Lebanese success stories are Denmark Phone Number List and do not date from today! Let us quote for example Murex, multinational leader in the field of software for market finance, founded in 1986 by the Lebanese entrepreneur Salim Eddé. In the same vein, Jacques Saade founder of the group CMA CGM became the 3 rd World owner in the early 80s, when Lebanon was in civil war. More recently, we can cite successful startups like Myki (innovative cyber security solutions), FabricAid (social startup that collects, sorts and distributes second-hand clothes), Anghami (online music platform, leader in the Arab world ), eTobb (medtech platform for doctors and patients), etc. Entrepreneurship is on the rise in Lebanon. I had the

chance to meet Nour Fakhoury, co-founder and CTO of Webneoo, a digital agency based in Beirut. Nour and his partner Michel Achkar are friends and entrepreneurs; they created Webneoo 7 years ago already, and do not intend to stop there! They did it again in early 2019 by creating their 2 nd company, Xilia, an online platform for connecting digital agencies with their clients, which was selected among hundreds of other start-ups to participate in the Speed ​​Accelerator program. , with in particular a training program which will take place in San Francisco in Silicon Valley this fall. Nour and Michel, founders of Webneoo and Xilia A

An Entrepreneurial Spirit Rooted In

culture of risk taking, an open and opportunistic market, qualified resources: the key elements to create a startup nation? There are many reasons for the rise of entrepreneurship in Lebanon. For Nour, there is already the administrative aspect to take into account: “it is quite simple to create a box in Lebanon, from an administrative, financial and logistical point of view (unlike France for example)”. In this case, the Lebanese government has started to put in place measures facilitating the development of businesses (low tax rates, infrastructure development, weak regulation of foreign investments, etc.), in particular in new technologies. with the implementation of circular 331 since 2013 allowing banks to invest more easily and with less risk in


knowledge-based economy companies. Incubators and accelerators have developed strongly over the past 5 years. Also, Lebanese culture is marked by an international, commercial and entrepreneurial mentality. A natural risk-taking among the Lebanese, having lived more than 25 years of civil war, not knowing what tomorrow will bring, it is easier to embark on entrepreneurship without fear of failure, all relative in relation to at the risk of war. We can also mention the young population, highly qualified and competitive on the job market, having mostly completed a university course abroad; an open-mindedness necessary for the

A Culture Of Risk Taking, An Open

creation of a business. Nour testifies to the beginnings of Webneoo: “I am a telecom engineer by training. Michel is also trained as an engineer, he studied in France and returned to Lebanon to finish his master’s degree. That’s when we decided to create our start-up. It was not out of necessity, nor out of vocation, but quite simply out of opportunity. Michel launched the idea, I followed him! We started with a website project that took us several months for $ 50. It was a challenging project, on a subject that we did not master, it did

not bring us a lot of money but we learned a lot. This is how entrepreneurship works: learn and move forward. ” Finally, the booming Lebanese market is favorable to business creation and offers opportunities: extensive liberalism, a sophisticated banking system, the privatization of a set of public enterprises, modernization needs, natural resources ( oil and gas) favoring investment, etc. Nour and Michel, for their part, surfed the internet wave: “The internet explosion is recent in Lebanon: 7 years ago when we created Webneoo, internet packages were very expensive and bandwidth low. Since then, measures have been

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