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

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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