At an event in Tripoli Saturday, awards were presented to four winners of the Innovation Garden project’s business incubator and accelerator programmes.
Elaborating on the project and winners in an exclusive interview with Libya Herald, Najla Al-Masalati, the Director of the Innovation Garden business incubator of the Tadawul Financial Group, said that the business accelerator project lasted two months, during which workshops and advisory sessions were organized with experts and mentors. Weekly discussion sessions to contribute to the maturation and refinement of the projects were also held.
After the scheduled period for the accelerator passed, it concluded with a competition, and 4 companies were selected based on the number of points obtained during the accelerator period and the points obtained by the jury at the closing ceremony.
Regarding the winning companies, their specialization, and the financial prizes awarded to them, Al-Masalati stated that first place went to the Biscotti Project, receiving a financial prize of 20,000 euros. This project specializes in manufacturing and presenting sweets, as the Biscotti Company seeks to provide distinctive types of biscuits and sweets with various flavours and high quality. It is keen to use natural ingredients and pay great attention to the details of preparation to ensure a delicious experience for consumers.
Biscotti Company is distinguished by meeting the individual taste needs of each customer and providing products that add a delicious touch to your special moments.
The second place went to the Print It project, which received a financial prize of 15,000 euros. It is a company that provides digital design and 3D printing services. It aims to meet the needs of customers in various fields by providing creative design solutions and high-quality 3D printing, whether for commercial or personal purposes. The company uses modern technologies and high-quality equipment to ensure that customer projects are implemented with the highest level of accuracy and quality. Print It has extensive experience in the field of 3D design and printing, and strives to meet customers’ needs and realize their vision through its specialized services.
Al-Masalati confirmed that the third place was for the Room Vibes project, which received a financial prize of 10,000 euros. It is an online store specialized in providing a distinctive and beautiful collection of furniture and accessories to decorate rooms, giving them a beautiful character. Room Vibes aims to meet customers’ needs for unique products that add an aesthetic touch to homes. Whether it is elegant pieces of furniture or adding unique and distinctive touches.
As for the fourth place, it was for the Turbo project, which won a financial prize of 5,000 euros. Turbo Delivery is considered a leading company in Libya that provides various delivery services with guaranteed quality, trust, and safety of products. It strives to ensure that products reach customers quickly and in good condition. The company provides fast and efficient delivery services for various products, whether online orders, delivery between regions, or delivery of parcels and documents, allowing customers to benefit from the convenience and ease of obtaining the products they need. Making it a reliable choice for availing delivery services in the country.
Post receiving financial prizes, follow up will continue with the winners
Regarding the role of the Innovation Park Incubator with the winning companies during the coming period, Al-Masalati said followed up will continue and that the financial prizes will not be delivered all at once. A strategic plan will be developed with each company to achieve a set of goals, and whenever a goal is achieved and verified, a portion of the prize will be paid.
Four more projects in 2024
Al-Masalati confirmed that the Innovation Park business incubator will continue projects to incubate emerging projects and creative ideas in cooperation and support with international organizations, including the European Union. During 2024, 4 projects will be organized, including two incubator projects and two accelerator projects.