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الوقائع الإخبارية
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الوقائع الإخبارية

2026-09-27T09:45:00.000Z

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Jordanian Innovation Fund hits $109M target

Jordanian Innovation Fund hits $109M target

The Jordanian Fund for Entrepreneurship report demonstrated that the project successfully exceeded most of its operational and investment goals. It raised approximately $109 million in private capital, surpassing the target of $71.5 million by about 50%, and provided funding to around 180 companies compared to the goal of 150 companies. Additionally, 83 startups received venture capital funding, and 2,624 full-time jobs were created with an average salary equal to 3.5 times the national average. The actual cost of the project amounted to $58.74 million, with contributions from the World Bank and the Central Bank. Overall, the project proved to be successful in supporting innovative small and medium-sized enterprises and in promoting private sector financing in Jordan.

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