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On a recent trip to Lebanon to speak at the BDL Accelerate 2016 conference, I met many entrepreneurs from impressive startups and executives from large companies who are building businesses in the region.First, Lebanon has made great progress in establishing a foundation for businesses to flourish since the last time I visited in 1998, including new buildings and business districts. The Central Bank of Lebanon has also introduced new rules to allow financial institutions to both invest more of their capital in startups and to cover the costs of incubators to help give birth to new businesses.Lebanon can also take advantage of its last mover status by adopting the absolute best practices and potentially creating the best connectivity in the world. Let's aim for an affordable 20 Mbps within 6 months across Lebanon and minimally 100 Mbps for every business. New businesses have to cut through too much costly red tape in Lebanon to get started.As Lebanon moves forward, it can learn a lot from countries that lead in e-government and are models for encouraging innovation in the public and private sectors.The tech economy is global, and Lebanon is just a starting point.
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