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The rise in digital innovation in the MENA region has been coupled with a proliferation of new funding institutions in the past 6 years, with the number of investors increasing 5-fold since 2010 . In particular, the Levant is home to strong investor communities with 30% of MENA investors located in Lebanon, Jordan and Palestine. An ArabNet Business Intelligence Report on "the state of Investments" in the region, finds that over $700M were invested in tech startups in MENA between 2013 and October 2015, with Jordan and Lebanon hovering around 50-60 investment deals each.It has done so in under 3 years, as cumulative investment in the Lebanese digital space since 2013 nears USD 50 M, representing thus 15% of total MENA investments.ArabNet Beirut conference competitions, such as the StartUp Demo and Ideathon competitions, are geared towards supporting and pushing through the most promising regional innovators, and matching them with the right investors.
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