SME SUPPORT AND FUNDING

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1 inspire. empower. connect Jordan SME SUPPORT AND FUNDING A list of organizations that support and fund small and medium sized enterprises in Jordan

2 SME SUPPORT AND FUNDING SME Support Organizations Arab Academy for Banking and Financial Sciences The Small and Medium Enterprises Center aims to develop small and medium enterprises in the Arab world through training, guidance, networking and business enhancement. Business Development Centre The BDC was formed in 2005 to provide management training, functional support, and coalition building opportunities to encourage the growth of SMEs. It achieves these objectives by implementing a broad range of programs stimulating public-private partnerships and providing youth training and career development. These activities are carried out with a focus to spur exports and empower women. eb/13thconf/english/en- PreviousEvents12thAnnualConference2ndSession. asp An example of BDC activity is an economic development project called Tatweer, which is funded by the USAID and is geared towards supporting the competitiveness of Jordanian SMEs ( Endeavor Endeavor supports high-impact entrepreneurs by providing an unrivaled local and international network of mentors who provide strategic advice. Euro-Jordanian Advanced Business Institute The Euro-Jordanian Advanced Business Institute (EJABI) is a non-profit organization supported by the Amman Chamber of Industry and aimed at developing SMEs. EJABI partners a wide network of with leading universities and training institutes to hold seminars that develop and enhance management skills in the Jordanian private sector.

3 INJAZ The mission of INJAZ is to enhance the opportunities of Jordanian youth to become successful employees and entrepreneurs. It achieves this goal by working closely with partners to equip students with skills in leadership, business entrepreneurship, economics, problem-solving, and communication. Jordan Career Education Foundation The EFE Foundation runs tailor-made training programs that give unemployed young people the specific skills to acquire and retain a job. At the end of the training programs, graduates are placed in jobs with partner organizations and receive ongoing support through mentor and alumni networks. Jordan Enterprise Development Corporation JEDCO is a governmental entity that assists enterprises in their modernization by promoting efficiency and capacity building. Jordan Forum for Business and Professional Women JFBPW is an association of business and professional women in Jordan that provides ongoing opportunities to advance the interests of women in their businesses through strategic partnerships with sponsors, non-profits and international organizations. King Abdullah II Fund for Development KAFD contributes to programs that are designed to engage the underprivileged segment of the society in creative and productive activities in order to serve its broader goal of facilitating long term socio-economic development in Jordan. MENA Businesswomen Network The MENA Businesswomen s Network is a partnership of local businesswomen s organizations, Vital Voices Global Partnership and the Middle East Partnership Initiative (MEPI) of the U.S. Department of State. The goal of the partnership is to build a regional network of businesswomen to increase the value of their businesses and to promote a regional culture of women s entrepreneurship

4 Queen Rania Center for Entrepreneurship The QRCE is a not-for-profit, non-governmental organization. It was established in October 2004 with the mission to support economic growth by providing an array of services in entrepreneurship development and technology commercialization. Young Entrepreneurs Association YEA is a non-profit organization that aims to help small and medium sized Jordanian companies by educating and training entrepreneurs and facilitating the exchange of ideas. In addition, the YEA acts as an advocate for legislative change to create a more favorable business environment for startups. Sabeq The USAID Jordan Economic Development Program is a five-year broad economic development initiative aimed at improving the business environment by expanding innovation and productivity in Jordanian businesses. blog.qrce.org Sabeq_Public/sabeq_ public_master.aspx?site_ Id=1&Page_Id=1564

5 SME SUPPORT AND FUNDING Incubators Agro-Industries Business Incubator (Jordan Innovation Center) This incubator was established in 2005 to foster start-up, technology-based agro-industrial projects and provide these businesses with the support that will enable them to reach the commercialization stage. ipark ipark ICT Business Incubator provides companies with buildings that are fully equipped with communications and networking facilities, furniture, IT equipment and logistical support. It also provides strategic support through an experienced network of advisors with a proven track record in supporting ICT start-ups. In addition, ipark has established partnerships to secure preferential rates from marketing, auditing, legal, and technical services. The Industrial Scientific Research Fund The purpose of the ISRF is to encourage Jordanian businesses and national companies to invest in Research Training & Development (RTD) by providing financial support and training activities relevant to business development. Zain Ibda3 Zain Jordan s Ibda3 is an incubator program for youth between 18 to 25 years old. It provides business development processes, tools, and specialists, teamed up to nurture and support the early stages of new and small innovative telecom- related ideas. National Consortium for Technology & Business Incubation (NATCTIB) NATCTIB is a business incubator established to foster ICT start-ups and facilitate job creation in agriculture and general engineering. The incubator also offers office space to startup enterprises. CyberCity QIZ Free Zone CyberCity is a park that provides businesses with land, buildings and associated infrastructure as well as commercial and retail services, at low cost due to its status as a Free Industrial Zone. php?article221 jo.zain.com/english/ Personal/Pages/ibda3.aspx omar@hcst.gov.jo

6 SME SUPPORT AND FUNDING Venture Capital and Private Equity Firms Catalyst Private Equity Catalyst Private Equity is a firm focused on investing in products and technology for the regional energy and water sectors. Riyada Enterprise Development Riyada Enterprise Development Fund SME investment platform is designed to provide growth capital to an under-served market in the MENASA region. Riyada invests in businesses that are proven and have a core management team with the desire and capability to expand their business. The Fund will also provide capital to earlier stage enterprises particularly in the technology and media segments. HSBC Private Equity Middle East Limited HSBC Private Equity Middle East Limited provides equity capital to businesses operating in the region. Foursan Group Foursan Group is a private equity specialist with a primary focus on the Middle East region. Foursan currently manages Foursan Capital Partners I, a multi-country, multi-sector private equity fund targeting investments in accelerated growth companies in Jordan and surrounding countries in the Levant and North Africa. IV-Holdings IV Holdings provides capital, expertise and a synergistic network of ventures to help enable and grow entrepreneurs both within and outside the Arab world. It focuses on building transformative companies that will shape how a global Arab audience will interact online, specifically investing in internet, media, and mobile services companies. details.aspx?mid=482 commercial/investmentbanking/private-equity

7 SME SUPPORT AND FUNDING SME Banks Jordan Loan Guarantee Corporation (JLGC) The JLGC was established by the Central Bank of Jordan and other public and private sector institutions to facilitate lending to SMEs by guaranteeing a certain level of loans made to these businesses. The Industrial Finance Loan Guarantee Program This loan guarantee program covers 70% of an SME s loans up to JOD430,000 EJADA.html National Fund for Enterprise Support NAFES aims at assisting Jordanian SMEs to become more efficient and competitive by providing training programs and financial assistance to management. SME banking Standard Chartered Bank Jordan The SME division of the Standard Chartered Bank is aimed at supporting entrepreneurs with their banking, business financing and trade financing requirements. National Micro finance Bank National Micro Finance bank is an initiative of Alwatani, which was established to set up banks for the micro and small entrepreneurs in Jordan and the rest of the Arab World. Bank of Jordan Bank of Jordan provides overdraft service to the small and medium-size enterprise sectors to meet their liquidity and operational needs. Jordan Commercial Bank Jordan Commercial Bank has specialized centers designated to cater to the financing and banking needs of small and medium enterprises. com/jo/sme-banking/en aspx boj50en/inside.htm?id=3&s rc=establishmentservices node/129

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