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Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
Hana uraidi jedco srtd conference template
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Transcript

  • 1. Session 2: Start-ups & Incubation Continued Support from JEDCO Hana Uraidi – Director of Cross Cutting Support/JIC Network Director
  • 2. Contents
    • JEDCO – Sustainability Partner & Developing an Effective Business Continuity Plan
    • Why Business Incubation is Strategic to GoJ?
    • Most Common Incubation Services Needed?
    • Current JIC members
    • What did SRTD mean for JEDCO?
    • Initiatives taken with Support of SRTD
    • Plans for 2011 – 2013
    • Thank you and Contact Information
  • 3. JEDCO – Sustainability Partner & Developing an Effective Business Continuity Plan
    • What Does JEDCO offer?
    • JEDCO’s involvement with Incubators (JIC) started in 2005.
    • 100 Entrepreneurs supported to date and approximately 850K invested.
    • 40 graduates ….30 SRTD graduates in the pipeline…
    • Impact assessment highlights that although graduated companies are surviving …the problems they face are in finance, packaging, marketing …
  • 4. What needs to be done?
    • Cont. Working with partners and stakeholders to promote and reward entrepreneurship.
    • Facilitate a conducive business environment that facilitates start-ups growth.
    • Secure funding to establish an “all-encompassing” Business Support Services Center – inclusive of a Creative Industries Incubator.
    • Stay open-minded and receptive to new ideas!
  • 5. Why Business Incubation Continues to be a Priority for GoJ?
    • Business incubation has been identified as a means of meeting a variety of economic & socioeconomic policy needs, which includes: • Creating jobs and wealth • Fostering a community's entrepreneurial climate • Technology commercialization • Diversifying local economies • Building or accelerating growth of local industry and/or services clusters
  • 6. Why Business Incubation Continues to be a Priority for GoJ? Cont….
    • Business creation and retention
    • Encouraging women or minority entrepreneurship
    • Identifying potential spin-in or spin-out business opportunities
    • Community revitalization
    Fact: Support to Incubation & Startups continues to be a priority in the National Agenda.
  • 7. Most common incubator services:
    • Help with business basics
    • Networking activities
    • Marketing assistance
    • High-speed Internet access
    • Help with accounting/financial management
    • Access to bank loans, loan funds and guarantee programmes
    • Help with presentation skills
    • Links to higher education resources
  • 8. Most Common Incubator Services cont…..
    • Links to strategic partners
    • Access to angel investors or venture capital
    • Comprehensive business training programs
    • Advisory boards and mentors
    • Management team identification
    • Help with business etiquette
    • Technology commercialization assistance
    • Help with regulatory compliance
    • Intellectual property management
  • 9. Current JICs are established at:
    • Al-Hassan Science City (Royal Scientific Society)
    • HCST (Ipark) – (pipeline BIC)
    • Jordan University – Agro-Business Incubator
    • Al-Hassan Industrial Estate (BIC)
    • Al-Hussein Bin Abdullah II Industrial Estate (BIC)
    • Jordan Forum for Business and Professional Women (Amman & Jerash)
    • Philadelphia University (Engineering Related Businesses)
  • 10. Q. What did SRTD mean to us @ JEDCO?
    • Our Joint Objectives were to:
    • “ develop an innovation-based culture by supporting new startup businesses.”
    • “ provide grants to individuals with viable start-up ideas.”
    • “ facilitating the connection of the project to the business community and the business sectors in order to ensure its sustainability.”
  • 11. Initiatives taken with the support of SRTD …1
    • Investigating the Feasibility of Establishing a Creative Industries Incubator in Jordan
    • Developing Jordan’s National Startups and Incubation Strategy 2010-2015
    • Establishing a TTO @ JEDCO & Training Staff
    • Developing the JIC Quality Assurance System
    • Becoming a partner in the EU-Jordan Net Project to promote FP7 and facilitate the connection between Academia & SME’s.
  • 12. Initiatives taken with the support of SRTD …2
    • Two new incubators are established (Al-Karak and the Women’s Incubator in Jerash) and become part of the JIC Network.
    • We started with a “face-lift” of the old JIC logo and ended up with a new image all-together!
  • 13. Initiatives taken with the support of SRTD …3
    • Introducing the “Grow-box Tool”
    • Offered a joint SRTD/JEDCO Consultancy Support Programme to incubatees
    • And many training courses & sponsorships…
    • But what was/is still missing:
    • A partnership with a Bank(s)…thus the role of Financial Support Schemes at JEDCO!
  • 14. Plans for 2011-2013
    • Grow the JIC Network…revisit, assess and develop taking into account ideas presented in the draft National Start-ups & Incubation Strategy.
    • Support the offering of Business Counseling Services
    • Continue with spreading awareness of he entrepreneurial culture and provide tailored training opportunities
  • 15. Plans for 2011-2013 cont….
    • Is it about business plan competitions?
    • Facilitate access to finance (VC, Banking Window & Financial Coaching Services)
    • Enhance and grow business networks
    • Allocate Euro 600-700K grants to startups focused on exporting!
    • But most important:
    • “ Utilize JIC members as local economic development agencies.”
  • 16. Thank you & Contact Information
    • Thank you for your good listening
    • For further information:
    • Email: [email_address]
    • Tel. 5603 507 (ext. 2062, 2041, 2404)
    • Website: www.jedco.gov.jo

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