The Ministry of Economy and Trade of the "Interim Government of National Unity" announced on Wednesday the launch of the "Intilaqah" initiative to support and finance small and micro projects, aiming to fund youth, craftsmen and entrepreneurs’ projects, with a focus on innovation and knowledge economy.
The initiative is geared towards establishing a new system to support emerging companies and ensure their financing by establishing a special guarantee fund for the targeted projects, according to a statement by the ministry on its Facebook page.
The first phase of the initiative targets 1,000 young entrepreneurs, craftsmen and innovators, and relies on strategic partnerships with business incubators in Libyan universities to ensure effective implementation and support.
Economy
