Jordan’s Royal Scientific Society (RSS) has signed a series of Memorandums of Understanding with five Jordanian universities and fintech company Dinarak to enhance the kingdom’s innovation and entrepreneurship sector. The agreements focus on creating strategic partnerships to support students and local community members in developing their entrepreneurial skills and launching new ventures.
Quick Facts
- MoUs signed by the Royal Scientific Society.
- Partners include five universities and fintech firm Dinarak.
- Aimed at fostering SME creation and economic growth.
- Initiative driven by the national “Irada” program.
A Strategic Push for Homegrown Talent
The agreements bring together the RSS with the University of Science and Technology, Mutah University, Tafila Technical University, Al-Balqa Applied University, and Zarqa University, alongside the financial services company Dinarak. The core objective is to upgrade the skills of students and citizens in innovation and creativity, providing a clear pathway for them to establish small and medium-sized enterprises.
The MoUs were signed by Raafat Assi, Vice President of the RSS, and representatives from the participating institutions, including Dr. Imad Al-Ayyoun, CEO of Dinarak. The collaboration aims to directly contribute to Jordan’s economic development by improving income levels and living standards for new entrepreneurs.
The ‘Irada’ Program Driving the Initiative
This series of partnerships operates under the umbrella of the “Irada” program. The program’s innovation component seeks to build a strong entrepreneurial culture within local communities. It provides a supportive environment for early-stage projects, helping founders transform their ideas into viable and sustainable businesses.
Support provided through the program includes organizing hackathons, offering essential advisory services, and assisting with patent registration, trademarking, and technical compliance. The goal is to incubate promising projects from university students and the wider community, turning them into engines for economic growth.
The initiative is aligned with Jordan’s Economic Modernization Vision, directly addressing national priorities like reducing poverty and unemployment by fostering a more dynamic and self-sufficient local economy.
About The Irada Program
The “Irada” program is a national government initiative launched and owned by Jordan’s Ministry of Planning and International Cooperation. It is managed and implemented by the Royal Scientific Society, a leading Jordanian institution in applied scientific research and consulting. The program aims to empower all members of Jordanian society by providing training, technical support, and advisory services. Through its 27 centers across the kingdom, Irada helps turn promising ideas into productive, sustainable businesses.
Source: Petra News Agency
