Young Lebanese entrepreneurs are invited to register for the ARLEM Prize

The Union for the Mediterranean (UfM) has announced the 4th edition of the ARLEM Prize for Young Local Entrepreneurs in the Mediterranean.

ARLEM, or Euro-Mediterranean Regional and Local Assembly, is a convention created in 2010 by the European Committee of the Regions (CoR) and is represented by Mediterranean partners and local and regional delegates from the European Union.

Many young local entrepreneurs have opened businesses and launched startups during the global pandemic that has affected Lebanon and the Mediterranean region, and they need support to grow them.

Thus, the ARLEM Prize aims to reward “entrepreneurial companies that energize local communities in the southern Mediterranean”.

The application deadline will end on August 15, 2022, and the winner will then be announced on November 28, 2022, on Mediterranean Day.

“It would be fantastic if we could encourage more young Lebanese entrepreneurs to apply for the competition,” the UfM said.

Previous winners of the award include:

  • 2021 – 1001 Albanian Adventures, a tourism company established by Erilda Krasi in Berat, Albania.
  • 2020 – Rima Dates, a company that uses poor quality dates to produce new market products like date syrup or vinegar, in Algeria.
  • 2019 – Zimni Jdeed, a fashion and textile company launched by Najway Altahir Mohammed Shukri and his brother Ali, in Libya.

The ARLEM Prize will be awarded to a young entrepreneur (up to 35 years old), whose business has been registered for at least 3 years.

To register and more information on the ARLEM Prize, click on here.