Libya’s Own Dragon Den or Shark Tank. A New Opportunity For Start Ups.


The Ghrghar Holding Group, led by Ismail Ishtiwi, initiated a groundbreaking program to invest in young men and women in Libya. Aiming to nurture their ambitions and unleash their potential to achieve higher goals.

The company called for anyone with an innovative idea or those interested in making a significant impact to participate in this initiative, which will occur in three phases.

The first phase involves sending a general idea via a designated email address. Economic advisors and specialists within the company will then engage with the idea’s submitter for discussion via Zoom, marking the second phase. This step aims to explore the idea’s feasibility further.

A company video shared on Instagram explained that there would be coordination for a face-to-face meeting at one of the company’s offices in Benghazi or Tripoli for the final stage, during which partnerships to execute the idea will be formalised.

The initiative aims to empower Libyan youth and will be active from September 1st, 2023, to September 1st, 2024. The company affirmed its commitment to support youth over the coming years and aims to successfully realize around 20 to 30 innovative ideas.

The push for youth empowerment and innovation in Libya comes at a crucial time when the nation is seeking avenues for economic development and social progress. Since the downfall of the Gaddafi regime in 2011, Libya has experienced political instability, conflicts, and an economic downturn.

Investment in the younger generation is widely seen as a critical pathway to build a sustainable future for the country. Many believe that empowering the youth is not only essential for individual growth but also serves as a catalyst for broader societal transformation.

The program stands as a promising endeavor in encouraging creativity, promoting entrepreneurship, and ultimately contributing to Libya’s economic recovery and long-term stability. This initiative is likely to set a precedent for other companies and organisations in Libya, demonstrating that investing in youth is investing in the nation’s future.