Winners of Queen Rania National Entrepreneurship Competition Announced
Deputizing for Her Majesty Queen Rania Al Abdullah, Princess Sumaya bint El Hassan, President of the El Hassan Science City and the Royal Scientific Society, today has welcomed the winners of the fourth round of Queen Rania National Entrepreneurship Competition (QRNEC).
Founded by the Queen Rania Center for Entrepreneurship in 2004, with the full support of El-Hassan Science City & El-Hassan Business Park, the competition aims to fuel the spirit of Entrepreneurship, Creativity and Innovation across society in Jordan, and to help Jordanians to turn their entrepreneurial ideas into successful companies that supply innovative products and services to regional and global markets.
“I am confident that the outputs of this competition will add more life into Jordan’s Innovation Ecosystem by providing additional dealflow, investment and incubation opportunities,” said Princess Sumaya.
For his part, Farhan Kalaldeh, the Executive Director of QRCE, pointed out that the focus of this year’s competition was to attract investors and raise their awareness of the investment opportunities offered by emerging technology startups and the commercial potential of transforming ideas into products and services aimed at regional and global markets. Moreover, the focus was directed at strategic sectors of the Kingdom’s economy, such as ICT, Clean Technology and Life Sciences.
QRNEC had 400 participants in its fourth round, with more than 120 projects. The competition process involved comprehensive training in the areas of strategic planning, business plan development, project management and other topics related to starting and growing high impact technology companies.
Thirty teams were nominated for the final phase of the award in three categories: Startups; Projects under Development (Pre-Startup); and Universities. Project sectors were Information and Communication Technology (ICT), Clean Technology and Life Sciences. From these, 19 winning projects were selected:
In the Startups Category, the following projects were selected:
• First place: Mixed Dimensions (MXD) – a company that develops tools for gaming companies and online Interactive 3D applications developers.
• Second place: Naratech Labs – a company that assists pharmaceuticals, cosmetics, chemicals, food and beverages manufacturers to develop new products.
• Third place: TAQETNA – a company that develops smart renewable energy products and services.
In the Projects Under Development/ Pre-Startup Category, the following projects were selected:
• First place: Nitrate Production System – Developed a business plan for a company to design and manufacture an innovative new (patent pending) device for producing Nitrogen-based fertilizer in continuous and sustained quantities without the high cost of production associated with petrochemical-based fertilizers.
• Second place: Taltol – Developed a business plan for an online marketplace where users can buy and sell digital content & products.
• Third place: EduServ – Developed a business plan to provide online tools to establish better links between schools and parents.
In the Universities Category, the following projects were selected:
• First place: Mawdoo3.com from Hashemite University – Developed a business plan for the first Arabic website to offer high quality Arabic articles with automated Arabic keyword analysis service.
• Second place: Jordan Unmanned Systems’ from German Jordanian University – Developed a business plan to produce electrically powered UASs (Unmanned Aircraft Systems) for a variety of applications.
• Third place: Yadawi from Yarmouk University – Developed a business plan for an online store selling handmade items on regional and global levels.
It is worth mentioning that QRNEC awards amount to $50,000, awarded to projects in the fields of ICT, Agricultural Technology, Renewable Energy, Water, Life Sciences, and Advanced Technologies.