Entrepreneurship: source of job creation

Posted on April 17, 2018

Berytech at USJ Connect 2018Berytech participates in USJ Connect job fair

 

Members of the Berytech team spoke with several students and alumni during the USJ Connect Job Fair, held at Innovation and Sport Campus about turning their innovative ideas into successful business, and about how entrepreneurship creates job opportunities.

 

In the entrepreneurship pavilion – part of the university’s global vision to encourage students to undertaking their own projects, Berytech and several different starts and SMEs in the Berytech Community, had stands where over the course of two days, young entrepreneurs and startups looking for new development opportunities whether financial agreements, new partners or even employees, had a chance to network.

 

Berytech at USJ Connect 2018 2

Lebanon has been experiencing a tremendous increase in entrepreneurship for the past years, which ultimately has been leading to direct and indirect job creation. Boosted by the injection of money in the Knowledge Economy sector by the Central Bank through Circular 331, other fund sources have come in from both private and governmental sources such US Aid, The British Government and more. This influx and variety of funding has allowed the ecosystem to thrive with companies from all sectors and all cities opening shop and creating jobs and even resulting in impacting the economy through indirect job creations and supply purchasing.

 

USJ is among the top 500 World universities and ranks 12th in the Arab World (QS World University Rankings, 2018). In 2002, visionaries at the university in partnership with several Lebanese banks who are today shareholders, decided to establish Berytech as the first technology pole in Lebanon and the region that provides a conductive environment for the creation and development of Lebanese startups and SMEs. Since then, Berytech has helped create over 1600 new jobs through supporting more than 3000 entrepreneurs.