Tech Start-up Ecosystem in Beirut : Findings and Recommendations
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 prese...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/702081504876957236/Tech-start-up-ecosystem-in-Beirut-findings-and-recommendations http://hdl.handle.net/10986/28458 |
| Summary: | 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. |
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