Estarta PSS Department’s Training Program: Fueling Tomorrow’s Tech Talent

Estarta Training Program

Estarta is vastly known for its well-rounded training programs offered by “Estarta Training Academy”. Playing a major role in developing and guiding future IT talent, the company hosted a comprehensive training program for UJ students last month.

Delivered by several domain experts from the PSS (Professional Services and Solutions) department, the program was designed to specifically cover the main processes of software development and engineering.

Lasting nearly a month, this initiative aimed to equip UJ students with valuable insights and skills that are integral to the ICT sector and the digital transformation process as well.

Estarta Professional Services and Solutions

Estarta’s PSS department acts as the backbone for many of the company’s offerings. Prominent organizations turn to Estarta for outsourcing their software projects, making this department a key contributor in the organization’s success journey.

PSS Training Program: September Batch

Estarta is always keen on bridging the gap between academia and practicing professionals.

Students in this batch were introduced to a variety of important areas that make up the basis of Estarta’s operations during the first two weeks of the program:

Introduction: What is Estarta?

For the introductory segment of the course, the program’s structure and the ethos of Estarta were highlighted to the students.

In addition, they had a glimpse of how they would delve into the technicalities of software development, discovering its purposes and deliverables! So, what was covered?

Project Management and Agile Project Management

This bit covered both conventional project management and agile approaches and elements, which are key to successful project execution.

Product Management and Business Analysis

Students got to gain an overview of the product management cycle and tactics, as well as the critical function of business analysis.

User Experience and  User Interface

This program’s chapter underscored the value of building easy-to-use interfaces and modern user experiences. It was made clear that one should never underestimate the power of an aesthetic design that fulfills the specific needs of the application users!

Quality Management and Testing

For this part of the course, quality concepts were put into practical terms to maintain high standards of delivery. Testing processes and the related types, categories, and procedures were taught to students.

Programming and Databases

Last but not least, the foundations of programming, databases, and related concepts were analyzed.

PSS Training Program at a Glance

Week One

On September 13th, the program began with a lively introductory day designed to break the ice and introduce everyone to the training setup. The importance of software deliverables and documentation, as well as the phases, functions, and processes of the Software Development Life Cycle (SDLC), were all covered in depth by the program.

The emphasis then switched to project management and agility, including methods for project management, risk management, progress tracking and reporting, and a dive into agile methodologies like Scrum by experienced, long-practicing project managers.

Week Two

By the second week, the students dove into business analysis and product management. This involved grasping product roadmaps and backlogs, setting priorities, outlining demands, and managing stakeholders. These competencies are essential to Estarta’s product-centric strategy.

After that, they addressed the fundamentals of User Interface (UI) and User Experience (UX), introducing design thinking, UI/UX terminologies, and stressing the significance of research, ideation, and prototyping in producing top-notch user interfaces.

The focus shifted to Quality and Testing, which educated students on software quality assurance, testing life cycles, different testing types, and bug management. It is important to note that these are all crucial components in providing clients with high-quality solutions.

The following lesson was devoted to programming; this section covered all the basics of programming paradigms, object-oriented programming, APIs, data structures, and databases. A full day was dedicated to covering databases in depth, including data types, syntax, operators, expressions, joins, comments, functions, and queries.

A Successful End to the Program

As the program came to a close, students explored development frameworks and concepts from experienced developers who put specific frontend and backend technologies, languages, platforms, etc., into practical contexts.

Along with learning important information, these students got to know what it’s like to work in the PSS department at Estarta as the weeks went on. The knowledge they picked up here will surely put them on the road to success and may even enable them to contribute to the future of outsourcing in the tech sector.

Orange Jordan celebrates Orange Radio’s 13th anniversary

 Orange Jordan celebrated the 13th anniversary of the launch of Orange Radio, an interactive digital internal communication channel that engages employees and presents them with an episode every Thursday in a live broadcast that features a variety of topics including top updates, news, and expert advice in several fields, as well as fun competitions and events.

As an integrated digital channel, Orange Radio ensures a two-way communication by connecting with employees across the Kingdom, listening to their voices, and providing them with content that interests them, including business updates, wellbeing related tips, and topics at the core of life.

Orange Radio is the number one effective communication channel between management and employees. The CEO, members of the executive committee, and other directors and managers appear from time to time on the show to share news, answer questions, and discuss upcoming initiatives or updates transparently. Orange Radio also hosts senior management teams from Orange Africa and the Middle East, as well as Orange Global Group, when they visit Orange Jordan. These episodes are broadcast to all Orange Group employees.

Orange Radio recently broadcasted a special episode in Arabic titled “MENA wa Fina” for Orange Africa and Middle East employees in Tunisia, Morocco, and Egypt, as well as Jordan, witnessing remarkable participation and high interaction.

Marking its 13th anniversary, Orange Radio broadcasted a special episode that highlighted its key milestones, memorable moments, and happy occasions involving employees and their families. The episode also showcased Orange Radio’s remarkable transformation from an audio to a visual broadcast, which employees can now watch and interact with live from anywhere through phone calls, SMS, WhatsApp messages, and Orange Radio’s social media.

Employees Relations & Internal Communication Director at Orange Jordan, Maysoon Al Booz, affirmed the important role of Orange Radio in internal communication, which always seeks to anticipate employees’ aspirations and keep them informed. She pointed out that Orange Radio’s success came as a result of its keenness to ensure interactive communication with employees throughout the Kingdom in its engaging episodes, as well as sharing the most special moments with them by celebrating various occasions.

Chief Legal, Regulatory, Sourcing, Supply Chain, and Human Resources Officer at Orange Jordan, Dr. Ibrahim Harb, congratulated all employees on the 13th anniversary of Orange Radio and its impressive achievements throughout the years. He noted that the radio is a vital internal communication channel in the company and that it plays an important role in sharing special occasions with the employees and their families, such as special episodes for the month of Ramadan.

Dr. Harb also highlighted Orange Radio’s continuous efforts to grow and provide the best, a quest that distinguishes both internal communication strategy and company culture at Orange Jordan.

3 innovative projects win the local Orange Social Venture Prize

Orange Jordan announced the three winners in the seventh local edition of the Orange Social Venture Prize (OSVP 2023), recognizing innovative projects with a sustainable social and environmental impact in various fields, such as health, agriculture, education, energy, trade, and industry.

 

For Talent Space, Muhannad Alsouqi won first place with a prize of JD 5,000, for Jusoor Labs, Tawfiq Qaffaf won second place with a prize of JD 3,000, and for Smart WTI Heba Asaad won third place with a prize of JD 2,000. The finalists, qualifying from 97 applicants, were evaluated by a jury of experts in entrepreneurship and technology before the winners’ announcement.

 

The winners of the local Orange Social Venture Prize get to compete in the international edition of OSVP, where the first prize is €25,000, the second prize is €15,000, the third prize is €10,000, and there is also a €20,000 award for projects founded by women.

 

Orange Jordan CEO, Philippe Mansour, emphasized the importance of the Orange Social Venture Prize in supporting projects that provide solutions to environmental and social challenges, especially climate change. He also expressed his pride in the Jordanian startup iROLE, which won the €20,000 Women’s Prize in the international edition of the award last year.

 

Chief Corporate Communications and Sustainability Officer at Orange Jordan, Engineer Rana Al Dababneh, congratulated the winners of the seventh local edition of OSVP, which embodies Orange’s commitment to supporting innovation, wishing them success in the international competition. She also highlighted the importance of OSVP in supporting prototypes and growth-stage startups with environmental or societal impact to attract investors and achieve a real impact with their innovations.

 

Al Dababneh thanked all the participants for taking the initiative in using technology to create innovations that improve people’s lives and contribute to development. She also thanked the jury members for their support of the entrepreneurial ecosystem, noting that entrepreneurship is a main pillar of Orange Jordan’s social responsibility strategy and a driver of economic growth.

 

Orange Jordan encouraged the seven finalists to continue their entrepreneurial journey and participate in next year’s edition of the prize. The finalists were Reem Al-Smeirat for Womotive, Jasser Al-Harasis for Robotna, Ziad Abu Ayyash for Sannula, Bayan Al-Abdallat for Adadk, and Faisal Al-Armouti for DoorBox, Yazan Tadros for Math Mania, and Majdi Al-Qudah for O2 Dive Experience.

 

This year’s local OSVP jury comprised the CEO of Information and Communications Technology Association – Jordan (int@j), Eng. Nidal Bitar, Managing Partner at Amam Ventures, Fida Taher, CEO of Injaz, Deema Bibi, CEO of Education for Employment– Jordan, Ghadeer Khuffash, Regional Director and Head of Programs at Ruwwad Al Tanmeya, Samar Dudin, Director of Innovation and Entrepreneurship Center at the University of Jordan, Dr. Yazan Al Zain, and Chief Corporate Communication and Sustainability Officer at Orange Jordan, Eng. Rana Al Dababneh.

أمنية تحصد جائزة المباني المهيأة للأشخاص ذوي الاعاقة عن الفئة الفضية

 أعلن الأسبوع المنصرم عن فوز معرض شركة أمنية في منطقة البتراوي في محافظة الزرقاء بجائزة المباني المهيأة للأشخاص ذوي الإعاقة بدورتها الأولى للعام الحالي 2023 عن الفئة الفضية، وذلك خلال حفل رسمي أقيم تحت رعاية سمو الأمير مرعد بن رعد، كبير الأمناء، رئيس المجلس الأعلى لحقوق الأشخاص ذوي الإعاقة، وبحضور سمو الأميرة دينا مرعد، ووزيرة النقل وسام التهتموني ووزيرة التنمية الاجتماعية وفاء بني مصطفى.

وجاء فوز معرض البتراوي في محافظة الزرقاء تقديراً لجهود أمنية في توفير بيئة مثالية وصديقة لعملائها من ذوي الإعاقة، حيث عملت الشركة بدءاً من العام الماضي وبالتعاون مع المجلس الأعلى لحقوق الأشخاص ذوي الاعاقة على إعادة تصميم 16 معرضاً من 46 معرض منتشر في جميع أنحاء المملكة، حيث تم وضع منحدرات مع ملصقات تحذيرية، وتخصيص مساحة داخل المعرض لمستخدمي الكراسي المتحركة مع ملصقات إرشادية على الأرض، وتخصيص مكتب خاص للتواصل مع الأشخاص ذوي الإعاقة، وتضمين رمز خاص على جهاز الدور بالإعاقة، وتخصيص مؤشرات أرضية لاستدلال الأشخاص المكفوفين، بالإضافة إلى توفيرها مواقف مخصصة للأشخاص ذوي الإعاقة.

كما تعاقدت أمنية مع مؤسسة متخصصة بترجمة لغة الإشارة “مارثا” لتوفير ترجمة مباشرة للعملاء الصم، بالإضافة إلى تسجيل عدد من مقاطع الفيديو الدعائية بلغة الإشارة، وتدريب موظفي المعارض على التعامل مع العملاء ذوي الإعاقة، وتخصيص أجهزة لوحية في جميع المعارض للترجمة الحيّة للغة الإشارة.

وفي تعليقه على هذا التكريم، قال الرئيس التنفيذي لشركة أمنية، فيصل قمحيه “فخورون بفوزنا بهذه الجائزة التي تعكس التزامنا بتوفير بيئة ملائمة ومرنة للأشخاص ذوي الإعاقة، خاصة وإننا من أشد المؤمنين بضرورة دمج الأشخاص ذوي الإعاقة وبأحقيتهم في الوصول إلى جميع الخدمات والمنتجات المقدمة لهم”.

وأضاف قمحيه “سنواصل العمل على تطوير بيئة معارضنا لتكون أكثر يسراً ومرونة، ونسعى لتحقيق المزيد من التقدم في مجال إدماج الأشخاص ذوي الإعاقة المجتمع تنفيذاً لاستراتيجية المسؤولية الاجتماعية لشركتنا المنسجمة وأهداف التنمية المستدامة”.

من جانبه، هنأ أمين عام المجلس الأعلى لحقوق الأشخاص ذوي الإعاقة، الدكتور مهند العزة، شركة أمنية على فوزها بجائزة المباني المهيأة للأشخاص ذوي الإعاقة، مؤكداً أن هذا الفوز يعكس التزام الشركة الحقيقي بتوفير بيئة صديقة ومرنة للأشخاص ذوي الإعاقة.

وأعرب العزة عن أمله في أن تحذو بقية الشركات الوطنية حذو شركة أمنية في إعادة تصميم منشآتها لتكون صديقة للأشخاص ذوي الإعاقة، وبما يسهم في تمكينهم من المشاركة الكاملة والفاعلة في المجتمع.

كما تجدر الإشارة إلى أن شركة أمنية أطلقت في وقت سابق هذا العام تطبيق مكالمات الطوارئ المجاني خط 114 لمشتركيها من ذوي الإعاقة السمعية بالتعاون مع مديرية الأمن العام وهيئة تنظيم الاتصالات، حيث يتيح التطبيق الجديد للمشتركين من ذوي الاعاقة السمعية إجراء اتصالات فيديوية مجانية مع مختصين داخل مركز القيادة والسيطرة ممن تم تدريبهم على التواصل بلغة الإشارة للإجابة على استفساراتهم والحصول على الدعم والمساعدة في حالات الطوارئ.

UJ Training Graduation Ceremony

In partnership with the University of Jordan (UJ), Estarta launched its CCNA (Cisco Certified Network Associate) networking and software development training courses last month. With that said, the course’s conclusion was celebrated on Thursday!

What is the Estarta Training Academy?

The “Estarta Training Academy” at Estarta is highly recognized for its comprehensive training programs. Through this particular program, the company underscored itself as a significant player in cultivating and directing future IT talent in Jordan.

Our success at the Estarta Training Academy depends on the achievements of our students. The brightest students who complete our training programs are given the chance to pursue careers at Estarta, resulting in a win-win situation for both the firm and the students while also strengthening the resource base at Estarta and in the markets where we do business.

UJ Training Program

This program, which was held under the guidance of the Training Academy, is expected to have a significant effect on the students at the King Abdullah II School of Information Technology (KASIT). This program, which included CCNA networking and software development in its curriculum, has the potential to revolutionize the way that technology is taught!

CCNA Networking and Software Development: The Focus

The networking and software development topics covered by the UJ Training Program are two crucial components of the tech sector. These are not merely academic specialties; they are also entryways to a wide range of fascinating job prospects.

The CCNA Networking course went deeply into networking and gave students the ability to understand both the basics and the complexities of network infrastructure. Precision and competence are essential in this industry, and Estarta is dedicated to giving students the tools they need to succeed.

Innovators of Tomorrow

The driving force behind innumerable technological advancements in today’s digital world is software development. Students were given the tools they need to learn about software engineering, development, and coding through this program. In other words, it was a chance to turn original concepts into useful software.

Grand Finale: Graduation Ceremony

The course’s conclusion was celebrated last Thursday, and students who completed it received certificates to commemorate their efforts and achievements. Congratulations to all the graduates!

We at Estarta are quite proud to see these intelligent, competent individuals. It demonstrates how much room there is for homegrown, local talent. Last but not least, to successfully complete such a challenging course is incredibly commendable and no minor accomplishment.

PROTECH Receives Veeam Software Competency Partner Certification in Ransomware and Disaster Recovery, a First in Jordan

PROTECH & Veeam . Top-tier

PROTECH is proud to announce that we have successfully achieved the esteemed Veeam Software Competency Partner Certification in Ransomware and Disaster Recovery.

We are honored to be the exclusive company in Jordan to receive this certificate

Our expertise and proven track record in safeguarding and restoring your data in the face of potential threats have been acknowledged by Veeam.

This certification will added value to our customers by further enhancing our ability to provide top-notch solutions and support in the critical areas of data protection and recovery.

We look forward to continuing our journey together with Veeam Software in delivering peace of mind and resilience to our valued clients.

Orange Jordan sponsors The Future of Media and Communication Forum

Orange Jordan sponsored the three-day “Future of Media and Communication” forum, organized by the Center for the Protection and Freedom of Journalists at the Royal Hotel to provide a platform for Arab and international speakers, media professionals, experts, and activists from civil society institutions to discuss the future of media and communication.

Alongside the sponsorship, Orange Jordan participated in the discussion sessions and the company’s employees attended the forum.

The forum featured 22 specialized sessions that explored the challenges facing the media in the age of rapid technological advancement, with a focus on the integration of technology, social media, and artificial intelligence into media to promote development and ensure transparency and professionalism.

As a leader in the digital sector, Orange Jordan participation in the forum included  a speech given by Husam Hourani, the company’s Director of Education, in a session on artificial intelligence and media. He focused on the opportunities and challenges that artificial intelligence presents, and the need for media professionals and institutions to develop the knowledge and skills to use it effectively.

Orange Jordan was also keen on the participation of its employees in the forum, as it provides a valuable opportunity to learn from expert speakers and gain a deeper understanding of the role of digital solutions in developing media work and its relationship to social media.

Commenting on the forum, Orange Jordan affirmed: “As a responsible digital leader, we are committed to supporting initiatives and events that promote constructive dialogue and pave the way for a digital future in which we can all advance by using modern technologies in a responsible and purposeful manner. We believe that the media sector is an integral part of these efforts, and we are working to support and enable media professionals to anticipate and adopt technology to serve the message of media and sustainable development”.

Orange Jordan also noted that while there has been much discussion about the risks of artificial intelligence, it is important to highlight the power of technology in innovation and progress, and the opportunities it offers. The company added that it is working to raise awareness of the responsible use of AI throughout Jordan.

البنك الأهلي الأردني يفوز بجائزة أفضل بنك للمسؤولية المجتمعية للمؤسسات العربية

 أعلن البنك الأهلي الأردني عن فوزه بجائزة “أفضل بنك للمسؤولية المجتمعية للمؤسسات العربية للعام 2023” ، والتي تنظمها الشبكة العربية للمسؤولية الاجتماعية للمؤسسات – “منصة جوائز الاستدامة الرائدة في منطقة الشرق الأوسط و شمال إفريقيا”، وذلك من خلال حفل التكريم السنوي للمؤسسات الفائزة والذي أقيم في دولة الإمارات العربية المتحدة، حيث حصل البنك الأهلي الأردني على المركز الأول عن فئة الخدمات المالية وذلك لالتزامه بتحــقيــق الاستدامة المؤسسية وتقديراً لجهوده في تحقيق التنمية المستدامة في المنطقة العربية. عدا عن تعزيزه لممارسات المسؤولية المجتمعية كونه نموذجاً يحتذى به في الأعمال والمسؤولية المجتمعية .
وتعليقاً على ذلك صرح الرئيس التنفيذي /المدير العام للبنك الأهلي الأردني الدكتور أحمد الحسين قائلاً: نحن فخورون بحصولنا على هذه الجائزة والتي حققناها من خلال العمل الجاد والالتزام بالعوامل البيئية والاجتماعية والحوكمة وذلك من خلال التركيز على تحسين تجربة العملاء وتقديم مبادرات الاستدامة والتصدي للقضايا الحيوية وقد أحدثنا تأثيراً كبيراً من خلال استخدام المنصات الرقمية، وتقديم منتجات وخدمات مبتكرة تساهم في تحسين البيئة بالاضافة إلى التزامنا الراسخ بالازدهار المشترك والمساواة بين الجنسين ودعم الشراكات المحلية.

“الترقيم الأردنية” تسهم بتعزيز تنافسية الشركات الصناعية والتجارية

أكد المدير التنفيذي للمؤسسة الأردنية لتطوير المشاريع الاقتصادية عبد الفتاح الكايد، أن شركة هيئة الترقيم الأردنية المملوكة للمؤسسة تدعم الشركات الصناعية والتجارية لمواكبة التكنولوجيا والتحول الرقمي لتعزيز منافستها في الأسواق المحلية والخارجية.

وقال الكايد، خلال رعايته احتفالية نظمتها شركة هيئة الترقيم الأردنية، أمس، بمرور 25 عاما على تأسسيها “إن الهيئة تعد قصة نجاح يحتذى بها؛ إذ أسهمت في تطوير وتحديث المنتجات عبر إدخال الترقيم والترميز لمختلف السلع بباركود أردني لتسهيل عمليات البيع والشراء”.

وأكد الكايد، مندوبا عن وزير الصناعة والتجارة والتموين يوسف الشمالي، أن شركة هيئة الترقيم الأردنية التي أسستها المؤسسة الأردنية لتطوير المشاريع الاقتصادية العام 1998 تسجد الشراكة الحقيقية بين القطاعين العام والخاص في وضع أهدافها وخطط عملها من هيئة مديرين معظمها من القطاع الخاص، الأمر الذي انعكس على خدماتها وآليات عملها مع الشركات الصناعية والتجارية.

وأوضح أن المؤسسة الأردنية لتطوير المشاريع الاقتصادية تقدم الدعم  المتواصل للهيئة لتطوير خدماتها وبما يتواءم مع متطلبات رؤية التحديث الاقتصادي لتلبية متطلبات الصناعيين والتجاريين لمواكبة التطورات المتعلقة بالتكنولوجيا والتحول الرقمي.

وأكد المدير التنفيذي لشركة هيئة الترقيم الأردنية محمد زوانة، أن الشركة تسعى، من خلال خدماتها، الى تلبية حاجة الشركات الصناعية والتجارية، خصوصا في ظل التسارع الحاصل على الساحة محليا أو دوليا.

وأوضح زوانة، أن شركة “الترقيم” تمنح أرقام باركود لمنتجات الشركات، إضافة الى العديد من الخدمات، كخدمة تقديم الدعم الفني والاستشارات للشركات الراغبة بتطبيق معايير “ال جي اس ون”.

وقال نائب رئيس هيئة المديرين في شركة هيئة الترقيم الأردنية د.فادي الأطرش “اليوم نحتفل باليوبيل الفضي على تأسيس الهيئة كهيئة، وهي مسؤولة عن إدارة العمليات كافة المتعلقة بتعريف وترميز السلع حسب المعايير والقوانين العالمية”.

وأكد الأطرش أهمية الدور الذي تقوم به الشركة في تسهيل عمليات تبادل المعلومات والعمليات التجارية، وتتبع حركة السلع، والتأكد من منشئها، مما يسهم من رفع كفاءة العمل، والتوزيع والانتشار، من خلال تطبيقات الباركود والتجارة الإلكترونية.

وبما يتعلق بالدواء والرعاية الصحية، أشار الأطرش الى الدعم والتعاون المستمر والمتواصل مع المؤسسة العامة للغذاء والدواء التي وضعت وطورت المعايير المتعلقة بالبار الكود والترميز لتضمن دواء آمنا للمريض والمواطن.

وخلال الاحتفالية، كرم رئيس هيئة المديرين أحمد الطراونة، الشركات الأعضاء المسجلة بعضوية شركة هيئة الترقيم الأردنية منذ أكثر من 25 عاما.

وعلى هامش الاحتفالية، تم عقد جلستين تضمنتا تطور شركة هيئة الترقيم الأردنية خلال مسيرة 25 عاما ورؤيتها المستقبلية والفرص المتاحة، إضافة الى جلسة عرضت قصص نجاح ملهمة لشركات أردنية عملت على تطبيق المعايير العالمية في القطاعات الصناعية والتجارية.

وتعد “هيئة الترقيم” شركة مملوكة للمؤسسة الأردنية لتطوير المشاريع الاقتصادية (جيدكو)، وعضوا في المنظمة العالمية (جي إس ون)، إلى جانب 116 هيئة ترقيم من مختلف دول العالم، وتقدم خدماتها لأكثر من 3300 شركة، فيما تدير جميع العمليات المتعلقة بتعريف وترميز السلع والخدمات والأماكن وغيرها من مكونات سلاسل التزويد، حسب المواصفات والمعايير العالمية، لغايات تسهيل تبادل المعلومات التجارية المتعلقة بحركة السلع والخدمات بين مختلف الأطراف التجارية، ورفع كفاءة العمل في الإنتاج والبيع والتوزيع باستخدام وسائل تكنولوجية من خلال تطبيقات “الباركود” والتجارة الإلكترونية.

JoPACC through JOIN Fincubator Opens Applications for the First “Supply Chain Finance Corporate Challenge.”

The Jordan Payments and Clearing Company “JoPACC” through JOIN Fincubator, announced the opening of applications for the first-ever “Supply Chain Finance Corporate Challenge”. This challenge is supported by the German Agency for International Cooperation (GIZ) and aims to find innovative solutions to the supply chain finance problems in Jordan. The challenge also seeks to provide financial solutions and strategic approaches to improve the seamless flow of funds, increase working capital, reduce financing costs, and enhance the overall operational efficiency within the supply chain network.

More specifically, this first-of-its-kind challenge in the Kingdom, focuses on Supply Chain Finance through “Reverse Factoring” and aims to introduce a “Proof of Concept” (POC) for innovative financial services applicable in commercial and/or Islamic banks. “Reverse Factoring” is a form of business financing that improves the cash flow for suppliers, allowing the supplier (the finance recipient) to obtain immediate short-term instant cash credit in exchange for submitting their invoices as collateral for financing. Reverse Factoring is done in exchange for a pre-determined discount fee (service fee) or an interest rate determined by the financing institution. This process also allows the buyer to receive extended payment periods for their outstanding invoices, reducing credit risks for financers in general.

The “Supply Chain Finance Corporate Challenge” will involve two phases: the first phase is to open applications for one month from the announcement date of the challenge. Within this initial phase, an induction workshop will be held for participating companies in the competition to provide them with information and the terms and conditions related to the challenge.  Then, participants will present their business models to a qualified jury panel to select the best ones and qualify participants for the second phase. The second phase will focus on finalizing each qualified company’s “Proof of Concept” (POC) and thoroughly inspecting their business models, to finally announce the winner during the final “Demo Day”. Moving forward, the winning company’s POC will then be implemented within 60 days of announcing the qualified companies.

The “Supply Chain Finance Corporate Challenge” sets the following eligibility criteria for accepting applications from companies interested in participating:

  • Companies registered in Jordan with a working product, and the company should not be the reseller or the solution distributor.
  • Companies not registered in Jordan, but one of the founders is Jordanian (must register the company in Jordan within 60 days of announcing qualified companies)
  • Non-registered Jordanian startups with a working Minimal Viable Product (MVP) (must be able to implement the POC and register the company in Jordan within 60 days of announcing qualified companies)

JoPACC’s objective, through this challenge, is to transform Jordan into a pivotal point for pioneering technological innovations that have a positive impact on the Kingdom, and the neighboring region while also facilitating their expansion into global markets.

To learn more and apply: Supply Chain Finance Challenge (joinfincubator.com)