Entrepreneurship articles

Technology and agriculture meet in Agrytech

Technology and agriculture meet in Agrytech

Reading Time: 8 minutes There is a need for innovation and R&D in the agro-industry sector in Lebanon and the region. Agrytech, a program by Berytech focusing on innovations in agriculture, was created to address this need. It has four major pillars including an accelerator program and an agri-food innovation cluster. Agrytech was promoted to university students and graduates

Entrepreneurship in times of systemic change

Reading Time: 9 minutes October 2019 events have hallmarks of systemic shocks. Risks are unfathomable and early economic impact evaluations are necessarily inadequate. The future may depend on extraordinary courage, discipline, and daring visions. Entrepreneurship has the potential to be a key ingredient in building national prosperity. These are times when a discussion of entrepreneurship—Executive’s traditional focus in the

VCs call for more updates to regulations and legislation to attract foreign investment

Reading Time: 4 minutes It has been six years since Banque du Liban (BDL), Lebanon’s central bank, announced Circular 331, designed to boost investment in the knowledge economy. Now entrepreneurs seeking seed-stage funding, and those operating VC funds in the country tell Executive that while more capital is available for startups seeking follow-on funding, seed or early stage funding

Lebanese edtech startups carve a place alongside traditional teaching

Reading Time: 9 minutes Lebanese startups focusing on education technology (edtech) have tapped into the idea that as education changes, they have a role to play in preparing the next generation for the 21st century workplace. Educators seeking to prepare children for the jobs of the future, those that rely more on coding, robotics, AI, and programming—and depend less

Shared mobility apps provide more options, but may fuel congestion

Reading Time: 6 minutes Beirut suffers from heavy congestion and a lack of proper public transportation that causes commuters to be stuck in traffic for long periods of time and fuels CO2 emissions. The likes of shared mobility apps like Carpolo, Loop, and Careem give some Lebanese residents more options for getting around while seeking to reduce congestion and

StartechEUS to provide funds and mentorship

Reading Time: 6 minutes Fintech—financial technology— is a buzzword in the entrepreneurship sphere and a fast-growing segment of the financial services industry globally and in the MENA region. In 2018, the fintech sector saw $36.6 billion invested worldwide, a 329 percent increase over a five-year period, according to UK-based non-profit Innovative Finance. Lebanon is no exception—in 2015 the country

Lebanon’s long-awaited 2019 budget

Reading Time: 3 minutes A sobering reality emerges in the shadow of the long-awaited 2019 budget, declared by Prime Minister Saad Hariri as the most austere in Lebanon’s history. As a stop-gap fiscal rescue package, it falls short of the transformational budget, based on a grand national vision for debt reduction and upgrading of critical infrastructure that is sorely

Focusing on scale-ups in Lebanon

Reading Time: 4 minutes Scale-ups—startups with success and growth potential—can help economies more than other types of SMEs, and providing them with the right kind of support to succeed would take comparatively little effort but garner a large impact, according to a joint 2018 report by global consultancy firm Strategy& and entrepreneurship non-profit Endeavor, which was revealed at an

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