Start Up Lebanon entrepreneurs head to Silicon Valley Roadshow
The Start Up Lebanon-Silicon Valley roadshow follows a successful event in New York last year. (Facebook)
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U.S. Ambassador to Lebanon Elizabeth Richard announced Wednesday American sponsorship of the Start Up Lebanon-Silicon Valley Roadshow. “I am very proud of our support to the Start Up Lebanon-Silicon Valley Roadshow. Through USAID’s $15 million Middle East and North Africa Investment Initiative project, we are directly funding several entrepreneurs’ participation in the roadshow,” Richard told participants in the Start Up Lebanon-Silicon Valley Roadshow, which was held at the Phoenicia Hotel.
The roadshow was initiated by the American Lebanese Chamber of Commerce to encourage companies to invest in Lebanese startups.
“These entrepreneurs were specifically selected for their innovative ideas and the growth potential of their startup businesses. Reading over the proposals submitted by these entrepreneurs, I was extremely impressed,” the ambassador said. “This exciting initiative follows last year’s excellent startup event in New York City, and Caravan Beirut earlier this year in Washington, D.C. It will once again send a talented Lebanese delegation of startup entrepreneurs and investors to the United States.”
The second Start Up Lebanon event is scheduled for Sept. 12-17, and will be in the form of a roadshow all around Silicon Valley, according to the organizers.
“The meetings and engagements that this delegation will have in what many call the global capital of entrepreneurship will offer them a chance to trade ideas with industry leaders, as well as an opportunity to showcase their products and innovations. As we Americans like to say, it’s a win-win situation,” Richard said.
The roadshow will focus on a software platform that helps businesses analyze customer behavior patterns to boost sales, a mobile platform that instantly links students to tutors based on individual needs and a user-friendly budgeting and expense-tracking tool that empowers nonprofit organizations and startups to take control of their organizations’ financial goals.
“I think many Lebanese are aware of the high level of security assistance that we are proud to provide to Lebanon’s Army and security services. But stability in Lebanon is not just about the military. America also seeks to advance a healthy, stable society here through economic development,” Richard said.
Salim Zeenni, chairman of the American Lebanese Chamber of Commerce, pinned high hopes on the roadshow. “After the success of last year’s New York City Startup Lebanon event, we decided to take it a step further this year and hit the source: Silicon Valley, the home of tech giants, unicorns and startup dreams,” he said.
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