For the first time this year, the World Economic Forum and the International Finance Corporation have partnered to bring together 100 Arab world startups, which are shaping the future in the context of the Fourth Industrial Revolution (4IR).
These 4IRStartups were selected in collaboration with the region’s leading authorities on the entrepreneurship ecosystem, including Wamda, Flat6Labs, Kawar Investments and Leap Ventures.
Together, these bright spots are enabling a generational transformation in the Middle East and North Africa
The World Economic Forum (WEF) is on the lookout for the best 100 Arab startups as part of its Startup4IR initiative.
The initiative, in partnership with the International Finance Corporation (IFC), part of the world bank group, aims to integrate entrepreneurial thoughts into the innovations of the fourth industrial revolution, a theme adopted at the 2016 WEF conference in Davos.
Entrepreneurship in a global context
The chosen startups will attend the forum’s annual regional conference which will take place at the Dead Sea in May. The conference usually draws up to a 1,000 participants.
In addition, those selected will get access to the forum’s network in order to partner with WEF members on future projects in the region.
The forum has previously endorsed entrepreneurship by cofounding the Schwab Foundation for Social Entrepreneurship, which selects successful social enterprises from all over the world. It also organizes Technology Pioneers which annually selects 30 tech startups prominent in the ecosystem.