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Initiatives to promote digital entrepreneurship, create jobs
19-1-2018
Within the framework of promoting digital initiatives, 10 investment funds, currently running USD 360 million, officially launched the Lebanese Venture Capital and Private Equity Association (LVCPEA) yesterday. The association which includes a number of active players in fund management in the country aims at exchanging ideas, developing administrative policies and creating a structure representative of the sector. On the occasion, LVCPEA president Maroon Chammas, said the goal of the association is to expand the knowledge-based economy, as well as, promote digital initiative to develop the national economic and increase employment prospects, anticipating the creation of close to 5 thousand jobs directly and another 25,000 jobs indirectly. Meanwhile, Touch, the leading mobile telecommunications and data operator in Lebanon, in partnership with ‘Teach for Lebanon’ (TFL) kicked off the e-touch educational program aimed at supporting underprivileged children in rural and remote areas. To recall, e-touch centers are already available at the Nader Association for Child offenders Rehabilitation in Deddeh, Kura and at Afaf el Tofl School in Marj, Beqaa. In a related vein, a number of ambitious young entrepreneurs from Lebanon concluded their participation in the 10-day intensive entrepreneurship training workshop at the Arab Innovation Academy (AIA) in Doha, Qatar. The course was organized by Qatar Science & Technology Park (QTSP), a member of the Qatar foundation Research and Development (QF R&D), in partnership with the European Innovation Academy. The first edition of this pioneering Pan-Arab entrepreneurship program provides an opportunity for more than 100 aspiring young college students and entrepreneurs from all parts of the Arab world, including 13 Lebanese students, to develop and live their technological startup experience. (Al Mustaqbal, Al Diyar, January 18 and 19, 2018)
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