2/14/2023 0 Comments Turmoil within the aub![]() ![]() This emigration problem shows no signs of fading as recent graduates and young professionals choose to kickstart their careers abroad, away from local government instability and regional tension. Lebanon is home to 5 million Lebanese, whilst the rest of the world shares a diaspora of 12 million. This being said, Lebanese migration patterns threaten the longevity of such a blossoming startup scene. ![]() Add to that the establishment of boot-camps, incubators and accelerators and Lebanon might as well be the Silicon Valley of the Middle East. ![]() One year later, Banque du Liban launched Circular 331with 400 million USD to be invested in the knowledge economy – a boost worth 1% of Lebanon GDP. ![]() In 2013, large funding came to the fore, such as the Berytech fund(30 million USD) and Middle East Venture Partners (MEVP) (50 million USD). By 2014, the tech sector clocked in considerable growth. The first batch of Lebanese startups made their appearance between 20. Whilst Lebanon often makes the headlines when it is rocked by political instability or shaken by an environmental crisis, it is bound to surprise you especially when it comes to the resilience and optimism of its citizens, who make Lebanon a tech-savvy hub for entrepreneurial startups. ![]()
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