Under the agreement, the Fund will invest up to $300,000 in Active Identity to support its projects.

The two parties were introduced to each other at the Investor-Project Matching sessions organized by InfoPro - Business Development Services during the latest “Business Opportunities in Lebanon” conference held in October.

The Berytech Fund is a start up fund that invests capitals in early growth local firms which operate in the information technology sector in exchange for equity ownership.

It has assets of $6 million under management.