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Tech start-up ecosystem in Beirut : findings and recommendations (English)

Technology is one of the main drivers of productivity and economic growth. Developing countries have traditionally had difficulties in both developing technology and absorbing foreign technology. However, the recent emergence of tech startups present an opportunity. Tech start-ups are an effective a mechanism to both create local technology and absorb foreign technology. The objective of this report is to provide a better understanding of the status of Beirut’s start-up ecosystem and provide policy recommendations for policy makers and other stakeholders who are interested in supporting the growth and sustainability of the ecosystem. The report is based on an in-depth survey of startups and supportive stakeholders of the ecosystem. The findings point out to an early-to middle stage start-up ecosystem that has passed its nascent growth phase but is still far from maturity. Skills, supportive infrastructure, finance pipeline, and community and networks are examined and gaps are identified. Policy recommendations to tackle these gaps are presented based on international practices.

Details

  • Author

    Mulas,Victor, Qian, Kathy, Henry,Stanley Scott

  • Document Date

    2017/09/08

  • Document Type

    Working Paper

  • Report Number

    119654

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Lebanon,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2017/09/08

  • Disclosure Status

    Disclosed

  • Doc Name

    Tech start-up ecosystem in Beirut : findings and recommendations

  • Keywords

    collaboration community;small and medium enterprise;early stage of development;access to fund;early stage finance;fund investment;skill training programs;access to finance;private sector funding;early stage investment;access to investors;flow of knowledge;access to loan;Early Stage Funding;society in general;availability of data;density of connections;availability of fund;terms of education;business acumen;support infrastructure;ecosystem support;angel investor;international connections;business experience;work experience;start-up venture;international hub;public education;educated population;comparable data;professional experience;investment market;institutional investor;historical data;survivorship bias;significant factor;public action;international connectivity;government action;foreign technology;university degree;Public-Private Partnership;knowledge dissemination;local partner;support for entrepreneur;investment amount;venture partner;collaborative work;application process;knowledge spillover;equity financing;continuous consultation;domestic industry;broad stakeholder;smart money;survey respondent;representative sample;lead partner;supportive infrastructure;reference point;administrative support;external resource;seed funding;positive impact;market rate;business skill;global trend;business degree;sustainable business;future investment;diaspora network;physical infrastructure;anecdotal evidence;average age;educational level;high school;industry knowledge;community building;graduate degree;fab labs;private investment;internal dynamic;gap analysis;inaccurate information;financial model;research purposes;business venture;technological component;multiple dimension;personal capacity;quality training;practical knowledge;business environment;public offering;metropolitan area;supporting technology;community value;productivity gap;local technology;global technology;subject area;resource flow;gender distribution;global network;transient populations;credit line;Job Creation;venture funding;qualified personnel;increased access;program impact;demand-side factor;network asset;international fairs;transfer mechanism;continuous change;access network;private fund;local economy;research initiative;entrepreneurial skill;

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Citation

Mulas,Victor Qian, Kathy Henry,Stanley Scott

Tech start-up ecosystem in Beirut : findings and recommendations (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/702081504876957236/Tech-start-up-ecosystem-in-Beirut-findings-and-recommendations