The Konrad-Adenauer-Stiftung (KAS) is a German political foundation that has been working in Palestine since 1996. The foundation is bringing representatives from BuildPalestine, a young initiative introducing the concept of social entrepreneurship, Leaders Organization, a non-profit organization dedicated to the development of Palestine, and Gaza Sky Geeks, a startup and innovation accelerator, to Berlin to build bridges between Germans and Palestinians.
IXDS believes that we, together with our community, have both a lot to offer and to learn from the delegates – so come join us to hear their stories and share yours at this very special meetup event!
Food for thought seems to be an appropriate theme for the evening as together we’ll snack on tasty treats, enjoy some lovely refreshments, and indulge in fruitful conversations surrounding the trials, tribulations and marked successes of our common experiences in the startup scenes of both Palestine and Germany.
To set us off, at 7pm we’ll launch into an introduction from BuildPalestine, Gaza Sky Geeks, and KAS to set the stage and enlighten us about the motivation behind what they do.
Following this, we’ll enjoy a showcase of some of the projects they’re spearheading.
We hope to see you at what promises to be an insightful and enjoyable evening! We warmly invite you to come prepared to share your own challenges and motivations for improving access to services and business opportunities!
The startup scene in Palestine
The Palestinian startup ecosystem has been growing exponentially over the past years with more than 20 acceleration/incubation programs for startups currently in the West Bank and Gaza, largely supported by donors and public funding. The organizations working in the entrepreneurial ecosystem introduce various networking assets to the community, including community-building events, capacity-building trainings, co-working spaces, and mentoring networks. The current success rate for startups hosted in Palestine is at seven percent.
Entrepreneurs in Palestine have largely emerged within technological domains, as the demand for software services, engineers and account managers has driven the growth of these sectors. The severe lack of mobility opportunities for Palestinians adds to the appeal of building businesses based on the Web. Barriers to entry for entrepreneurs who seek to start a Web-based business are low: with a Wi-Fi connection and an idea, anyone can set up a website and provide services or products to anyone, anywhere.
Local and international players have come together across the full value chain of new business investments, from university training programs incubating startups and matching recent graduates to the private sector, to advanced stages of investment in the companies to launch them to the next stage of the expansion. Ibtikar Fund, the most recent addition to the pool of investors, fills a widely acknowledged gap in funding for local entrepreneurs, yet a multitude of challenges still lie ahead.