Press Release — In preparation to select new
joiners, 10 startups scored the highest in the initial evaluation to join the
second cohort of the Orange AI Incubator from 62 projects that applied, Orange
Jordan said in a statement.
اضافة اعلان
Now, seven startups will be chosen to start their journey
at the incubator, an initiative co-funded by Orange Jordan, and the
Innovative Startups and SMEs Fund (ISSF), and co-designed by Princess Sumaya University
for Technology (PSUT).
“The AI jury comprises members of Orange Jordan’s
upper management, ISSF, and PSUT, the Information and Communications Technology
Association of Jordan (intaj),” according to the statement.
Orange Jordan said it affirmed the incubator’s “key
role in supporting AI-based startups in the idea-development stage by
up-skilling entrepreneurs in AI and enabling them to develop their
products/services, in addition to networking with investors, those interested
and the entrepreneurship ecosystem at large, to enhance their growth and
opportunities to get investment funds”.
The company said that welcoming the incubator’s
second cohort “falls under
Orange Jordan’s commitment as a responsible digital
leader to supporting entrepreneurship, especially projects that seize new
digital potential, and empowering youth to help them grow tech-based innovative
solutions that contribute to socioeconomic progress”.
The incubator’s one-year program consists of three
stages: the first is four months of improving basic technical skills such as
AI-related coding, machine learning, and data science, and the second is the
two-month interactive stage of using AI in product development covering
prototypes and testing, the third is six months of working with the other
joiners to expand their network in the market and with investors.
The ISSF “aims to create a vital and sustainable
environment for creative entrepreneurs with a passion for transforming their
innovative projects into startups in cooperation with local partners, including
the Orange AI Incubator, to create job opportunities for Jordanians,” the statement
said.
It said the fund also provides various financing tools to
support the growth of entrepreneurial projects through direct investment,
establishing new investment funds, or contributing to existing funds. The ISSF
seeks to invest in several sectors, such as technology, media, communications,
renewable energy, water, services, agribusiness, and pharmaceuticals start-up.
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