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Entrepreneurship ecosystem in Lebanon

Touma, Walid R. ; Zein, Saad El

Communications of the ACM, 2021-04, Vol.64 (4), p.62-63

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Título:
Entrepreneurship ecosystem in Lebanon
Autor: Touma, Walid R. ; Zein, Saad El
Assuntos: Entrepreneurs ; Entrepreneurship ; Equity financing ; Loans ; Startups ; Venture capital
É parte de: Communications of the ACM, 2021-04, Vol.64 (4), p.62-63
Descrição: In Lebanon, and way before the arrival of seed money, venture capital, and other forms of equity support for start-ups and innovative ventures, the main source of support came from the SMEs bank loans guarantee programs provided by Kafalat. With successful platforms implemented by the Lebanese Central Bank through initiatives such as Kafalat, the entrepreneurship ecosystem started to take shape and flourish through universities in the early 2000s. Despite the challenges that Lebanon has faced over the past five years, several sucess stories materialized in its entrepreneurial ecosystem. Since 2015, UKTH/The Nucleus Ventures accelerated 100 start-ups, created 2,000 jobs, with 42 start-ups reaching the seed funding stage, 10 series A, four series B stages, and one successful entry in the online gaming space. Three current companies in the Nucleus Ventures portfolio have valuations above US$10 million, with Proximie valued at over US$30 million.
Editor: New York: Association for Computing Machinery
Idioma: Inglês

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