Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund
Lebanon is a typical example of a country where the banking sector is stable with high levels of liquidity, and where the government has put in place various incentive mechanisms and programs to encourage lending for small and medium enterprises (S...
| Main Author: | |
|---|---|
| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/02/17394148/supporting-innovation-smes-lebanon-through-publicprivate-equity-fund-isme-fund http://hdl.handle.net/10986/16133 |
| id |
okr-10986-16133 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-161332021-04-23T14:03:27Z Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund Akeel, Randa ANGEL GROUPS BANK FINANCING BANKING SECTOR BANKS BARRIER BARRIER TO FINANCE BENEFICIARIES BENEFICIARY BUSINESS ANGEL BUSINESS COMMUNITY BUSINESS PLAN CAPITAL STRUCTURE CHECKS COLLATERAL COMMERCIAL BANKS COMPANY COMPETITIVE MARKET CONFLICTS OF INTEREST CREDIT GUARANTEE CREDITORS CRITICAL MASS DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EQUITY FINANCING EQUITY FUND EQUITY INVESTMENT EQUITY INVESTMENTS EXPANSION FINANCIAL ACCESS FINANCIAL INSTITUTION FINANCIAL SECTOR FINANCING APPLICATION FIRMS FUND MANAGEMENT FUND MANAGER FUND MANAGERS GUARANTEE AGENCY HOLDING HOLDING COMPANIES HOLDINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTEREST PAYMENTS INVESTING INVESTMENT BANKS INVESTMENT FINANCE INVESTMENT MARKET INVESTMENT OPPORTUNITIES INVESTMENT RISKS LIQUIDITY MARKET FAILURE MEDIUM ENTERPRISES NATIONAL DEVELOPMENT NEW BUSINESS OUTREACH PORTFOLIO PRIVATE EQUITY PRIVATE SECTOR DEVELOPMENT REGULATORY ENVIRONMENTS REPUTATION RESERVES RETURN RETURNS RISK CAPITAL RISK PROFILE SEED CAPITAL SEED FUNDING SMALL INVESTORS START-UP START-UPS TRACK RECORD TRADITIONAL FUND TRANSPARENCY VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITALISTS Lebanon is a typical example of a country where the banking sector is stable with high levels of liquidity, and where the government has put in place various incentive mechanisms and programs to encourage lending for small and medium enterprises (SMEs). These include subsidized interest payments, exemptions on compulsory reserves on creditors, and a credit guarantee program-yet lending still largely remains confined to large firms. Lebanese start-ups suffer from three substantial gaps in their country's financial environment: 1) funding at the early concept stage where entrepreneurs need to develop their ideas into a viable concept and product; 2) early stage seed funding needed when starting a company; and 3) absence of venture finance needed for the firm to reach its growth stage and beyond. The project's main component comprises an innovation in SMEs funding program (the iSME fund). The iSME fund will provide two sources of financing: US$2.5 million for Concept Development Grants (CDGs); and US$25 million for equity investment in seed, early/venture, and growth stage firms. The remaining project amount will support project management, strategic training activities, marketing, and outreach to the business community, venture capital partners, the diaspora and community at large to promote the project and the fund's beneficiary entrepreneurs. 2013-10-15T16:23:22Z 2013-10-15T16:23:22Z 2013-02 http://documents.worldbank.org/curated/en/2013/02/17394148/supporting-innovation-smes-lebanon-through-publicprivate-equity-fund-isme-fund http://hdl.handle.net/10986/16133 English en_US MENA Knowledge and Learning Quick Notes Series;No. 81 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa Lebanon |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ANGEL GROUPS BANK FINANCING BANKING SECTOR BANKS BARRIER BARRIER TO FINANCE BENEFICIARIES BENEFICIARY BUSINESS ANGEL BUSINESS COMMUNITY BUSINESS PLAN CAPITAL STRUCTURE CHECKS COLLATERAL COMMERCIAL BANKS COMPANY COMPETITIVE MARKET CONFLICTS OF INTEREST CREDIT GUARANTEE CREDITORS CRITICAL MASS DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EQUITY FINANCING EQUITY FUND EQUITY INVESTMENT EQUITY INVESTMENTS EXPANSION FINANCIAL ACCESS FINANCIAL INSTITUTION FINANCIAL SECTOR FINANCING APPLICATION FIRMS FUND MANAGEMENT FUND MANAGER FUND MANAGERS GUARANTEE AGENCY HOLDING HOLDING COMPANIES HOLDINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTEREST PAYMENTS INVESTING INVESTMENT BANKS INVESTMENT FINANCE INVESTMENT MARKET INVESTMENT OPPORTUNITIES INVESTMENT RISKS LIQUIDITY MARKET FAILURE MEDIUM ENTERPRISES NATIONAL DEVELOPMENT NEW BUSINESS OUTREACH PORTFOLIO PRIVATE EQUITY PRIVATE SECTOR DEVELOPMENT REGULATORY ENVIRONMENTS REPUTATION RESERVES RETURN RETURNS RISK CAPITAL RISK PROFILE SEED CAPITAL SEED FUNDING SMALL INVESTORS START-UP START-UPS TRACK RECORD TRADITIONAL FUND TRANSPARENCY VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITALISTS |
| spellingShingle |
ANGEL GROUPS BANK FINANCING BANKING SECTOR BANKS BARRIER BARRIER TO FINANCE BENEFICIARIES BENEFICIARY BUSINESS ANGEL BUSINESS COMMUNITY BUSINESS PLAN CAPITAL STRUCTURE CHECKS COLLATERAL COMMERCIAL BANKS COMPANY COMPETITIVE MARKET CONFLICTS OF INTEREST CREDIT GUARANTEE CREDITORS CRITICAL MASS DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP EQUITY FINANCING EQUITY FUND EQUITY INVESTMENT EQUITY INVESTMENTS EXPANSION FINANCIAL ACCESS FINANCIAL INSTITUTION FINANCIAL SECTOR FINANCING APPLICATION FIRMS FUND MANAGEMENT FUND MANAGER FUND MANAGERS GUARANTEE AGENCY HOLDING HOLDING COMPANIES HOLDINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INTEREST PAYMENTS INVESTING INVESTMENT BANKS INVESTMENT FINANCE INVESTMENT MARKET INVESTMENT OPPORTUNITIES INVESTMENT RISKS LIQUIDITY MARKET FAILURE MEDIUM ENTERPRISES NATIONAL DEVELOPMENT NEW BUSINESS OUTREACH PORTFOLIO PRIVATE EQUITY PRIVATE SECTOR DEVELOPMENT REGULATORY ENVIRONMENTS REPUTATION RESERVES RETURN RETURNS RISK CAPITAL RISK PROFILE SEED CAPITAL SEED FUNDING SMALL INVESTORS START-UP START-UPS TRACK RECORD TRADITIONAL FUND TRANSPARENCY VENTURE CAPITAL VENTURE CAPITAL FUNDS VENTURE CAPITALISTS Akeel, Randa Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| geographic_facet |
Middle East and North Africa Lebanon |
| relation |
MENA Knowledge and Learning Quick Notes Series;No. 81 |
| description |
Lebanon is a typical example of a
country where the banking sector is stable with high levels
of liquidity, and where the government has put in place
various incentive mechanisms and programs to encourage
lending for small and medium enterprises (SMEs). These
include subsidized interest payments, exemptions on
compulsory reserves on creditors, and a credit guarantee
program-yet lending still largely remains confined to large
firms. Lebanese start-ups suffer from three substantial gaps
in their country's financial environment: 1) funding at
the early concept stage where entrepreneurs need to develop
their ideas into a viable concept and product; 2) early
stage seed funding needed when starting a company; and 3)
absence of venture finance needed for the firm to reach its
growth stage and beyond. The project's main component
comprises an innovation in SMEs funding program (the iSME
fund). The iSME fund will provide two sources of financing:
US$2.5 million for Concept Development Grants (CDGs); and
US$25 million for equity investment in seed, early/venture,
and growth stage firms. The remaining project amount will
support project management, strategic training activities,
marketing, and outreach to the business community, venture
capital partners, the diaspora and community at large to
promote the project and the fund's beneficiary entrepreneurs. |
| format |
Publications & Research :: Brief |
| author |
Akeel, Randa |
| author_facet |
Akeel, Randa |
| author_sort |
Akeel, Randa |
| title |
Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| title_short |
Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| title_full |
Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| title_fullStr |
Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| title_full_unstemmed |
Supporting Innovation in SMEs in Lebanon through a Public/Private Equity Fund : The iSME Fund |
| title_sort |
supporting innovation in smes in lebanon through a public/private equity fund : the isme fund |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/02/17394148/supporting-innovation-smes-lebanon-through-publicprivate-equity-fund-isme-fund http://hdl.handle.net/10986/16133 |
| _version_ |
1764432233845751808 |