The Queen Rania Center for Entrepreneurship (QRCE) at Princess Sumaya University for Technology has announced the launch of the tenth annual Queen Rania National Entrepreneurship Competition (QRNEC) for 2019. The competition aims to raise awareness among young people in the Kingdom in the fields of innovation, entrepreneurship, and methods of developing start-up business projects. This year, the award also seeks to stimulate creativity and innovation among Jordanian university students and those who currently have projects under development, and provide the opportunity for entrepreneurs to turn their ideas into successful business projects and gear them to serving the community. Applications to take part in the competition are now being accepted.
The President of PSUT, Prof. Mashhoor Al-Refai, praised the role of the QRCE, which was established at the University in 2004 under the guidance of HRH Princess Sumaya bint El Hassan, Chair of the University's Board of Trustees, in order to serve the country’s universities and national institutions. Prof. Al-Refai highlighted the Center’s most important activities, including Global Entrepreneurship Week and the Queen Rania National Entrepreneurship Competition. The award aims to develop the spirit of entrepreneurship among Jordanian university students, as well as ambitious entrepreneurs from the local community, to enable them to transform their creative technology ideas into successful economic projects.
The Center’s adoption of this competition, and the fact that it continues to launch it every year, can only be seen as a clear confirmation that the culture of entrepreneurship is taking hold among Jordanian society’s creative young people.
Mr. Mohammed Obeidat, Executive Director of QRCE, said that the competition this year would be focused on entrepreneurs who have projects waiting to be built, projects that are still only ideas in the minds of young Jordanians. The registration period will run until the end of March.
Mr. Obeidat added that "Entrepreneurs need an appropriate guiding environment that can lead them to the right path in their entrepreneurial journey, providing them with the means to release their potential and transform their ideas into successful manufacturing projects through the provision of financial support, training and mentoring by those who possess the right sort of experience.” He praised the competition’s sponsors, including the Microfund for Women (MFW), the National Fund for Enterprise Support (NAFES), and Jordan’s Technology Hub (iPARK), in addition to a number of media partners and sponsors.
Mrs. Muna Sukhtian, Managing Director of MFW, commented on the importance of this initiative, saying: "The Fund's continued support for this award is based on its important role in motivating young people to enter into successful and effective entrepreneurial projects, and is built on the company's belief in the importance of empowering the youth economically and socially and giving them an active role in the family and society as a whole.”
The competition will include a range of events and activities. Once the participants have presented their ideas, they will undergo an instructional training program under the supervision of a group of experienced management trainers and mentors. Participants will take a brief workshop on how to build a work model and then submit a copy of their work model to qualify for the next stage. A new addition to the competition will allow the entrepreneurs to present a prototype of their service or product, and the final judgment will be made on the prototype and work plan.
The prizes awarded to the winners of the Queen Rania National Entrepreneurship Competition are valued at 25,000 JOD. Competing for those prizes will be various projects in the areas of ICT, financial technology, BlockChain, environmental technology and clean energy, the Internet of Things, and new technologies in manufacturing, agriculture and health.
For further information, please visit www.qrce.org