Seeqnce

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Seeqnce
Industry Startup accelerator
Founded Beirut, Lebanon (2010)
Headquarters Beirut, Lebanon
Key people
Samer Karam
Website www.seeqnce.com

Seeqnce is a startup accelerator based in Beirut, Lebanon.[1] The company advises on best practices in building startup ecosystems.

History[edit]

The company was founded in 2010 by Samer Karam, who served as Chairman and General Manager.[2] In July 2011, Seeqnce launched its state-of-the-art space in the heart of Beirut (Hamra).[3] In 2012, it successfully launched Lebanon's 1st startup accelerator program, with 436 entrepreneurs from 30 countries. On August 24, 2012, Seeqnce announced its investment in 8 startups.

Approach[edit]

Seeqnce borrows from best practices pioneered by accelerators such as Y Combinator and Techstars. However, due to the differences between the MENA region and the US, it developed culturally adapted methodology.

The lack of expertise, the lack of knowledge on startup accelerators as well as the risk-averse culture are among the factors which call for a need for modifications when applying western methods in the region.[4][5][6]

One of the adjustments Seeqnce made to meet region’s needs is the duration of the program which is 6 months. This is twice the duration of Y Combinator’s program.[7] Moreover, Seeqnce is funding startups once a year while Y Combinator is funding 2 batches of startups a year.

The profile of applicants is another differentiator of the program. Seeqnce requires from the individuals who will go successfully through the selection process to form teams based on members’ expertise. Each team is composed of a business person, a developer, and a designer. This is not the case with Y Combinator where no limitations are put in this particular context.

Program[edit]

The program [SqP] is a year-long web / mobile business creation process that is composed of two phases: Selection and Acceleration.[8]

300 entrepreneurs have the chance to apply and go through a series of challenges. The best eight Arab world’s web and mobile startups join the second phase of the program, which lasts for six months at Seeqnce’s offices.

After operating for year and a half, Wamda elected Seeqnce as one of "the top 10 accelerators" in the MENA region.[9]

Seeqnce Accelerator Program 2012[edit]

Seeqnce selected the following eight startups to enter into the Acceleration phase: eTobb, Kactus, Rikbit, Presella, Ikimuk, Yoofers, and et3arraf.[citation needed]

Another startup Seeqnce accelerated is Cinemoz described by TechCrunch as "on its way to becoming the Hulu of the Arab world."[10]

References[edit]

  1. ^ "Beirut's First Startup Incubator". TechCrunch. 2012-05-17. Retrieved 2012-05-17. 
  2. ^ "Beirut's Bright Future As A Tech Hub For MENA, If Its Politicians Will Allow It". TechCrunch. 2015-04-03. Retrieved 2015-04-03. 
  3. ^ "Seeqnce Internet Startup Accelerator Celebrates the Opening of its New Space in Hamra". Entrepreneurs Lebanon. 2011-07-23. Retrieved 2012-03-01. 
  4. ^ "Accelerating Entrepreneurship in the Middle East and North Africa". booz&co. 2011-10-23. Retrieved 2012-03-23. 
  5. ^ "What Are The Differences Between Middle Eastern And Western Styles Of Management?". Blurtit. Retrieved 2012-03-23. 
  6. ^ Qayyum, Mehrunisa. "Revolutionary Business: Rethinking Entrepreneurship in the Middle East". Carnegie Middle East Center. Retrieved 2012-03-23. 
  7. ^ http://ycombinator.com/
  8. ^ "Seeqnce Program". Seeqnce. Retrieved 2012-03-05. 
  9. ^ Curley, Nina (2011-09-28). "Top 10 Accelerators in the Middle East and North Africa". Wamda. Retrieved 2012-03-03. 
  10. ^ "From The Heart Of Beirut, Startup Accelerator Seeqnce Plans To Thrive – TechCrunch". techcrunch.com. Retrieved 2018-03-15. 

External links[edit]