IM Capital at Beirut Startup Weekend’s Environment Edition
For its sixth anniversary, the Beirut Startup Weekend organized a special “environment edition” at the ESA Business School campus, an event funded by the European Union with the support of the Lebanese entrepreneurship ecosystem. Following a first day of competitive creative pitches by 29 impromptu teams of developers, programmers, designers, and entrepreneurs, 7 selected finalists then had 48 hours to present their idea to a panel of judges, along with a working prototype and a realistic business plan to support it. Limm platform won the first prize of $3,000 to develop the idea, as well as a 3-months incubation period at Berytech and access to AltCity’s Startup Bootcamp. The platform would be offered free of charge and would aim to connect Lebanese households to municipal workers in order to facilitate the collection of sorted, recyclable waste. Limm would also reward households and individuals based on the quality and quantity of their output, through programs funded by private companies’ CSR programs. In the next stage, Limm will allow individuals to integrate the platform based on an “Uber concept” said Nicolas Farah, one of the entrepreneurs behind this idea. This would allow truck owners to register as freelance collectors and earn additional income.
All 7 finalists have the chance to interview for potential admission in Speed@BDD’s next acceleration cycle, which will begin in September 2016.
