Reinforcing Med Microfinance Network System for Start-ups
Access to finance is still a major barrier to business development in the Mediterranean. This is especially true when it comes to young entrepreneurs that must fight much more than average to get proper funding. ReSt@rts intends to break down this business obstacle by supporting the so-called “non-bankable” young people. The project will extend the microfinance system developed in previous projects to new geographical areas and sectors and will ensure that the main results of these projects are consolidated into new policies at regional level. Both aimed at entrepreneurs and microfinance providers, a marketplace platform will be developed to gather the supply and demand in a friendly and easily accessible business environment. In this platform, crowdfunding will be playing a key role, as the ReSt@rts partners understand that the use of alternative financing is essential whenever the traditional ways of funding fail. Thanks to ReSt@rts, many Mediterranean young would-be entrepreneurs will get a new chance to fund their business ideas. Eventually, concerned entrepreneurs will have access to a wide Mediterranean cross-border networks of investors.