USAID launches initiatives to drive growth of ICT sector

AMMAN — Leveraging the recent MENA ICT Forum, USAID’s Jordan Competitiveness Programme (JCP) introduced two important initiatives: the development of angel investing in the Kingdom and the creation of Connect.jo.

During the event, technology experts learned about the new network of angel investors being created to focus on early investing in smaller firms in medical, clean technology and ICT with great growth potential, according to a USAID JCP statement e-mailed to The Jordan Times on Tuesday.  

A “prominent group of women” who are angel investors themselves presented the angel network concept to the forum, explaining how angel investing can lead to rapid market growth and highlighting the importance of women in finance.

The best news for Jordan was summed up by Dubai investor Heather Henyon, the statement said.

“My investment fund found that Jordan has the best ICT start-ups and most creative ideas in the region.”

USAID JCP also launched the Connect.jo network, which is designed to leverage the expertise of Jordan’s professional diaspora in the US.  

“The project brought this technology-focused group together to share their business knowledge, enable students to study abroad, help Jordanian business expand in the US and encourage firms to invest in Jordan,” the USAID JCP said.  

“The group clearly stated their intention to make a difference in Jordan,” with one of its members, Said Al Hallaj, announcing a pilot project that will build 10 innovative solar powered recharging stations for electric cars around Amman. 

The first solar power charging station was inaugurated during the forum at the King Hussein Business Park, according to the statement.

“The USAID JCP project works to drive the growth of private sector firms and create good jobs for Jordanians. One of its focus areas is technology.”