Our research seeks to deepen understanding of how high-impact entrepreneurs contribute to job creation and long-term economic growth in order to educate key stakeholders in the entrepreneurial ecosystem.
Jordan Business Migration
In a recent survey we conducted at Endeavor Jordan, we asked entrepreneurs the following question: 'If you were starting your business over again, would you set it up in Jordan?' 60%of respondents said they would not.
One of the major challenges we face at Endeavor Jordan is our
pipeline: finding companies that meet the Endeavor selection criteria. Endeavor
looks for high-impact entrepreneurs who lead high-growth, innovative businesses
that can create material wealth and employment in Jordan. We find, quite often,
that the founders of such companies are either in the process of relocating
from Jordan, or have already relocated to markets that are more favorable for
This survey aims to shed light on this topic and help drive a
dialogue between the public and private sector to address the
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Multiplying Impact: Amman's High-Growth ICT Industry
SUMMARY: How Patterns of Mentorship and Reinvestment Accelerate the Development of High-Growth Industries
The development of entrepreneurship ecosystems cannot be judged by the number of startups in the ecosystem, nor are startups the answer for the Middle East’s pressing job crisis. It is the scale-up entrepreneurs that manage to overcome the initial start-up phase hurdles and reach the more challenging phase of scaling their businesses, while demonstrating the potential to be sustainable, that are the driving force of job creation.
“Multiplying Impact: Amman’s High-Growth ICT Industry” is a report by Endeavor Jordan that shares stories of such entrepreneurs whose impact has stretched beyond the success of their own businesses and contributed to the organic growth of a high-impact ICT technology sector in Jordan. These entrepreneurs have enabled next-generation entrepreneurs to succeed in growing and scaling their companies and commercializing their products and services, thus creating jobs, and expanding the economy’s productive potential.
By following the specific patterns of mentorship, investment and serial entrepreneurship activities, these entrepreneurs have helped produce localized ecosystems that are increasingly integrated with, and contribute to, the ever-developing global technology sector network.
The development of the ICT ecosystem in Jordan is also demonstrated through what Endeavor refers to as the “Entrepreneurship Acceleration Cycle”. This pattern has been observed in many successful communities around the world and is comprised of four distinct steps:
Step 1: Ambition
Entrepreneurs seek to build large, scalable businesses in their local communities.
Step 2: Growth
Ambitious founders achieve significant growth at their companies.
Step 3: Commitment
Successful founders choose to stay in the local area and share their resources with the next generation of entrepreneurs.
Step 4: Reinvestment
Successful founders reinvest in other entrepreneurs and businesses.
Click here for the entire report and to read the full stories of Jordan’s high-impact entrepreneurs, and Endeavor Jordan’s recommendations to support the Entrepreneurship Acceleration Cycle at each stage.
To read the report in Arabic, click here.