This week is Global Entrepreneurship Week in Lebanon, and on Thursday November 20 and Friday November 21, 2014 Banque du Liban is hosting Lebanon’s first international startup conference for Lebanese entrepreneurs: Banque du Liban Accelerate 2014 at Forum de Beyrouth.
In December 2013 in a bid to boost the Lebanese economy, the Lebanese bank Banque du Liban launched the ground-breaking Intermediate Circular 331 in Lebanon at the Banque du Liban Startup Workshop. It stated that around $400 million of equity financing (75% of which is guaranteed by the Lebanese Central Bank) would be provided by Lebanese banks to Lebanese startups, venture capitals, incubators and accelerators working in Lebanon who can prove that they are in some way contributing to the nation’s knowledge economy.
To celebrate the 1 year anniversary of the Circular, Banque du Liban Accelerate 2014 will bring together over 50 international speakers, including top entrepreneurs, investors, and knowledge-economy stakeholders, and 1000 select delegates to outline Blueprints for Success and to lay the foundation for establishing Lebanon as a premier international startup hub to match London, Berlin, Singapore, Toronto, Santiago, and Moscow.
The main conference agenda will involve keynote addresses, workshops, panels, and fireside chats with leading names in today’s international startup scene, including veteran VCs from Silicon Valley and New York and seasoned entrepreneurs from London, Berlin, and Paris.
In addition, 2 other threads to the conference will be held in the Startup Square and the Ecosystem Plaza. These will be running in parallel and will provide attendees with the opportunity to benefit from a wide range of Lebanese and international know-how. The Startup Square will also be the scene for the Lebanese leg of the Seedstars World Startup Competition. This international competition ties in with Banque du Liban Circular 331 and will be the arena for 50 Lebanese startups who will pitch their bid for a place in the Seedstarts Final in Geneva, Switzerland to win $500, 000 investment. The Banque du Liban Accelerate 2014 Ecosystem Plaza will provide key investors and stakeholders with a powerful platform to deliver valuable startup support activities, and relevant investment opportunities to a high caliber international audience.
All in all, this promises to be an inspiring and highly productive event, with the potential to kick-start a new wave of entrepreneurship here in Lebanon.
For more information on business loans for entrepreneurs in Lebanon, visit http://www.bnooki.com