Beneficiaries should fit the following guidelines:
Country of Incorporation: Based and Incorporated in Lebanon
Industry Focus: All sectors excluding manufacturing or selling arms, weapon, or munitions; Activities that contributes to the violation of internationally recognized workers and human rights conventions or Lebanese labour laws; Any activity defined as illegal, or environmentally hazardous and dangerous for human health; All activities involved in the gambling industry; Activities involved in currency speculations; Security investments, or other type of financial assets; Activities in the real estate sector.
Stage: Pre-seed, Seed, Early-Stage and Growth.
Standards: Early-Stage Businesses must have the potential to generate significant value added and/or use local raw materials and/or introduce new and innovative technologies; or shall be operating in rural areas promoting basic infrastructure and financial support; or shall present new prototypes, products, inventions based on detailed market analysis, financial and technical appraisal.
Sustainable Business Model: Early-Stage Businesses must have a strong and sustainable competitive advantage and can compete not only locally, but regionally and even on a global basis.
Management Team: A strong management team is needed for any Early-Stage Business to sustain. The management team should have skilled, realistic, honest and seasoned group of people who have the capability to turn plans into reality.
Employment Creation Capacity: IM Capital goal is to create employment opportunities across multiple sectors in Lebanon, and as such each Early-Stage Businesses should exhibit a high potential for creating quality and sustainable employment opportunities.
Export Orientation: With the purpose of supporting Lebanon’s economy, IM Capital will invest in Early-Stage Businesses that do or have the potential to export their products or services regionally and/or globally.
Environmental Conditions: Beneficiaries must adhere to the “Principles for Environmental Management” in the conduct of its operations. Beneficiaries shall seek to support sustainable economic development. An important aspect of this task is to encourage the emerging private sector to be sensitive to the environmental implications of its activities and, where necessary, work to ameliorate over time any negative environmental repercussions of such activities. To this end, beneficiaries shall seek to ensure not to support any activity that poses a significant threat of irreparable harm to the environment. In making decisions, beneficiaries shall comply with applicable environmental laws and, whenever practicable, attempt to follow the policies underlying the International Chamber of Commerce’s Business Charter for Sustainable Development and the CERES Principles.
Terrorist Financing: Beneficiaries must not engage in transactions with, or provide resources or support to, individuals and organizations associated with terrorism.