What we do
Berytech fund is a Lebanese start up fund. Its mission is to invest in early growth Lebanese companies whose business is in the information and communication technology (ICT) in exchange for equity ownership. With over USD6 million under management, the Fund focuses on technology companies in Lebanon with proven commercial viability.
We have the operational experience to nurture the right management team to make the vision a reality, helping fast growing companies avoid pitfalls. We offer vision, imagination, experience and a network of contacts across the globe through the Fund partners.
The Fund will know how to garner the attention of the Venture Capital community at large, at the appropriate time and facilitate the next round of financing or investment for a win-win situation.
Berytech Fund is passionately committed to helping its portfolio companies succeed. We know that it takes more than solid financial support to get a company off the ground: we help make things happen.
History
Berytech Fund was founded in 2008. It is part of an eco-system focused on enterprise development and which started in 2002 with the establishment of Berytech Technology Pole, the first technology incubator in Lebanon. An initiative of Saint Joseph University (USJ), a prominent francophone university, the incubator was constructed in its Science & Technology Campus in the suburbs of Beirut and soon became a breeding ground for ICT ventures. In 2006, to respond for a growing demand for business development services and hosting, Berytech Technology & Health was inaugurated in the heart of Beirut within the Campus of Medical Science. The center was the recipient of a support grant from the European Union in recognition for its role in business development and incubation.
In the fulfillment of its mission, Berytech realized the need for providing equity financing to entrepreneurs. This led its Chairman, Mr. Maroun Chammas, to bring the idea to a successful fruition by assembling both a prominent group of investors who share the vision of Berytech to support entrepreneurship in Lebanon, and a professional team to manage the investment.
Thanks to the Fund’s ties to the support structure of Berytech, it enjoys access to a pool of business practitioners, academic experts and seasoned entrepreneurs, as well as to an array of business development services encompassing training, coaching, and access to further funding and to a wide network of local and global expertise.
Berytech’s involvement in the SME sector has allowed it to identify a market need for small scale early investment as well as a level of professional direction. We responded to this need by establishing the Berytech Fund.