16Dec

Why Kuala Lumpur Might be Your Next Option To Establish Your Startup!

Kuala Lumpur becomes one of the top cities to launch your startups in, and here are six Insights on Malaysia startup ecosystem.

1 ) The cheap cost of living in Kuala Lumpur makes the city an attractive destination for startups that move here even though they are still incorporated and mainly operated elsewhere in Southeast Asia like Singapore, where there are a lot of investing money for a startup. Also, the diverse demographic of the Kuala Lumpur population (Chinese, Malay, and Indian) made the city a significant market test for earlier stage startups in different potential Asian markets.

2) Starting in 2013, the Malaysian government formed a $100 million fund to invest in startups as part of a broader 10-year plan to develop high-tech industries.

3) 2014 marked the launch of the Malaysian Global Innovation and Creativity Centre (MaGIC), an innovation and creativity center that works to support the local, and to some extent regional, entrepreneurial community and enhance the startup ecosystem with many initiatives, most importantly:

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14Oct

Insights on the Turkish startups ecosystem

During my attendance of Techstars Community Program Summit, Startup Weekend MENA, and Startup Istanbul I got the chance to witness what Turkey offers as an entrepreneurial ecosystem. Here are 7 interesting facts I have put together:

1) The excellent location of Turkey in the middle of  East and West, and the stability that the country has compared to its neighbors makes Turkey a platform for both regional and global startups.

2) Delivery Hero, Berlin Based food delivery has acquired Turkey’s Yemeksepeti for $589 million which considered to be the biggest exit in the Turkish ecosystem, and probably MENA.

3) Iyzico, a Turkish online payment system that raised the largest investment fund in the country in Series A and B, with more than $9 Million in total since it was founded in 2012.

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22Sep

Traditional Arab Collaborative Economy Initiatives That Still Exist!

The Collaborative Economy ideas are not new in the Arab World. Throughout history, people practiced sharing and collaboration in their day-to-day lifestyle as part of culture and religious beliefs. People shared food, products and homes among many other things. They also invented a number of traditional Collaborative/Sharing initiatives which are still being adopted today.

 

Jamee’h

An old model of a non-interest crowd-lending. Jamee’h means ‘commit’; small amounts of savings from a number of individuals that are put together and given to one person. The process is then repeated again, usually on a weekly or monthly basis with each member of the group benefiting from the collected amount.

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25Aug

Four Sharing Economy Initiatives Can Take Place in Developing Countries

There is a shy presence for the sharing economy in developing countries due to the trust issue between the strangers, as well as low market penetration of technology for both smartphone and online banking usage, which make it hard for companies like Airbnb or Uber to operate. So what another type of sharing economy initiatives that can overcome those challenges and take place in those countries.

Tool Library

At such facilities, books are replaced with tools in order to “mutualize” resources so that people don’t have to buy tools they would only use once in a while, such as saws, drills, or chisels. Each of these tools is available either for free or for a small fee, increasing the efficiency of each device and helping users save money

Tool libraries are also neighborhood hubs offering classes, community building spaces, workshops and a variety of instruments ranging from belt sanders to lawnmowers and more

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25Jun

Insights on The Iranian‬ ‪Startup‬ Ecosystem

Interesting facts I learned about the Iranian startup ecosystem: I’ve collected up some thoughts of this emerging ecosystem that I was able to explore.

1) It’s a startup clone market! Because of the sanctions Iranian entrepreneurs start setting up Iranian versions of the international successful startups like: YouTube (Aparat), Groupon (Takhfifan), eBay (Mozando), Amazon (Bamilo), and Uber (Taxi Yaab).

2) It worked: Digikala‬, is an online Iranian e-commerce site similar to Amazon, is estimated to be worth $150 Million which has around 750,000 unique visitors per day!

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22May

Jusoor Entrepreneurship Bootcamp – Beirut 2015

It a great opportunity today to help to coordinate Jusoor Entrepreneurship Bootcamp in Beirut, an initiative part of the organization Entrepreneurship program that aims to create a strong collaborative community to help Syrian entrepreneurs learn from successful businesses, peers and role models. The program addresses the challenges facing start-ups and helps guide entrepreneurs through their business development with mentorships, incubation program support, and funding.

During the Bootcamp, 10 Syrian startups from all around the MENA region joined three weeks of intensive sessions by Oasis500 trainers, designed to help aspiring entrepreneurs develop their ideas and startup experiences. The sessions covered topics that included starting a business, building a business model, conducting a financial study, performing a business valuation, and pitching.

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7Mar

Startup Communities: Building an Entrepreneurial Ecosystem in Syria

Today I organized Startup Communities event, a one-day event where Syrian entrepreneurs, social enterprises, and small businesses and organizations gathering to share ideas, and collaborate.

Over 30 Syrians organizations joined us in Startup Communities: Building an Entrepreneurial Ecosystem. Together, we discussed what we could each do to support entrepreneurship for Syrian.

This event was to bring together these entrepreneurs and the community to brainstorm ideas on creating a better environment for startups to grow and ultimately building an entrepreneurial ecosystem that meets the needs of entrepreneurs. 

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