Faro in a few words
Faro, the seed capital, development and orientation fund was launched on 27 May 2010 in the context of the Union for the Mediterranean to boost the development of innovation on both sides of the Mediterranean.
With a budget of 1 million euros, the fund enables European entrepreneurs to study the feasibility of innovative projects undertaken in collaboration with partners from the South of the Mediterranean. Each project backed by the Faro is allocated a subsidy of 20,000 euros maximum, to finance up to 50% of the total costs involved in the works.

More information on  www.faro-um.org

The East Invest programme aims at promoting and facilitating investment, and economic cooperation at large, between the EU countries + Turkey and the 6 Eastern Partnership (EaP) countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. Funded at 80% by the European Union over the 2011-2013 period, it is implemented by the East Alliance consortium, led by EUROCHAMBRES .
East Alliance gathers CCIs, business federations, SME Agencies and other economic development organisations.
ANIMA, along with Eurochambres, 5 other business organisations and the 6 EaP countries, is part of the Project Management Commmittee and is more specifically in charge of implementing the economic intelligence activities, including 6 country specific analyses on investment potential and sectoral strategies.
More information www.eastinvest.eu
 

MedVentures is a regional market place and service platform dedicated to the internationalisation of innovative high-growth ventures in the Mediterranean through coaching, partnerships, team building and financing.
This year in the Framework of the EC Funded Invest in Med program, the 100 best innovative start-ups will be selected in South Mediterranean partner countries by selected and pro-active entrepreneurship and innovation networks. The 10 best start-ups will be selected for the finals by a jury of high level international investors business and innovation networks and will compete for prizes worth €90,000 in total, proposed by our sponsors.
On December 3, 2010 in Marseille, during the Mediterranean Economic Week, the MedVentures finals and business forum will take place. Testimonials of the best MedVentures entrepreneurs, case studies of smart Euro-Med cooperations, offers for partnerships, one to one business meetings, and speed networking sessions on co-investments, and cross-border support to entrepreneurs will be organised. We thus aim to put together the best pro-active euro-Mediterranean networks and build with them a 3-year action plan.

More information on www.medventures.biz

 The Invest in Med programme aims at developing sustainable trade relationships, investments and enterprise partnerships between the two rims of the Mediterranean. Funded at 75% by the European Union over the 2008-2011 period, it is implemented by the MedAlliance consortium, led by ANIMA.
MedAlliance gathers economic development organisations (ANIMA, leader of the programme), CCIs (ASCAME, EUROCHAMBRES), and business federations (BUSINESSMED). The members of these networks, as well as their special partners (UNIDO, GTZ, EPA Euroméditerranée, World Bank, etc.), gather a thousand of economic actors - mobilised through pilot initiatives centered on key Mediterranean promising niches. Each year, a hundred operations associate the 27 countries of the European Union and 9 Mediterranean partner countries: Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestinian Authority, Syria and Tunisia.
They are divided along the following lines: Networking (BtoB events, Business Representative Organisations matchmaking, conferences); Assistance (support missions and short/long term staff exchanges); Training (workshops); Documentation (guide books, economic intelligence, reports). Other major issues addressed by the program relate to young and women entrepreneurs, Diasporas, micro-enterprises, franchising and leasing, public-private partnerships and access to financing.
More information on www.invest-in-med.eu