women entrepreneurs will be invited to participate in the sessions. Issues discussed will revolve around leadership in times of crisis, crisis management framework for SMEs, review of the business model, human resources considerations, and if needed, business skills and cash flow and financing.
After their training, the businesswomen will be matched with the advisors trained under the program.
Berytech is an ecosystem for entrepreneurs, providing a dynamic environment for the creation and development of startups and SMEs, fostering innovation, technology and entrepreneurship in Lebanon.
Since 2002, Berytech has housed more than 350 entities, assisted more than 3,800 entrepreneurs, helped create more than 2,700 job opportunities, granted more than $2.0M to startups, raised $26.5M in funds to manage programs, and has been investing more than $70M in Lebanese technology companies.
Berytech has been certified by international organizations and has international memberships offering entrepreneurs in the Lebanese community access to global support networks.
Berytech manages several programs, under different sectors including Agri-Food Innovation, Clean Technology, Social Entrepreneurship, Women Empowerment, and SME Development.