Constraints and Opportunities for Innovation and Entrepreneurship in Lebanon

Opportunities lay in people who are not willing to leave the country who are shifting to entrepreneurship for different reasons.

Fast Forward 2030 Lebanon is a network and collaborative platform for businesses in Lebanon that incorporate the UN Sustainable Development Goals (SDGs) into their business models and use entrepreneurship to solve some of the country’s biggest problems. 

Joanna Jurdy interviewed Berytech’s Deputy GM Ramy Boujawdeh for the Fast Forward podcast, to talk about the challenges and opportunities that entrepreneurs in Lebanon are presented with. Ramy has played a leading role in Berytech since 2014 in developing the startup ecosystem in Lebanon, supporting businesses that flourished in Lebanon and expanded in the MENA region. 

Ramy spoke of his motivation to engage in cultivating the startup ecosystem in Lebanon and the most rewarding moments during his experience cultivating startups. He elaborated on how circular economy is core for the future of this planet and how looking at circular economy in Lebanon is essential to become a bit more resilient to the crisis.  

On the biggest constraints facing startups in Lebanon today and their biggest opportunities, Ramy discussed funding constraints in addition to economic and political uncertainties. While opportunities lay in people who are not willing to leave the country who are shifting to entrepreneurship for different reasons.  

Listen to the podcast as Ramy talks more about government influence on startups, challenges in implementing SDGs, and shares his advice to upcoming entrepreneurs.

Picture of Nagham Barakat

Nagham Barakat

Nagham Barakat joined the Berytech team in July 2021 as a Communication & Outreach Coordinator. She has an extensive 7 years experience in corporate events planning within the healthcare field working in Lebanon, Saudi Arabia and the UAE with leading medical devices manufacturers. Nagham is an enthusiastic high-energy professional with an eye for detail. She enjoys outdoor jogging and loves spending quality time with her family.

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