This article is part of an Executive special report on entrepreneurship. Read more stories as they’re published here, or pick up November’s issue at newsstands in Lebanon. The plan to create a tech cluster in Lebanon is on the table. A 2012 report by Lebanese International Financial Executives (LIFE) detailed the barriers to creating a tech hub in Lebanon and solutions to overcome them. The report states that while there is no specific formula that has worked elsewhere, there are a series of steps that could be taken to create a favorable environment for startups. Their action plan includes improving the legal and regulatory environment, boosting the number of startups and creating a sustainable venture capital (VC) industry. “The hope was that this would in turn start a virtuous cycle with more startups, more investors, and so forth,” says the report. [pullquote]The idea of reproducing the successful model of
