Libya Startup

Create a network of business incubators across Libya offering mentorship, business development services, and training. These incubators will decentralise support, providing resources and guidance to startups and SMEs in less accessible areas, ensuring comprehensive assistance for entrepreneurs beyond major cities like Tripoli and Benghazi.

Implement training programmes focusing on essential skills such as business management, financial literacy, and digital marketing, tailored to Libyan entrepreneurs’ specific needs. This aims to bridge the gap between educational outcomes and labour market demands, equipping entrepreneurs with practical, relevant skills to enhance their business success.

Collaborate with government officials to advocate for and implement regulatory reforms that simplify business registration, reduce bureaucratic hurdles, and establish a favourable legal framework for startups. This initiative aims to create a more conducive environment for entrepreneurship by addressing regulatory challenges and making it easier for startups to thrive in Libya.

Develop a seed fund and microfinance programme offering small grants and low-interest loans to early-stage startups and small businesses. Complement this with financial literacy workshops to help entrepreneurs manage and grow their funding, aiming to improve capital access and reduce barriers to starting and scaling businesses.

Launch an online platform connecting entrepreneurs with resources, training, and funding opportunities. Featuring educational content, virtual mentoring, a service marketplace, and a funding database, this platform will also offer networking and collaboration spaces. It aims to bridge geographical gaps, providing crucial support and fostering a connected entrepreneurial ecosystem across Libya.

Introduce targeted programmes to support women and youth entrepreneurs through dedicated mentorship, networking events, and specialised funding opportunities. Additionally, launch campaigns to promote gender equality and youth entrepreneurship. This initiative aims to address specific challenges, foster inclusivity, and leverage the potential of these groups to drive broader economic growth.