Hana uraidi jedco srtd conference template

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Hana uraidi jedco srtd conference template

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

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