“Last week a new $71 million MENA-focused VC fund was announced by Leap Ventures, based out of Beirut. And the Lebanon Central Bank ‘Circular 331’ initiative promises to put up to $400 million into the local startup economy. In addition, this year, the UK government is supporting a scheme to bring Lebanese startups to the UK and to the attention of London-based investors. Furthermore, late last year the country saw the launch of its very own Disrupt-style startup-focused conference.”
Source: Beirut’s Bright Future As A Tech Hub For MENA, If Its Politicians Will Allow It | TechCrunch
