The EUROMED Invest project and its operations
EUROMED Invest, with a budget of €5 million, is one of the main European programs aiming at developing private investments and economic relations in the Euro-Mediterranean area.
Its objective is to renew the interest of SMEs in the Euro-Mediterranean market, increase investment and business projects flow, and ensure that the EU regains its leading position as source of foreign direct investment in these countries.
Following the kick-off meeting of EUROMED Invest that took place in Marseille last 26-28th of May, the First Call for proposals of the project has been disseminated among the 79 affiliated organisations.
About 40 operations have been selected by the Executive Committee and will be implemented in the three upcoming years. Different kinds of activities will be developed: business matchmaking gatherings in Europe and in South Mediterranean countries, young entrepreneurs masterclasses, mentoring actions for companies and business support organisations and best practices sharing academies for business support organisations. The second call for proposals of the project is expected to be launched in July 2015.
The project is coordinated by ANIMA Investment Network within the MedAlliance consortium, which consists of 6 members: Eurochambres (Association of European Chambers of Commerce), ASCAME (Association of Mediterranean Chambers of Commerce), BusinessMed (Union of Mediterranean Confederations of Enterprises), EMDC (Euro-med Development Center for Micro, Small and Medium Enterprises), GACIC (German-Arab Chamber of Commerce) and EABC (Euro-Arab Business Council).
EUROMED Invest is funded by the European Commission, the MedAlliance consortium, the Provence-Alpes-Côte d'Azur Region and the City of Marseilles.