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An outdated regulatory framework and aging infrastructure are among the key challenges facing entrepreneurs who struggle to hire talent in Lebanon and secure equity investments to expand to foreign markets.Sadi says Endeavor Lebanon helps entrepreneurs grow their businesses by delivering services through four key channels that comprise mentoring, partnerships, access to capital and networking.The 13 companies that have been selected as Endeavor entrepreneurs in Lebanon since the organization was established in 2011 currently employ around 1,100 individuals and generate $62 million in combined revenues, Sadi says.Through its network of partners including facilitators and incubators such as Bader, Berytech, AltCity, MIT Enterprise Forum and Lebanon for Entrepreneur, Endeavor helps entrepreneurs connect with regional decision-makers and Lebanese expatriates to expand their business abroad, Sadi says.
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