Entrepreneurship articles

Executive Magazine’s September/October issue

Executive Magazine’s September/October issue

Reading Time: < 1 minute Dear stakeholders in Lebanon’s return, dear friends with discerning minds, and all readers of Executive, We are proud to present you with the best-ever socioeconomic issue of Executive Magazine at this decisive moment for our country’s social and economic development. Our September – October 2020 issue is available to read online or for download and

Toward building a more inclusive and resilient ecosystem

Reading Time: 3 minutes It is a time when Lebanon is constricted in boundaries like perhaps never before. Its physical land boundaries have long been—as once again recently demonstrated—marked by the contradiction of being repressively impermeable and permanently under threats, and at the same time too permeable and uncertain to offer the full protection of a territorial demarcation. Long

Signs of positive disruptions in the Lebanese tech ecosytem

Reading Time: 16 minutes Moving counter-cyclically to conventional business wisdom and exhibiting disregard for old boundaries are attributes of enterprising minds, of those daring people who start pursuing an economic opportunity without regard for the current resources at their disposal. In the case of Lebanon in 2020, one could add that these have to be enterprising minds without regard

Executive Magazine’s July/August issue

Reading Time: 2 minutes It has been just over two weeks since the deadly Beirut Port explosion that killed at least 180, injured over 6,000, and left over a hundred thousand without homes. The impacts of this horrific event are still unfolding. The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) Lebanon’s most recent sit rep on

Q&A with Smart ESA’s Jihad Bitar on upcoming hackathon and future plans for the accelerator

Reading Time: 8 minutes The middle of 2020 is seeing three virtual hackathons—the first that are being staged in Lebanon in the space of just two weeks, from June 27 until July 10. Organized by the MIT Lebanon challenge, the American University of Beirut, and the Smart ESA accelerator at the Ecole Superieure des Affaires, all three separate hackathons

Teams in MIT hackathon give Lebanon’s virtual salvation their best try

Reading Time: 6 minutes The only things that are growing fast are bouts of desperation and the holes in people’s pockets. At least that’s the popular impression of the Lebanese crisis, one that can locally be reinforced by a trip to any supermarket and that has in recent weeks further been exacerbated by superficial and repetitive international media reporting.

Going virtual to survive Lebanon’s financial crisis

Reading Time: 3 minutes IN BRIEF The virtual working model benefits employers and employees. It has the potential to foster decentralized economic growth. It can be a shield for businesses in times of crisis. The political crisis in Lebanon has compounded an economic crisis that has been looming in the shadows for decades. News of business closures, salary reductions,

How Lebanese entrepreneurs can survive the liquidity crisis

Reading Time: 5 minutes IN BRIEF The liquidity crisis requires immediate attention and will likely result in an IMF program, with consequences for poorer Lebanese. In the short term, an IMF-backed loan program would need to create a specialized fund to promote the local private sector and entrepreneurship. In the long term, the government needs to foster relationships between

Hard new looks at the tech ecosystem and its entrepreneurial future

Reading Time: 7 minutes Before the October 2019 uprising, it was not difficult to list unresolved questions and some outright disappointments with the way that the Lebanese entrepreneurship ecosystem had been shaped in the past six years since Lebanon’s central bank, Banque du Liban (BDL), effectively launched it with publication of its Circular 331. In mid-November, amid the uprising,

Lessons from the American entrepreneurship ecosystem

Reading Time: 3 minutes Fostering a supportive culture is key for entrepreneurship. The government needs to create policies that enable entrepreneurship, such as tax incentives and intellectual property rights. Universities in Lebanon need to include real-world, hands-on engagement within entrepreneurship programs. With the current hardships and challenges Lebanon is encountering, the government needs to look to new ways to

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