Entrepreneurship and Employment
Recognizing that innovation and entrepreneurship are key to competitiveness, the USAID Jordan Competitiveness Program worked to help create a center for innovation and entrepreneurship at the King Hussein Business Park and to engage major supporting organizations in the innovation ecosystem—including Oasis500 and iPARK—in providing specialized services to entrepreneurs and technology start-up companies hosted at the center. On a policy level, JCP played a critical role in Jordan’s accession to the Patent Cooperation Treaty, a major milestone that now allows Jordanian innovators to register their intellectual property in 152 countries worldwide.
Seed Investment for Jordanian Innovators
Under a grant by the USAID Jordan Competitiveness Program, the Entrepreneurial & Investment Project Development Co (Oasis500) has concluded several three-day bootcamps with the aim of enhancing the creation of new startups and facilitating their access to follow-on investment opportunities, while providing them with the seed investment they require to kick off their projects. The bootcamps come as part of a series of activities aimed at orienting the entrepreneurial community in Jordan toward the high-value fields of Clean & Sustainable Technologies, Healthcare Technologies, Hardware and Electronics Design, and Urban Solutions. Simultaneously, the project aims to change the low-engagement of the targeted sectors -- especially by youth, women, students, and underprivileged communities -- by providing them with the right tools and preparation to engage both actively and effectively.
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Youth Entrepreneurship Program
The Youth Entrepreneurship Training Program organized by the USAID Jordan Competitiveness Program (USAID JCP) and the King Abdullah II Fund for Development (KAFD) has honored two groups of graduates. The more than 200 participants include students and graduates of five universities: the Jordan University of Science and Technology (JUST), German-Jordanian University (GJU), Princess Sumaya University for Technology (PSUT), Al Albayt University, and the Hashemite University. At the granduation ceremonies, students presented business plans as an outcome of the training. Successful Jordanian entrepreneurs were on hand at the ceremonies to share their experience, offer motivational advice, and take questions from the new graduates.
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