Lebanon's Thriving Tech Scene Attracts Investors Despite Economic Challenges
Despite facing economic difficulties since 2019, including a 90% currency devaluation and triple-digit inflation, Lebanon is home to a thriving tech scene, rapidly becoming a hub for startups and local talent outsourcing.
However, despite the country's potential, investors and venture capital firms have been slow to invest. To address this, 961, Lebanon's leading news source, has taken action. The platform has established a new investors' club, where funders can support Lebanese startups, contributing to reducing unemployment and stimulating the growth of a self-sustaining economy.
For just $50, investors can join an exclusive club, supporting verified and high-potential Lebanese founders, all from the comfort of their own country. This club offers various opportunities, including:
- Technology and Digitization: Innovations driving digital transformation
- Solving Everyday Problems: Practical solutions to improve daily life
- Proven Startups Seeking Growth: Established local businesses aiming to expand
- Companies Expanding Abroad: Enterprises preparing to enter new markets
- Global Expansion of Lebanese Concepts/Franchises: Scaling Lebanese brands worldwide
This concept would also be ideal for Tunisia, which has faced economic difficulties in recent years, albeit less extreme. It would be a valuable solution to reduce unemployment, particularly among highly educated women, who are disproportionately affected by this phenomenon.
By supporting Lebanese startups, investors can contribute to the country's economic growth and development, while also benefiting from the potential returns on their investment.
