The Queen Rania Center for Entrepreneurship (QRCE) at Princess Sumaya University for Technology has announced the end of the first phase of the 2018 Jordanian University Students Entrepreneurship Competition, which aims to develop an entrepreneurial spirit among university students and help aspiring student entrepreneurs to transform their creative ideas into successful commercial projects in a range of fields. The competition was supported by the golden sponsor, 'The Tank'.
This competition comes as part of Global Entrepreneurship Week, which will be held in the Hashemite Kingdom of Jordan to celebrate the innovators and entrepreneurs who launch start-ups to make their ideas a reality, drive economic growth and increase community welfare. During one week of November each year, thousands of events and competitions are organized around the world to inspire millions to engage in entrepreneurial activity and encourage networking between potential collaborators, mentors and even investors.
Seven Jordanian universities participated in the competition, with each university performing as follows: PSUT 22 ideas; Applied Science University 19 ideas; Al-Hussein Technical University 14 ideas; the Arab Open University 13 ideas; Yarmouk University 12 ideas; the German Jordanian University 9 ideas; the University of Jordan 6 ideas. Participants will be trained on how to create a business model and how to effectively present their ideas. Once the ideas put forward by each university are evaluated, the final event will be held at The Tank to determine the best idea among the winning projects from the participating universities.
The QRCE is located at the PSUT campus. Its Director, Mr. Mohammed Obeidat, stated that the objectives of the competition are to educate and attract as many creative university students, people with entrepreneurial ideas, and owners of start-up companies as possible. He also said that a total of 90 teams had participated in the competition.
Head of Marketing for Umniah, Zaid Ibrahim, assured that the company is ready, through its permanent business incubator, to lend support to Jordanian entrepreneurs and start-ups and provide them with the best opportunities to execute their projects and expand their bases. He highlighted the fact that The Tank is one of the Kingdom’s major supporters of entrepreneurship and innovation.
Mr. Ibrahim added that the final round of the competition would be hosted by The Tank. As a golden partner of the competition, organized by QRCE, The Tank will offer participants in the final round the opportunity to receive priority financial, technical and technological support. The Tank will train the founders of these start-up companies on how to implement their ideas and turn them into actual projects by teaching them the necessary expertise and skills to manage their projects and putting them in touch with international investors by giving them the opportunity to participate in international conferences.