Dialogue held to accelerate start-ups

AMMAN — TechStars Hub71, in cooperation with the ICT Association of Jordan (Intaj), has held a dialogue session to familiarise  Jordanian startups with the Techstars Hub71 Accelerator Programme.

 Scheduled to launch in Abu Dhabi during the first quarter of 2020, Techstars Hub71 Accelerator Programme offers 10 successful start-ups Arab accelerators' highest level of funding at  $120,000, according to an Intaj statement on Wednesday. 

Techstars Hub71 Accelerator Programme was designed to help startups improve their products in various fields, gain access to customers and receive training, Programme Manager Dania Shahin said in the statement.   

Besides providing funding for startups that are successful in their application, the programme aims to “put successful startups in the fast lane” by accelerating their business models, as well as conveying their ideas to global investors, she added, noting that the Techstars Hub71 is a mentorship-driven accelerator programme.

Expressing trust in Jordanian startups, Vijay Tirathrai, Techstars Hub71 Accelerator managing director, said: “We came to Jordan to meet the largest number of Jordanian companies that have regional growth potential.”

Tirathrai also lauded cooperation among influencers, investors and startups aimed at introducing local entrepreneurs on the global stage, according to the statement.

CEO of INTAJ Nidal Bitar said that the dialogue session falls within the 1000 Entrepreneurs National Initiative, adding that it is part of Intaj's endeavors to create local and global business connections, the statement said.