Supporting Innovation in Small and Medium Enterprises Project

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The objective of the Supporting Innovation in Small and Medium Enterprises (SMEs) Project for Lebanon is to encourage the equity investment market to increase the supply of early stage investment finance for financially viable, new, and existing innovative firms. There are two components to the project, the first component being innovation in Small and Medium Enterprises (iSME) funding program. This component includes two subcomponents: Concept Development Grants (CDGs), and equity investment. The second component is the project management. This component will support the establishment of the Project Management Unit (PMU), project management and implementation, and carrying out marketing and outreach activities. It will include provisions of goods and consultants' services, including audit, and financing of incremental operating costs, training and incremental fees.