BEIRUT: Five Lebanese startups have been selected to take part in the 5th edition of the Silicon Valley Program, organized by MITEF with the support of IDAL.
This exciting opportunity will feature site visits to tech giants' HQ such as Google and Salesforce, training with renowned mentors, and participation at Techcrunch Disrupt SF, where startups will represent Lebanon at the MENA pavilion and get the chance to pitch before global investors.
“By supporting the Lebanese startups to take part in the Silicon Valley program, we are giving them the opportunity to learn and grow and to access the US market and scale globally,” said Nabil Itani, chairman and general manager at IDAL. “This sharing of knowledge between Silicon Valley and our rising entrepreneurs will surely lead to a borderless collaboration and will be an additional steppingstone to turning Lebanon into a regional tech hub.”
Hala Fadel, chairperson at MIT Enterprise Forum Pan Arab, had the following to say:"After 5 years of running our Silicon Valley Program for startups from the Arab region, we know how transformative this experience is for our entrepreneurs,” she commented. “This year, we have partnered with major stakeholders from the regional startup ecosystem, specifically with Tamkeen (Bahrain), Qatar Development Bank (QDB), and the support of MENACatalyst, to embed 21 MENA-based startups into the valley area and have them learn from what others around the world are doing.”
This year’s Lebanese startups are involved in a variety of industries, including edtech, fintech, and enterprise tech.
VBOUT is a marketing stack for small marketing teams, to help them optimize their lead generation and nurture process.
CloudSale is created to level the playground between trading tycoons and small businesses in the hospitality industry by digitizing the hospitality supplies purchasing experience. The startup also offers innovative payment and credit solutions via partnerships with affiliate banks.
Cherpa is an e-learning platform equipping youth with the skills needed for future jobs, from AI and automation, to cyber security and more.
Neotic.ai SAL develops state-of-the-art AI technology for analyzing financial markets' data. It is currently selling portfolio risk management tools to hedge funds in the EU and USA.
BeamBot is an intelligent video analytics platform that collects real-time video data and transforms it into actionable insights.
“As MITEF Pan Arab alumni, we get a lot of perks, benefits and connections,” cofounder of
Cherpa Basel Jalaleddine told Annahar. “And as a startup that’s just starting [to expand] outside of Lebanon where we have a few clients, it’s very exciting for us because this means we’re going into international markets and that this is very beneficial for us.”
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