In 2012, LIFE’s Promote Committee commissioned a study to explore the reasons preventing the rise of a well-functioning technology industry ecosystem in Lebanon, and to come up with an action plan to enable and support this ecosystem. The study proposed a three-prong action plan over the next five to ten years, centred around improving the policy environment, stimulating start-up formation, and seeding a sustainable venture capital industry. 

For the initial study, please click here

In 2013, LIFE, in collaboration with Lebnet in Silicon Valley and SEAL in New York, launched the LFE initiative to accelerate the development of Lebanon’s technology start-up ecosystem by executing the action plan proposed in the 2012 study.

Testimonials from Entrepreneurs

  • Hind Hobeika
    INSTABEAT

    Instabeat is a heads-up display that mounts on swimming goggles and displays instant heart rate feedback for a swimmer to reach her training goals. Hind – a mechanical engineer and varsity swimmer – founded Instabeat when she was only 23, out of a need to monitor her heart rate and optimize her swimming workout.

    I was introduced through LFE to Lebnet member Ford Tamer, who is my best and most valuable advisor to date. LFE also helped me manage the relationship with Lebnet after I was accepted into the Lebnet Mentorship Program in Silicon Valley. Last but not least, LFE assisted me in looking for business angel funding for my $900K bridge round, which I closed in September 2014

  • Tarek Fadel
    FADEL

    FADEL is a New York- and Beirut-based company that provides enterprise-class Intellectual Property rights and royalty management software for a variety of industries including media, entertainment, publishing and high tech.

    LFE was extremely instrumental and helpful in assisting FADEL in its capital raising process. LFE brokered the right introductions with our Lebanon-based VC, and helped bridge the differences between us and our VC several times as the details of the term sheet were being discussed. In addition LFE has been key to getting us introduced to Lebnet executives in Silicon Valley, and we have had several business opportunities develop out of these connections in a very short time

For further information, please visit the LFE website on the following link