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DEVELOPING JORDAN’S INNOVATION ECOSYSTEM
Dr. Wissam RabadiExecutive Director
Challenges and Opportunities
June 21st , 2013
Creating Economic Value
Education/ R&D (investment)
Innovation (process)
Entrepreneurship (attitude)
Economic Value (outcome)
Value Creation Value Capturing
The Innovation Eco-System
En
trep
ren
euri
al
Cu
ltu
re
Risk CapitalGovernment
Policy & Funding
Incubators
Technology Transfer
IndustrialClusters
Education Infrastructure
R & D
Innovation System Levels
Jordan National Innovation System
System AnalysisNational Institutional
Program Capacity
Scope of Intervention
Much Formulation, Little Implementation
“A Practical Guide to Wealth Creation: Proposals for an Innovation Policy for Jordan” commissioned by the Euro-Jordanian Action for Enterprise Development (EJADA), 2006
“Study on the National Innovation System in Jordan”, commissioned by the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) , 2009
“A Candid Review of Jordan’s Innovation Policy”, commissioned by the World Bank/Korean Development Institute, 2011
“National Science, Technology and Innovation Strategy 2011-2016”, Commissioned by the Higher Council for Science and Technology, 2011
EL HASSAN SCIENCE CITYa Case Study
Princess Sumaya University of Technology
(Academia)
The Royal Scientific Society
(Research)
The Higher Council of Science & Technology
(Government)
The Business Park, LLC
(Commercialization)
IPR Protection Tech Transfer Industry-University
Capacity Building Competition Culture
Physical Space Startup Support Growth
Early-stage Finance Mentoring
Entrepreneurship Center
IP Office Incubator Angel Network
Concept Masterplan
COMMERCIAL USE ZONE
iPARK
ADMINISTRATION AND TRAINING ZONE
RSS RESEARCH / LABORATORY ZONE
PRINCESS SUMAYA UNIVERSITY OF TECHNOLOGY
JORDAN UNIVERSITY
CONVENTION / ACCOMMODATION ZONE
AMENITIES / AMPHITHEATRE
CULTURAL INSTITUTIONS
AREA SUMMARYExisting Area: 45,000 sf5-Year Buildout: 35,000 sfFuture Capacity: 215,000 sf
The Global Entrepreneurship Week
• Cities 4• Activity
Partners 20+
• Activities30+
• Participants 5K
• PR Campaign$50K
• Ad Campaign$75K
Partnerships
Activities
Results
Ranked No. 1 In the MENA
Ranked No.16 Globally
Access to Finance
Over $1 M Raised
Opportunity VC Fund
• Invest in Jordanian startups• Help them grow worldwide
• Identify Diaspora Entrepreneurs• Help them get established in Jordan
Silicon Valley
CompaniesIncubated
70 2,000Jobs
Created
Knowledge-Based
High Value-Added Jobs
Export Oriented
ICT, Clean Tech
If iPARK was a Company, it would’ve been among
the largest 10 companies in Jordan
$100MMarket Value
Summary
Innovation Competitiveness
Need for a National Innovation Policy
Wealth of Research, Analysis and Recommendations
Good Understanding of Challenges and Solutions
Political Well, Resource Allocation and Execution
Success Stories
Future Opportunities
“Investing in Knowledge Pays the Highest Interest”
HRH Princess Sumaya Bint El Hassan,
PresidentEl Hassan Science city
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