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Queen Rania National Entrepreneurship Competition (QRNEC)

Queen Rania National Entrepreneurship Competition (QRNEC)

The Queen Rania National Entrepreneurship Competition (QRNEC) provides a platform to increase the interest of Jordanian entrepreneurs, innovators and national institutions in designing a path to achieve a well-developed entrepreneurial eco-system in Jordan. The program strives to advocate entrepreneurial skills as university students and mature entrepreneurs merge their knowledge with their resources along with their competitive drive to create a business plan that is both practical and innovative. This track will focus on an open approach in which the submitted business plans should target challenges in the Jordanian society and provide a technology solutions for those problems. In 2018 we will focus on the ideas of the university students and prestartups. Any university student or a prestartup with an idea that offers a service can join this category.  

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A Glimpse of Queen Rania National Entrepreneurship Competition (QRNEC) 2018

The Queen Rania National Entrepreneurship Competition (QRNEC) provides a platform to increase the interest of Jordanian entrepreneurs, innovators and national institutions in designing a path to achieve a well-developed entrepreneurial eco-system in Jordan.

The program strives to advocate entrepreneurial skills as university students and mature entrepreneurs merge their knowledge with their resources along with their competitive drive to create a business plan that is both practical and innovative. This track will focus on an open approach in which the submitted business plans should target challenges in the Jordanian society and provide a technology solutions for those problems. In 2018 we will focus on the ideas of the university students and prestartups. Any university student or a prestartup with an idea that offers a service can join this category.  

The competition is designed to:

• Create more awareness on potential opportunities/solutions in technology startups and recognize innovative and outstanding technology business ideas, plans and startups especially those that target specific challenges in the Jordanian Society.

• Develop entrepreneurial skills for the competition participants and help them in developing their business plans. The program will assist Jordanian startups to grow and develop their operations, and move the companies to the next level of maturity.

• Foster the entrepreneurial spirit in university technical and business students and graduates, and encourage them to take their projects from the concept level to the implementation level.

 

QRNEC 2018 Awards, Rules and Regulations

WHO CAN APPLY?
 
• University students: students in Jordanian universities or at least the majority of the team are students.*
• Pre-Startups: non-registered ventures with a basic business model or business plan in the ideation phase, with a prototype.*
 
 
i. *If university students would like to participate in the competition using any of their university’s projects, they have to provide a paper stating that their supervising professor approves the usage of their project in the competition. Graduate studies students (M.Sc. & Ph.D) will not considered as universities students. Faculty members can also be part of the team.
ii. If the participants have applied to QRNEC before, they are not allowed to apply again for the same idea; they can only apply for a new different idea.
iii. If the participants have won in another competition or got any investment for the same idea, they are not allowed to apply to QRNEC.
iv. Only groups (not less than 2 team members) will be accepted in QRNEC. Individuals can apply; however, they have to keep in mind that they will not be able to continue participating in the competition unless they team up with other applicants. 
v. At least one of the team members should be Jordanian.
vi. For pre-startups, your age has to be not less than 18 years old.
 
The Awards
 
1. The best three business ideas regardless to their category will be awarded depending on their abilities to continue in the business field. 
2. Each award have to be spent on a company that executes the winning business according to what is mentioned in the business plan and under the supervision of QRCE.
3. All winning teams will be invited to join QRCE’s innovation lab (pre-incubator) in order to further grow their businesses and become the future success stories of Jordan.
4. QRCE has the right to cancel any of the awards if the winning teams don’t show interest in starting the business and executing the business plan.
5. QRCE has the right to withhold the award if none of the applicants were up to the award level (criteria).
6. The delivery method of the awards will be based on QRCE criteria which will be informed to the finalists to ensure maximum commitment.

QRNEC 2018 Partners & Sponsors

QRNEC 2018 APPLY NOW!