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The other Arab Spring - entrepreneurship

Written by Ashwin Rattan Saturday, 11 August 2012 17:56
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THE excitement in the colourful offices of Seeqnce, a business incubator in Beirut, is palpable.

 

In one room disembodied entrepreneurs pitch their ideas over Skype to a three-judge panel. In another Fadi Bizri, one of Seeqnce’s founders, scrawls business plans on a wipeable desk. So far Mr Bizri and his colleagues have considered 433 applications in their hunt for eight winning teams that will spend six months in the incubator creating internet and mobile companies.

 

Seeqnce is part of another Arab spring. Incubators are trying to do for Cairo (Flat6Labs) and Jordan (Oasis500) what Seeqnce is doing for Beirut. Private-equity firms such as Abraaj Capital and Citadel Capital are investing in high-growth companies.

 

ArabNet helps techies to network...

 

To read the full article on The Economist's site, click here

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