Third Queen Rania National Entrepreneurship Competition Winners Announced

| Nov 10, 2008 | comment Leave a comment

QRNEC LogoThe winners of the third annual Queen Rania National Entrepreneurship Competition (QRNEC) were announced just a few days ago in Amman, Jordan.

HRH Princess Sumaya, who was deputising for Her Majesty Queen Rania at the award ceremony, said that Jordan’s large pool of graduates “represents a tremendous value that Jordan creates every year”, and that the participants in this year’s competition represent “job makers rather than job seekers”, adding that their success is “important to Jordan as role models for the next generation of entrepreneurs whom they will inspire, as future employers and as innovators who are solving valuable problems for society”.

The competition, which aims to encourage a business culture among Jordanian youths, focuses on launching new competitive products and services in various technical sectors, including the environment, information, communications, water desalination, energy and agricultural technologies. It also hopes to promote the spirit of creativity and innovation among young people and highlight the significant role citizens play in social and economic development.

In her address, the Princess stressed that Jordan’s human capital is needed at home to build the country’s economy and advance society. “If we are to examine the numbers of Jordanians abroad, we learn that more than 500,000 live in the Gulf states alone, and nearly one million worldwide,” she said, adding that if the figures are examined “on how much it costs Jordan to educate these expatriates, Jordan is in fact a donor to the global economy in the form of billions of dollars worth of human capital”.

Mohammad Gawdat, Google’s MENA Emerging Market managing director, also commended the quality of Jordan’s graduates and human capital, describing them as innovative.
He added that the country’s human capital is well-known at Google for their inventiveness and success. 
“I am responsible for 112 countries in the world; however, I haven’t seen enthusiasm and creativity more than in Jordan,” Gawdat said at the ceremony.

This year marked the first-time participation of Google, which awarded a $10,000 prize for the best online business plan, in addition to providing mentorship through online workshops.

The King Abdullah II Design and Development Bureau also offered a prize for the best security and defence business plan.
Starting with $20,000 in award prizes in 2006, the award has now grown to $70,000 in order to help encourage entrepreneurial initiatives in the Kingdom.

The winners of this year’s award ranged from students to new entrepreneurs. 

The list of the winners is as follows:

Award

Winner

KADDB Award for the Best Defence and Security Business Plan YAMAMA
Google Award for the Best Online Business Plan Populace Ads
First Prize in the Academia category Human Heater
Second Prize in the Academia category JUST TEAM
Third in the Academia category FRIENDS
First Prize in the Mature Entrepreneurs category KEENWASH
Second Prize in the Mature Entrepreneurs category TALASIM
Third Prize in the Mature Entrepreneurs category MIDA
Best Financial Plan Better Care
Best Marketing Plan Advanced Security and Technical Systems
Sign up for StartUpArabia news sent to your inbox:
 
Subscribe: Feed