Innovation is everywhere - Startups from Lebanon (2014)


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Lebanon is not known as a hub for innovation, but, hey, a country with such a reputation for trade and a diaspora 4 times the size of the homeland can't be bad at finding new ideas.

If Lebanon is definitely not an easy country, it's a great hub for the Levant countries, with the top web conference of the region (Arabnet), a recent law that gave the Central Bank $400m (1% of their GDP) to invest in startups, and quite a few success stories, from Anghami, the Spotify for Arabic music, to Instabeat swimming goggles.

In this review, we explain where the innovative spirit of Lebanese people come from, what are the startups and key people to know there, and their strengths and weaknesses.

Read more about us as we roam the world to explore the emerging markets startups scenes, from Iran to Chile, from China to Nigeria.

Reach us at: martin@innovationiseverywhere

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Innovation is everywhere - Startups from Lebanon (2014)

  1. 1. Startups from Lebanon Following the Arabnet Conference in Beirut March 2014
  2. 2. #1 – Instabeat, the smart swimming goggles • Connected swimming goggles to scan motion & heart rate • Indiegogo $50k+ campaign, $100k seed-funding and undisclosed series A in Jan. 2014 • Founder Hind Hobeika is a former swimmer
  3. 3. #2 – Anghami, the Spotify of the Middle-East • A streaming music service with almost exclusive access to MENA region music labels, serving clients there + diaspora • Partners with major labels (EMI, Sony, Universal) and telcos, known funding of $1.25M • 3.4M users, 100K paid-for
  4. 4. #3 – Shahiya, the Arabic world cooking platform • A cooking platform online with 5K+ recipes and 1.3M unique visitors each month, mostly from Saudi Arabia • $500k in funding in 2013
  5. 5. #4 – Cedar Books, a source of books for Amazon • Sourcing books in the Arabic world and beyond for Amazon and other retailers. 1.5M books sold. • Founded in 2009, $20M revenues in 2013 mostly in the US
  6. 6. #5 – Lamsa World, edutainment content in Arabic • A platform for Arabic digital edutainment content for children • $500k series A in 2014
  7. 7. #6 – Shawarmanji, the shawarma fast food chain • 8 outlets in Lebanon and UAE • $400k funded by MEVP in 2013
  8. 8. Our project An exploration of innovation ecosystems across the world
  9. 9. Innovation has no place in a global world, it’s everywhere Innovation ecosystems can learn from one another Local context matters and should be a source for innovators This is why… We’re on a world tour of innovation ecosystems! We believe…
  10. 10. Martin Pasquier Entrepreneur in Singapore (social media agency), long- time traveller Mixes economics, politics and travels to analyze ecosystems, reports on innovation About our team Analysis, community & network Anne Lalou CEO of Innovation Factory & Web School Factory in Paris Transfer knowledge of ecosystems to new generation and to a network of top French companies Nicolas Loubet Serial entrepreneur in Paris with 3 companies, growth hacker Manages and nurtures creative communities on & offline
  11. 11. A world tour of innovation: 2013-2014 SUPPORT US! Travel & time of exploration isn’t free  Custom reports on emerging markets & trends Workshops, talks on innovation trends Connection to key local players for VCs, brands, tech communities
  12. 12. Thanks! Martin Pasquier, for Innovation is Everywhere