Lebanon is a small and beautiful country on the Eastern shore of the Mediterranean Sea. The total area of the country amounts to 10,452 square km (4,500 square miles). Famous regions of Lebanon are Beirut (the capital), Sidon & Tyre (South), Tripoli (North) and the Bekaa Valley (Center).
Lebanon has a liberal economy based on competition and private ownership. Services and banking sectors predominate, representing 70% of the country's gross national product. Major subsectors are commerce, tourism and financial services. Other components include health care and higher education. Agriculture constitutes 10% of GDP and the industrial sector constitutes the remaining 20%. University Saint-Joseph (USJ), one of the largest and oldest Lebanese private universities, spearheaded the first private SME incubator, Berytech Technological Pole in Mount-Lebanon, in partnership with a number of local stakeholders; financial, commercial and not for profit.
Today, Berytech is a self-sustainable business development centre, providing hosting, incubation, training and counseling to SMEs in primarily two knowledge-based industries, Technology and Health, which have a combined regional market of $3.5B. These two sectors have a large local multi-lingual human resource base with relevant skills, a professional expatriate community transferring technology and knowledge, a relatively developed ICT infrastructure and a dynamic private sector involvement in these clusters.
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