jordan pulse -
Amman, September 20, 2023: Zain Jordan, through its innovation platform (ZINC), yesterday evening, Tuesday, held a special leadership evening; During it, she unveiled the initial version of the “Jordanian Startup Ecosystem” report for the years 2018-2023, which is the first of its kind in terms of the information and data it contains. She also celebrated a new group of Jordanian youth and entrepreneurs whose entrepreneurial ideas and startup companies were selected as part of the sixth edition of the report. Zain Initiative program, to join the incubation and development program offered by the platform for a full year. It also provided these companies with cash support worth 160 thousand dinars.
During this evening, which was held at the Royal Automobile Museum, the Zain Innovation Platform (ZINC) revealed the first version of the five-year Jordanian startup ecosystem report, which it prepared in cooperation with “Wamda” - the leading introductory platform in the region, and the investment fund “Beyond Capital.” “The platform will publish and display a detailed study and a complete copy of the report during the coming period, after completing the collection of information and suggestions related to the report from all concerned parties. The report was presented in the presence of a number of investors and experienced representatives of Jordanian business incubators and accelerators. A number of representatives of Jordanian universities, a group of entrepreneurs in the Kingdom, and the platform’s strategic partners.
Trisca Hamid, managing editor at Wamda, provided a detailed explanation of the Jordanian startup ecosystem report. The report presented information and an illustrative study on the number of Jordanian startup companies that received investments during the past 5 years, in addition to information about the founders of these companies in terms of Educational background, such as academic specializations, place of study, educational attainment, number of years of experience, and the source of initial funding for each company. The report also reviewed the most important and active investors in the Kingdom and at what stages they invested in Jordanian startups, in addition to the most prominent local, regional and international investors in startups in Jordan. Jordan. The report also presented an illustrative study on the number of investment funds already existing in the Kingdom and the most active ones, according to investment stages, and the volume of financing provided by these funds during the past 5 years.
The report also presented an illustrative study on the stakeholders in the Jordanian entrepreneurship environment, including investment funds, business accelerators, business incubators, funds that invest in investment funds, government agencies concerned with the entrepreneurship sector, supporting bodies and non-profit organizations that provide support to emerging companies and entrepreneurs in the Kingdom, and companies in the sector. Private companies that invest in startups.
The report presented a detailed comparison of Jordan with several similar countries in terms of population, market size, and the amount of funding obtained by startup companies in these countries compared to Jordanian startup companies. It also reviewed Jordanian success stories, in terms of the names of Jordanian startup companies and Jordanian entrepreneurs who have achieved multiple successes, whether At the local, regional or global level, the report highlighted the most important challenges facing Jordanian startups and investors.
This step by the Zain platform was the culmination of 9 years of the platform’s life, which was full of continuous efforts to serve the Jordanian entrepreneurship sector, and to support the entrepreneurship system in the Kingdom, and to continue its support for Jordanian youth and entrepreneurs, as this report will make it available to all workers and those interested in the field of entrepreneurship in the Kingdom, From business incubators and accelerators, entrepreneurs, and decision makers, to direct their business and future plans towards the right path, by answering all their questions and inquiries about the state of the entrepreneurship environment in the Kingdom, the investments it attracts, and the future opportunities available, to contribute to achieving the directions and visions of His Majesty King Abdullah II. Ibn Al Hussein, and His Highness Prince Hussein bin Abdullah II, Crown Prince, in the process of building and developing, supporting Jordanian youth, and investing in their energies and creativity.
The platform announced the entrepreneurial ideas and startup companies that were selected within the sixth edition of the Zain Initiative program, which is one of its most important programs and initiatives that it is keen to launch every year to support and assist Jordanian entrepreneurs and provide them with the necessary support to develop their businesses, as the participants in the program went through several stages, the most important of which is the camp. Intensive training that included a series of training courses and workshops in the most important areas of entrepreneurship and technology, presented by an elite group of distinguished trainers and specialists in their field. Five entrepreneurial ideas were selected: Semesteer, Tamarras, Daitech, World of plants, and Curans, which were selected. They were developed during the stages of the program and transformed into startup companies that started their work, while 4 Jordanian startup companies were selected: Next Update, Kitchefy, Farm Jo, and Qaleb Studio. The platform provided these entrepreneurial ideas and startup companies with cash support worth 160 thousand dinars, in addition to their joining the program. Embrace thatThe platform provides it for a full year, which includes accounting services, legal services, technical consulting, and visual identity services, in addition to marketing services and facilitating entry into markets.
The platform concluded this distinguished entrepreneurial evening by networking the owners of these companies and projects with the investors and executives attending the evening, as it provided the opportunity for the entrepreneurs to introduce their work to those interested among them on the one hand, and provided a space for the attendees of the supporting bodies and stakeholders to learn about new businesses and companies in which it is possible to invest on the other hand. .