Entrepreneurship Enablement & Development Program (EEDP)
Client: Innovative Startups and SMEs Fund – ISSF
Implementation year: 2020-2022
The $2.5 million program funded by the Innovative Startups and SMEs Fund – ISSF launched in partnership with iPark and ImpactMENA to foster and support young companies on how to develop the capabilities to raise appropriate capital, which will enable to achieve their goals across different stages of development.
The program will target 675 young Jordanian companies that are post ideation stage, and may already have been through an incubator or accelerator, or may just have started operations. The purpose is to deliver them into investible entities of which at least 75 companies will have access to potential direct financial support in the form of “Grants”. The program aims to support the growth of these existing young companies which require specific assistance to become ready / eligible for equity or quasi-equity investments through the ISSF, its partners, its investors, or the open capital and investor market. These young companies will work on growth plans to develop innovative products/solutions, focus increased productivity, or access new markets, and be ready for investment and attracting growth capital.