CMA participates in American Lebanese Chamber of Commerce delegation to Silicon Valley

September 1, 2016

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After the success of the “Start-Up Lebanon” conference in New York 2015, the American Lebanese Chamber of Commerce and Startup Megaphone organized Lebanon’s first startup Roadshow to Silicon Valley that included a representative delegation of ecosystem stakeholders from Lebanon to meet, network, and connect with industry leaders in California on the 12th of September 2016.

Representing the Capital Markets Authority in the delegation was Executive Board Member Mr. Firas Safieddine, and Director of Research and Communications Mr. Tarek Zebian. As a major stakeholder in the growing knowledge economy, the CMA will be providing an Electronic Trading Platform (ETP) that will aim to ensure a favorable business framework for startups and SMEs benefiting from Banque Du Liban Circular 331 funding that has thus far been the engine behind the tech scene revolution in Lebanon. The ETP, to be launched in 2017, will ensure that entrepreneurs, founders and investors in Circular 331 funded companies would have an accessible and liquid market with favorable requirements for IPO offerings in order to exit their positions invested in startup companies whenever they consider suitable to do so.

Remarking on the visit to Silicon Valley, Mr. Zebian noted that “meeting with industry professionals in Silicon Valley is an eye opener to what a successful ecosystem looks like, and I believe Lebanon after circular 331, and the surge in innovation focused institutions shall prosper given the many competitive advantages it holds over peers in the region. It was a delight to know that the likes of Google, Facebook, and other international players have Lebanese situated in strategic positions, this will definitely help in enriching our ecosystem with time”.

Closing the trip, the American Lebanese Chamber of Commerce Chairman Mr. Salim Zeenni hosted on behalf of the AmCham on Friday the 16th of September, a VIP Gala Dinner & Conference at the Four Seasons Hotel in San Francisco, bringing together 150 change-makers from Silicon Valley and Lebanon altogether in one room, looking to support Lebanon in its mission to establish a global presence in the knowledge economy.

The Lebanese delegation to the world’s tech capital included in addition to the Capital Markets Authority, the Embassy of the United States in Lebanon, the American Lebanese Chamber of Commerce, Startup Megaphone, Berytech, Leap Ventures, MEVP, Phoenician Funds, Kafalat, UK Lebanon Tech Hub, the Lebanese Broadcast Corporation International (LBCI), MTV, Pepsi Lebanon, Firehorse, Salhab Partners Law Firm, and White Lab.

For more information on the Lebanese delegation at the Silicon Valley trip, please press here.