Endeavor was featured in an article in the French-language daily newspaper, “L’Orient le Jour” based in Beirut, for its potential to improve Lebanon’s economy. According to Endeavor’s calculations, the country’s GDP could increase by 1% by creating 12,000 new start- ups, or supporting the growth of 100 small and medium enterprises (SMEs). Since the launch of Endeavor Lebanon in 2011, 10 entrepreneurs from 8 companies have been selected and connected to mentors and investors. These businesses span the fields of computer and internet companies to advertising and high-end interior design firms.
The Managing Director of Endeavor Lebanon, Tarek Sadi, speaks in the article about the promising progress thus far. Mr. Sadi warns that it will take time, but is confident that Lebanon will really see the great impact of Endeavor’s model in the next five to ten years.
Read the full article in French here.