The Queen Rania National Entrepreneurship Competition, Deadline: 8 October, 2016
The Queen Rania National Entrepreneurship Competition (QRNEC) provides a platform to increase the interest of Jordanian entrepreneurs, innovators and national institutions in designing a path to achieve a well-developed entrepreneurial eco-system in Jordan. The program strives to advocate entrepreneurial skills as university students and mature entrepreneurs merge their knowledge with their resources along with their competitive drive to create a business plan that is both practical and innovative. This track will focus on a new approach “Challenge Track” in which the submitted business plans should target specific challenges in the Jordanian society and provide solutions for those problems. In 2016 we will focus on the ideas of the university students. Any university student with an idea that offers a service can join this category.
The competition is designed to:
• Create more awareness on potential opportunities/solutions in technology startups and recognize innovative and outstanding technology business ideas, plans and startups especially those that target specific challenges in the Jordanian Society.
• Develop entrepreneurial skills for the competition participants and help them in developing their business plans. The program will assist Jordanian startups to grow and develop their operations, and move the companies to the next level of maturity.
• Foster the entrepreneurial spirit in university technical and business students and graduates, and encourage them to take their projects from the concept level to the implementation level.
QRNEC 2016 Challenges
QRNEC 2016 Awards, Rules and Regulation
WHO CAN APPLY?
• University students: students in Jordanian universities or at least the majority of the team are students.*
• Pre-Startups: non-registered ventures with a basic business model or business plan in the ideation phase, with a prototype.
- *If university students would like to participate in the competition using any of their university’s projects, they have to provide a paper stating that their supervising professor approves the usage of their project in the competition. Graduate studies students (M.Sc. & Ph.D) will not considered as universities students. Faculty members can also be part of the team.
- If the participants have applied to QRNEC before, they aren’t allowed to apply again for the same idea; they can only apply for a new different idea.
- If the participants have won in another competition for the same idea, they aren’t allowed to apply to QRNEC.
- Only groups (not less than 3 team members) will be accepted in QRNEC. Individuals can apply; however, they have to keep in mind that they will not be able to continue participating in the competition unless they team up with other applicants.
- At least one of the team members should be Jordanian.
- Your team should apply only to one of the three challenges announced this year; if the idea of your project is not relevant to one of the challenges then it will not be accepted.
AWARDS
1. First place from each challenge will be awarded JD 2,000, second place from each challenge will be awarded JD 1,000 while third place from each challenge will be awarded JD 500.
2. Each award have to be spent on a company that executes the winning business according to what is mentioned in the business plan and under the supervision of QRCE.
3. All winning teams from the three challenges will be invited to join QRCE’s innovation lab (pre-incubator) in order to further grow their businesses and become the future success stories of Jordan.
4. QRCE has the right to cancel any of the awards if the winning teams don’t show interest in starting the business and executing the business plan.
5. QRCE has the right to withhold the award if none of the applicants were up to the award level (criteria).
6. The delivery method of the awards will be based on QRCE criteria which will be informed to the finalists to ensure maximum commitment.
Process & Timeline
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