Completion of the LFE initiative: December 2017

LFE was launched in 2013 as a joint initiative of LIFE, LebNet (Silicon Valley) and SEAL (New York) to accelerate the development of Lebanon’s technology startup ecosystem.

We are happy to announce the completion of the LFE initiative, which has been successful beyond our expectations.

Since its launch, LFE has acted as a gateway for our diaspora network to engage with the local entrepreneurial community and has been able to mobilise hundreds of Lebanese technology and finance executives overseas to support the Lebanese startup ecosystem.

LFE’s success would not have been possible without the backing of its generous donors and without the invaluable support of LIFE, LebNet, SEAL and its 50+ partners on the ground in Lebanon.

MILESTONES:

  • Mobilised technology and finance executives from Lebnet and LIFE to engage with the local startup ecosystem
     
  • Mentored 15 promising Lebanese technology startups, helping five of them raise 7.68 million USD in funding and one secure two large banks as customers
     
  • Co-founded accelerator Speed@BDD, which is tasked with spawning 100 fast-growing technology startups within 5 years
     
  • Led the drafting of the Lebanese Private Equity Funds law and helped lobby for 12 other laws that are beneficial to the startup ecosystem in Lebanon
     
  • Provided the Prime Minister with an LFE-authored paper that outlines the status quo and the broadband and legal reforms needed to boost the startup ecosystem
     
  • Published, in collaboration with IDAL, a first-of-its-kind research paper about competitive technology subsectors in Lebanon
     
  • Forged partnerships with over 50 constituents of the local startup ecosystem
     
  • Organised a series of events overseas to encourage entrepreneurs in the diaspora to expand to Lebanon
     

CORPORATE DONORS:

 

 

 

 

 

 

INDIVIDUAL DONORS:

  • Naïm Abou Jaoudé
  • Thomas J. Barrack, Jr.
  • Fares Fares
  • Fadi Ghandour
  • Alexis Habib
  • Elie Habib
  • Nader Hariri
  • Salah Hawila
  • Habib Kairouz
  • François Khayat
  • Marc Malek
  • Paul Raphael
  • Samer Salty
  • Mario Saradar
  • Eddy Tabet
  • Ziad Tabet
  • Ford Tamer
  • Rudolph-Riad Younes
  • Anwar Zakkour