Entrepreneurship articles

Lebanon needs fintech regulation to keep up with regional growth

Lebanon needs fintech regulation to keep up with regional growth

Lacking regulation or access to licensing, fintech in Lebanon proves challenging. While there are fintech-adjacent paths entrepreneurs can pursue, these require partnering with licensed entities, such as banks and financial institutions, which are limited in the number of partnerships they can undertake. Other countries in the region have opened up regulation and created regulatory testing

Houmal Technology Park

Houmal Technology Park (HTP) can be an example of tech manufacture and fruitful entrepreneurialism. Export orientation of tech companies can be realized independently from the Lebanese entrepreneurship ecosystem that relies on Circular 331. First-mover disadvantages of pioneering tech companies need to be compensated by state and municipal partners for creation of productive clusters. Risks pertaining

Technology and agriculture meet in Agrytech

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

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

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

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

StartechEUS to provide funds and mentorship

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

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