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Lebanon 2014 - Toward a Knowledge Based Economy

ISOC-LB Encourages AUST Students to Embrace a Culture of Innovation and Entrepreneurship

ISOC Lebanon Chapter (ISOC-LB) launched its University Clubs initiative at AUST Ashrafieh campus on Monday January 20, 2014. Nabil Bukhalid and Gabriel Deek, ISOC-LB President and Vice President, engaged a fully packed auditorium with an enthusiastic crowd of students and encouraged AUST students to embrace a culture of innovation and entrepreneurship and inspire to establishing Lebanon as a leading knowledge based economy.

Mr. Deek kick started the presentation by a brief review of the pillars of the knowledge economy and stressed on the role of education and the creativity of Lebanon’s university graduates. Mr. Deek stimulated the audience and challenged them to trade the Lebanese brain drain or human products by innovative Lebanese made products via entrepreneurial activities.  Mr. Deek argued: that the culture of entrepreneurship should replace or at least compete with the culture of employment; that we should create a culture of innovation and benefit from the global reach of an Internet connected world;  that against all odds, the future is looking bright for young and technology savvy Lebanese entrepreneurs looking to start their own business in Lebanon and targeting global markets; that Lebanese entrepreneur can benefit from well established incubators, ease of funding, markets, etc.; that top quality in whatever we do is a primordial requirement ; and that the startup success stories from young entrepreneurs are many while naturally few excelled.  

Mr. Bukhalid exposed Lebanon’s competitiveness in the knowledge economy and assessed Lebanon’s performance on the four pillars of the knowledge economy: Economic Incentive and Institutional Regime (EIR); Innovation and Technological Adoption; Education and Training; and Information and Communications Technologies (ICT) Infrastructure. Mr. Bukhalid identified several key challenges and highlighted the most critical being the lack of national vision and strategies to established Lebanon as an emerging Knowledge Economy powerhouse. Mr. Bukhalid argued that the students, next generation leaders, have a central role to play in the multi-stakeholder ecosystem that governs the Internet. Mr. Bukhalid invited the students to join ISOC Lebanon and to work towards the establishment of an active ISOC-LB Students’ Club at AUST. 

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Isoc Lebanon,
Feb 25, 2014, 8:22 AM
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