Ammon News – Orange Jordan and the Information and Communications Technology Association of Jordan (Int@j) on Saturday published the findings of a study mapping Jordanian startups.
During the three-month study, 275 startups were classified into 21 major sectors, including as e-commerce, financial technology (Fintech), health technology, gaming, agricultural technology, cybersecurity, artificial intelligence, and others.
The study is part of efforts exerted to strengthen and upgrade the entrepreneurship ecosystem and landscape in the Kingdom. It will be updated periodically and made available through Intaj website.
To be added to the study, Intaj said eligible startups must be Jordan-based or provide proprietary productions and solutions, among other requirements including stage of maturity and registration status.
The study found that 57 percent of all eligible startups are centered in 5 main sectors. It also indicated that 60 percent of the enterprises are in growth stage while 25 percent are viable projects while the rest are still in the ideation stage.
Furthermore, the study revealed that female presence in startups amounted to 40 percent, while 35 of these startups have joined a business incubator or accelerator.
Intaj was able to produce the mapping with the support of Orange Jordan and an advisory committee made up of the Crown Prince Foundation, the Ministry of Digital Economy and Entrepreneurship, the Ministry of Planning and International Cooperation, the Ministry of Youth, in addition to the Innovative Startups and SMEs Fund and the Investment Commission.
The study will pave the way for more successful Jordanian startups, especially when understanding the entrepreneurial ecosystem in the Kingdom and the main sectors that have future opportunities for growth and expansion.
The results of the study were released by Intaj and StartupsJo (Startup Council) on behalf of the EU-funded “Innovation Space” project, a pioneering initiative in Jordan and a one-stop-shop for digital innovation and entrepreneurial support.