Libyan Company specialized in Research & Development
TEC is a program that aims to build the main pillars of the entrepreneurial ecosystem in Libya and pave the way for the start-ups scene to grow and thrive, creating value-adding sustainable jobs and bridging the knowledge and skills gaps between Libya’s talent pool and the rest of the world.
Ultimately, it aims to support Libya’s transition from an economy of hydro-carbon exports to that of a knowledge Base.
For that aim, TEC has developed a three-year plan to graduate 30 start-ups from the TEC vehicles (incubators, co-working spaces, accelerators, etc.) and to inspire other 60 start-ups outside the TEC system. A total target of 90 start-ups is to be created over the next three years, creating 1,000 value-adding sustainable jobs.
TEC supports entrepreneurs and provides capacity building programs and support to young adults, programmers, entrepreneurs and members of academic and government institutions.