News

Close of the semi-final stage of the Queen Rania National Entrepreneurship Competition, 2018

Tuesday, May 29, 2018 - 11:45

 

 

The Queen Rania Center for Entrepreneurship at Princess Sumaya University for Technology has announced the close of the semi-final stage of the 2018 Queen Rania National Entrepreneurship Competition (QRNEC). This competition aims to promote an entrepreneurial spirit among Jordanian university students and aspiring entrepreneurs from the general public to transform their innovative ideas into successful business projects, with the focus on the technology sector. The ninth season of the competition was supported by strategic partner, Microfund for Women (MFW(

The Director of QRCE, Mr. Mohammed Obeidat, emphasized that the objectives of the current season of the national competition are to raise awareness and attract the largest possible number of Jordanian inventors and entrepreneurs from the different cities and governorates of the Kingdom. This year, more than 300 young men and women took part with a total of 175 teams.

Mr. Mathhar Al-Majali, Acting Director of the National Fund for Enterprise Support (NAFES) expressed his confidence in the Queen Rania Center for Entrepreneurship and their ability to achieve the noble objectives of the QRNEC. He stressed that the ongoing support of the National Fund enables participants to expand their capabilities, helping them to more fully understand the concept of leadership and instill in them the entrepreneurial spirit.

The participants' ideas were evaluated during the first phase of the competition, leading to 163 competitors qualifying for the second round. They were then assigned to a training camp supervised by a group of experts in start-up business management. At the camp, they received training on methods of strategic planning as well the necessary assistance to develop their business in a scientific and methodological manner. By the end of the training camp stage, 52 teams qualified to go through to the semi-finals after the drafts of their business plans were evaluated. They were asked to prepare these projects in such a way as to reflect what they had learned during the training camp.

26 teams competed in various categories to qualify for the finals after completing the training camp and submitting a summary of their business plans and models. An expert is assigned to each team to help strengthen the work plan and strategy during a month of meetings and workshops before delivering the final work plans. They were thoroughly evaluated before going through to the final stage of the competition.