The Institute for Research and Development in France launches the third edition of the Program of Assistance to the Creation of Innovative Companies in the Mediterranean (PACEIM).

Initiated in 2010, the PACEIM supports innovating businesses creation projects in Algeria, Lebanon, Morocco and Tunisia, in all sectors.

It is intended for nationals of the Southern Mediterranean, residing in Europe, university students, graduates of higher education from Masters to postdoctoral levels or technicians, engineers and researchers who have conducted scientific studies in or in relation with public research institutions in the North (universities, colleges).

It offers individual support and assistance of up to 35,000 Euros per project to fund services necessary for the maturation of projects and their technical, economic and legal validation.

The deadline for submission of applications is set for October 5, 2012.