The start-up scene in Lebanon is thriving quickly and Beirut is
becoming the Middle East's tech hub.
Lebanon has all the key elements needed to achieve such results:
an ambitious entrepreneurial culture, highly educated population, a
number of incubators and accelerators, venture capitals and a
favourable government policy.
In August 2014 Banque du Liban (BDL) introduced Circular 331
with the aim of injecting 400 million dollars into the Lebanese
entrepreneurship ecosystem. The main objective of circular 331 was
to encourage banks to invest in start-ups, incubators and
accelerators. 75% of these investments is guaranteed by BDL.
Evidently, Circular 331 has boosted the Lebanese start-up scene,
as there is rise in the number of start-ups, accelerators, venture
capital firms etc. According to Arabnet's Business Intelligence
Investment Report, in 2017, 58 tech start-ups were established with
a total funding value reaching USD 53 million, which is a more than
a
