Blog post by Josh from the ILQ team over at ArabNet in Beirut.
The first day at Arabnet is in the books. The day’s theme was focused on addressing the big question: How the Middle East region can better support an entrepreneurial ecosystem. According to Peter Kellner, Managing Partner of Richmond Capital, a global VC, it all starts with education. Universities are where entrepreneurs are created. After education, its about mentorship. Tareq from Endeavor Global, a global non-profit that promotes high impact entrepreneurship, put it another way:
“We’ve found that two things are required for a succesful entrepreneurial ecosystem – 1. the right entrepreneur and 2. deep and tailored support. The biggest barrier to entrepreneurship isn’t capital.”
Interesting stuff, and encouraging news for Qatar. Education City and Qatar University are churning out highly skilled graduates every year. Incubators are popping up for seed stage startups. How can Qatar offer “deep and tailored support” in addition to capital, back-end services, and office space?