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PSUT launches the 11th edition of the Queen Rania National Entrepreneurship Competition

Wednesday, February 10, 2021 - 12:45

 

The Queen Rania Center for Entrepreneurship at Princess Sumaya University for Technology has launched the Queen Rania National Entrepreneurship Competition in its 11th edition. The competition aims to empower young entrepreneurs, create and enliven an entrepreneurial culture, develop participants' skills and assist them in planning, and identify ideas, projects and emerging companies in the field of innovative technology. The winners receive a prize worth $250,000.

The competition, which targets individuals, registered startups, and entrepreneurial ideas under development, holds a strategic partnership with the program Jordan 12 which is funded by the Innovative Startups and SMEs Fund (ISSF), Zain Innovation Platform, the iPARK Business Incubator, and the Microfund for Women (MFW).

The President of PSUT, Prof. Mashhoor Al-Refai, expressed his great pleasure that the competition has continued over the last ten years, praising its great influence and its impact on the spread of the culture of entrepreneurship. He stated that the competition runs in accordance with the directives of HRH Princess Sumaya bint El Hassan, Chair of the University's Board of Trustees, on the need to support young entrepreneurs and enable them to implement their visions in projects that will serve to develop the national economy.

Mr. Omar Hamarneh, the Executive Chairman of iPARK Incubator, stated its commitment to bringing into play its entire body of expertise, accumulated over 20 years, to support entrepreneurship and emerging companies. The Jordan 12 program for entrepreneurial empowerment and development was launched in partnership with Impact MENA, and funded by the ISSF. He emphasized the importance of cooperating with institutions that support entrepreneurship to encourage and develop the field and raise the quality of its programs to the global level.

Executive Director of Media and Communications at Zain Jordan, Mr. Tareq Al-Bitar, appreciated the center’s role in supporting the development of entrepreneurship. He expressed his happiness that Zain, through its innovation platform (ZINC), is a strategic partner for the award. He added that the company would continue its role in supporting the entrepreneurship sector, supporting entrepreneurs and their innovations that keep pace with advancements in the fields of digitization and technology, in order to contribute to meeting the requirements of the local and regional labor markets.

  Mrs. Muna Sukhtian, the Managing Director of MFW, said, “The company values ​​its strategic partnership with the Queen Rania National Entrepreneurship Competition, which has extended for many years, out of its belief in its importance and direct influence in developing and refining the skills of young entrepreneurs. The MFW also appreciates the competition’s focus on employing information technology in many creative ideas that have turned into successful real projects, and its contribution to youth employment, and placing Jordan on the global leadership map.”

It should be noted that the focus of the competition is on technological projects such as the Internet of Things, and mobile and device technology, and that participation is open to anybody who wishes to present their innovative ideas and projects. The application process and conditions are available on the center's website at www.qrce.org .