Speed startup accelerator launches its fifth group of trainees

During its three-year run, Speed has thus far graduated 27 startups that are in various stages of growth.
by TK Maloy-

15 November 2017 | 13:21

Source: by Annahar

  • by TK Maloy-
  • Source: Annahar
  • Last update: 15 November 2017 | 13:21

This photo shows Speed CEO Sami Abou Saab center, along with Speed colleagues and members (wearing orange buttons) of the business accelerator’s fifth training class of startups. (Speed/File Photo)

BEIRUT: Speed@BDD officially launched its fifth acceleration program Tuesday at the Beirut Digital District with an event that included trainee-phase companies, nearly 150 potential investors, and key senior startups in the local IT ecosystem.

Offering a representative cross-section of many startups enrolled in Beirut's various acceleration programs, Speed’s latest group of business trainees are working on solving problems in sectors such as FoodTech, Mobility, HealthTech, AdTech, and EdTech. 

Tuesday's event was part of the worldwide Global Entrepreneurship Week, which features numerous local activities.

Introducing themselves with short pitches to the assembled investors, the “Batch V” startups are the following seven evolving companies: 

Actachef is an online platform that offers users a variety of “delicious meals to satisfy local cravings and provides a healthier lifestyle.” Users will receive fresh ingredients with their favorite recipes in the form of a box to enjoy a full experience of acting as chefs. 

Cabbis is a cloud-based service offered to traditional taxi companies on a subscription model. It allows for a smooth transition from their current model to an Uber-like model and the potential for scaling up their business.

CraveHome is a platform that allows users to buy fresh homemade meals made by a network of home cooks and professional chefs, who are certified by CraveHome’s food safety program.

DrApp is a mobile application that allows online consultation between patients and their doctors through text, voice, and video, while creating a public healthcare rating system where patients can rate their experiences with doctors and hospitals based on online and real life interactions.

Spike is a smart diabetes online assistant that connects users’ insulin pens to their phones and makes their phones aware of their condition. Spike suggests food, makes sure the users remember and take their medicine, seamlessly logs data, and shares it with their doctors.

Tapklik is real-time advertising technology that helps businesses in the Middle East reach their target audience online through better targeting, access to local high-quality inventory, and proprietary machine learning algorithms to predict the right price to pay for clicks and impressions.

TeensWhoCode helps connect and train computer developers under the age of 18. Through an online platform, members learn new programming skills, share and collaborate on projects, find mentors, and find opportunities in the workplace.

The above members of the fifth acceleration cycle, will conclude their mentorship in January which will be followed by a Demo Day event around mid-February, that will once again feature these launch-stage startups formally pitching to hundreds of potential investors.

"In under three years, Speed has accelerated 27 startups, seven of which have raised $2.25 million in early stage funding and we also recently exited one of our investments at a solid return," said accelerator CEO Sami Abou Saab.

He added, "Also, eight of our collective group of startups have founders, such as myself, who came back to Lebanon from the Diaspora, and three of our startups have founders from purely international backgrounds. These numbers and more, demonstrate what is possible in Lebanon."

Speed@BDD is a Beirut-based tech business-training accelerator designed to create a community for top-notch startups in Lebanon. It accepts startups at the idea and early stages, and is tasked with producing the region’s next high-growth businesses, particularly in the software, digital, and Web/mobile industries.

The accelerator is a collaborative effort between such investment fund and entrepreneurship support organizations as Berytech Fund II, Middle East Venture Partners (MEVP), IM Capital, LFE, and Bader. 

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Global Entrepreneurship Week is a celebration of the innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare.  During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Lasting from Nov. 13-19, there will be up to 35 events in Beirut.

For a full list of happenings: http://gewlb.com/


 



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