Reinforcing Med Microfinance Network System for Start-ups

(Rest@rts)

Project in brief

ReSt@rts  offers an innovative and structural model of support that promotes, fosters, and facilitates access to finance and entrepreneurship skills for start -ups in the Mediterranean countries.

Access to finance is still a major barrier to business development in the Mediterranean region. Young entrepreneurs must fight to get proper financing. Capitalizing on findings and outputs from MEDSt@rts and other ENI initiatives, Rest@rts will provide technical guidelines and tools including the creation of an online platform that acts as a marketplace for both financial and non-financial services .

Who will benefit?

• Young entrepreneurs and women usually considered as ‘non-bankable’
• Business angels
• Private and public finance institutions
• Local and regional authorities

Project Goals

• To promote the transfer of knowledge and best practices in the Mediterranean area, for the promotion and improvement of access to finance initiatives according to ethical principles;
• To support business development services for encouraging the creation of new economic and professional opportunities;
• To strengthen the system of ethical microfinance, already started with the MEDSt@rts, in the Mediterranean area;
• To strengthen a transnational network, which can be the right approach to link the demand with the offer of financial and non-financial services;
• To enhance field experiences and improve peer to peer initiatives by adopting more collaborative approaches;
•  To promote knowledge transfer processes to the new partners in the Mediterranean countries

Expected achievements

• Industry microfinance study 2.0
• Microfinance providers association set in place
• Microfinance manifesto for public authorities
• Technical Training to microfinance providers
• Massive Online Open Course (MOOC) for aspiring Mediterranean entrepreneurs
• Consultancy support to entrepreneurs
• Digital marketplace platform that will gather supply and demand of micro funding

Duration                                              September 2021 – August 2023

Project Website                                https://www.enicbcmed.eu/projects/restarts

Project Facebook                          https://www.facebook.com/restartsproject  

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