UK backs Jordan entrepreneurs program
Amman, September 12, 2011
The UK Embassy has tied up with Jordanian firm Oasis500 to help the kingdom's entrepreneurs set up their own projects within the ICT, mobile and digital media fields by sponsoring six training waves.
The British Embassy in Jordan will support both idea-stage entrepreneurs and established startups participating in the upcoming 8th through 13th wave of Oasis500’s Training Boot Camp.
It will be sponsoring three waves scheduled to take place in Amman, as well as an additional three to be held in Irbid, Oasis500’s inaugural waves outside of the capital.
An agreement was signed recently in this connection by British Ambassador Peter Millett and Dr Usama Fayyad, executive chairman of Oasis500 - the Mena region’s premier early-stage and seed investment company.
Millett then took part in a roundtable discussion with a group of entrepreneurs from Oasis500’s incubated companies.
On the tieup, the ambassador said, "I have been impressed by Oasis500’s efforts to support startups and help new ideas grow into new jobs for Jordanians."
"The British Embassy is excited by the potential for further growth and delighted to be helping by supporting training waves in both Amman and Irbid as part of the UK’s Arab Partnership Programme," he added.
The Arab Partnership Program Fund is the UK’s initiative to strengthen support to those in the countries of the Mena region seeking more open and plural societies, remarked Dr Fayyad.
One of the AP Program's main objectives is to support local partners in innovative and high-impact projects that widen opportunities for youth employability, said Dr Fayyad, who is also the former executive VP of Yahoo!
On the UK partnership, he said, "Their interaction with our startups represents a unique opportunity for them to understand, first-hand, the potential for cooperation between our startups and companies in the UK."
This partnership, he said, provides training and guidance to over 200 participants throughout the governance and allows Oasis500 to expand its reach to those outside of Amman, providing opportunity for innovation and creativity throughout the Kingdom.-TradeArabia News Service