Smart ESA announces sending four Lebanese startups to Silicon Valley

The program is financed entirely by Smart ESA, the accelerator of the ESA Business School, and supported by the French Embassy and the Lebanese Central Bank.
by Annahar Staff

6 September 2019 | 00:00

Source: by Annahar

  • by Annahar Staff
  • Source: Annahar
  • Last update: 6 September 2019 | 00:00

(HO)

BEIRUT: Smart ESA will be sending four high-potential Lebanese entrepreneurs to Silicon Valley in the USA for a three months full-time acceleration program alongside leading corporates and investors.

The goal of this unique program is to provide these startups with a high-growth environment, where startups will get industry-specific mentorship, access to leading corporate firms and potential investments from Silicon Valley-based investors.

"This is a game-changer for our entrepreneurs," said Jihad Bitar, Smart ESA director of the opportunity afforded the startups in terms of training and mentorship.

The program is free for startups and requires no equity exchange. It is financed entirely by Smart ESA, the accelerator of the ESA Business School, and supported by the French Embassy and the Lebanese Central Bank.

The program is conducted in partnership with Plug and Play one of the leading corporate accelerators in the world. Smart ESA is the exclusive partner of Plug and Play in Lebanon.

The selected startups are:

Dawai: A health tech startup that has developed an App that allows users to get drug reminders but also, identify potential harmful drug-drug interactions and chat with pharmacists.

TrocCircle: A fin-tech accounting startup that allows companies to net their receivables and payables with other participating companies, thus reducing cash collection problems into one aggregated account.

Topotrade: a marketplace that allows companies to buy and sell used topographic equipment.

Floos: A fin-tech startup that provides e-commerce website with easy lending solutions to their visitors.

About Smart ESA

Smart ESA was launched in 2017 by ESA Business School. It is a startup incubator and accelerator open to students and non-students alike. It offers free programs for high-potential entrepreneurs. In two years, Smart ESA has worked with 65 startups and helped create 150 jobs in Lebanon. Smart ESA won the award for the best accelerator in Lebanon in 2018.

About Plug and Play

Plug and Play is a large-scale innovation platform and tech-ecosystem, bringing together the best startups and the worlds largest corporations. Plug and Play runs accelerators, enterprise innovation centers and an investment fund in more than 10 countries. Plug and Play has accelerated 2000+ startups, invested in 750+ companies that have raised more than $7bn. Corporate partners include PepsiCo, BNP Paribas, DHL, Nintendo, Carrefour, Pfizer and 220 of the leading corporate firms in the world.

The startups from ESA who will be going to Silicon Valley. 

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