Successful local companies for Phase II of International Business Accelerator Program

The UK Lebanon Tech Hub announced during a ceremony yesterday at the Lebanese Central Bank the list of selected startup companies to go global by joining the 6-month Phase II of the International Accelerator Program, IAP, in London. The above program has hosted 45 enterprises from Lebanon’s leading entrepreneurs for a period of 4 months in the first phase where they were provided with financing sources, expertise, as well as opportunities to meet international businesspersons and get top-notch guiding instructions.  On this occasion, Banque Du Liban Governor Riad Salameh underlined the bank’s support for all efforts by IAP, stressing the importance of those types of investments in startups. For his part, the Tech Hub’s General Director stated that this participation is not without challenges especially that Lebanese companies will have to face prominent global institutions in the field of technology and have to have innovative ideas, as he put it. (L’Orient Le Jour, Daily Star, October 9, 2015)