Lebanon Lebanon
Mon Jun 19, 2017
Michel Issa Foundation (MIF) and Berytech Sign a Memorandum of Understanding to Create a Business & Innovation Center in Amchit

With the aim of contributing to economic development in Kesserwan, Jbeil, and Northern kazas, Michel Issa Foundation For Local Development (MIF), represented by its President Dr. Toni Issa, and Berytech, represented by its Chairman and CEO Mr. Maroun Chammmas, signed a Memorandum of Understanding to establish and develop "Berytech Amchit", the First Business & Innovation Center outside greater Beirut in Amchit-Jbeil. Addressing the economic needs of the region, "Berytech Amchit" aims to foster innovation and entrepreneurship, to contribute to job creation and to bring high value and impact to the region.
The event was held on June 19, 2017 at Saint Joseph University (USJ), Rectorate office Mathaf- Beirut, in the presence of Rector Salim Dacchache s.j. and Mr. Michel Issa, giving their official endorsement for the project. Also present were the Vice Rectors of the University, the Management of Berytech, and members from Michel Issa Foundation (MIF) in addition to Patriarchal Vicar for Sarba area Bishop Boulos Rouhana, President of Amchit Municipality Dr. Antoine Issa, and General Prosecutor of the Court of Audit Judge Fawzi Khamis, and Chairman and CEO of ERGA Group Mr. Elie Gebrayel.   
In his speech, Dr. Issa highlighted that the project will help meet the economic development strategies of Michel Issa Foundation for Local Development (MIF). Being the first project of its kind in the area, it will allow the attraction of the best talents, university students, entrepreneurs, startups and SMEs thus reducing the migration of young professionals to Beirut, enhancing innovation and boosting the development and growth of novel ventures in the region.  
In his intervention, Mr. Chammas confirmed that Berytech will most importantly work to create a dynamic community while constantly organizing networking events, meet-ups and conferences with valuable speakers to promote entrepreneurship and job creation in the above-mentioned areas while focusing on the ICT, Smart Agri-Food, Renewable energy, Ecotourism and Social Entrepreneurship sectors. 
In his turn, Professor Salim Daccache s.j., Rector of Saint Joseph University welcomed MIF and Berytech's initiative, and explained that one of USJ's missions is the local development of human, economic and social resources. Thus, the new Berytech will be a true incubator of new companies, especially for students and young graduates of USJ and other universities. 

"Berytech Amchit" is due to open its doors in 2020.

Stay tuned on Michel Issa Foundation Facebook Page.

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