Two Lebanese Startups Shine In A Major Competition In The MENA Region!

The startup ecosystem in Lebanon is thriving! In fact, the World Economic Forum and the International Finance Corporation shared a list this year called

100 Arab start-ups shaping the Fourth Industrial Revolution

 that includes

9 Lebanese startups

! This year, numerous startups took part in the Global Startup Movement Competition. The latter is a part of GITEX Future Stars 2017 which is the largest startup confluence of global tech entrepreneurs, international investors and influential corporate buyers in the MENA region.

[email protected]

, a Lebanese startup accelerator based in Beirut, devotes itself to seeing grand potentials in new business ideas. In fact, it has gathered 13 Lebanese-founded startups and organized a delegation to GITEX Future Stars 2017 in Dubai. The startups that took part in this competition were competing for prizes that are worth $180,000 in total. 200 startups from the MENA region have applied, and only 17 of them have made it to the finals. Two Lebanese startups that are the alumni of [email protected] were among the finalists, and one of them (Fig) made it to the semi-finals!

These are the Lebanese startups!

Modeo:

a new modular do-it-yourself furniture solution based on a mobile application enabling everyone to customize, visualize, and order interlocking modular parts that are very easy to assemble.

Title:

Best Disruptive Startup

Prize:

$15,000 in cash

Cherpa:

an online platform that teaches robotics and electronics to youth in a fun and interactive way. From building and coding projects to interacting with virtual missions, Cherpa is introducing a new dimension that reshapes the world of robotics.

Title:

Best Youth Startup

Prize:

$15,000 in cash

Fig:

a startup working on creating chatbots that integrate seamlessly into a user’s life by understanding him and learning his habits. This startup received an investor meeting opportunity. The Lebanese startup ecosystem proved once again that it has the potential to be a leader in the MENA region and eventually, be a competitor in the global market!