Entrepreneurship articles

Signs of positive disruptions in the Lebanese tech ecosytem

Signs of positive disruptions in the Lebanese tech ecosytem

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

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

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

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.

Hard new looks at the tech ecosystem and its entrepreneurial future

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

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

Lebanese entrepreneurship requires a robust regulatory framework

Regulation is key for the success of entrepreneurship initiatives. Tax breaks, a regulatory sandbox, and access to finance will aid investment in small and early stage startups in Lebanon. The Banking Control Commission of Lebanon could play a pivotal role in kick-starting the fintech sector through a regulatory sandbox. The High-Level Lebanon-UK Tech Forum, held

New programs offer business, financial help to entrepreneurs

New accelerator, incubator, and grant programs for startups demonstrate a nichificiation of the ecosystem. Many entrepreneurs rely on these programs for financial support and in-kind services, such as office space and mentorship, to develop their young businesses. The ecosystem still has gaps that will need to be addressed to develop further. Since 2013, and the

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