Innovation week, iPark Jordan technology hub

El Hassan Science City

Founded in 1991, PSUT is a university offering degree

programs in ICT, Engineering, Business and

Entrepreneurship.

Founded in 1970, RSS is the largest applied research

institution in Jordan with focus on scientific research

as well as commercial activities such as testing,

training, and certification.

Established in 1987, HCST is a policy making government body

responsible for building a science and technology base

in support of national development priorities.

El Hassan Science City Campus, Amman

Princess Sumaya University of Technology

The Royal Scientific Society

The Higher Council of Science & Technology

iPARK

Established in 2003 to support the innovator and the entrepreneur. iPARK

established: • iPark incubator

• Queen Rania Center of Entrepreneurship

• IP Commercialization Office

• Bedaya Angel Investor Network

Higher Council of Science and Technology, the national umbrella for all science & technology activities in Jordan

• increasing awareness of the significance of scientific research and development

• granting the necessary funding

• directing scientific and research activities, within national priorities, in line with development orientations (adjusted Delphi methodology to set national priorities)

Incubator

Incubation Services

Entrepreneurship Development

Intellectual Property

Investment Facilitation

With so many gaps in the Jordanian Ecosystem, the talk of a national

innovation ecosystem was premature in 2003

iPARK sought to create an innovation and entrepreneurship enabling micro-

environment, bringing together capital, talent and support within a single

integrated network

Incubator

Incubation Services

Entrepreneurship Development

Intellectual Property

Investment Facilitation

Established in 2003

Supported by the Higher Council for Science and Technology (HCST)

Owned by Royal Scientific Society (RSS)

Located at El Hassan Science City Campus (EHSC)

Branching out to King Hussein Business Park (KHBP)

Technology focused (ICT, Cleantech, Healthcare, Biotech … etc)

Incubator

Dedicated space

Logistical Services

Shared facilities

Strategic support

Interaction & networking

Incubator

Incubator

Companies incubated Jobs created

If iPARK were a company, it would have been among the

largest 10 companies in Jordan

Export products & services

More than More than More than

Incubator

Incubator

Incubation Services

Entrepreneurship Development

Intellectual Property

Investment Facilitation

Awareness Capacity Building

Recognition &

AwardsNetworking

People participated in general & special

networking activities

People participated in Boot camps, Training

Workshops & Mentoring programs

Startups & Projects supported & recognized

More than More than More than

Incubator

Incubation Services

Entrepreneurship Development

Intellectual Property

Investment Facilitation

High chances of finding “smart money” Reduce risk and manage expectations

Investment-ready applications

Local matchmaking events

More than

More than

Regional tours: Jordan, Palestine, Lebanon, KSA, UAE, Morocco, Tunisia,

Egypt

First round investments for local and regional deals

More than

Institutional and angel investors

Incubator

Incubation Services

Entrepreneurship Development

Intellectual Property

Investment Facilitation

Offices with major IP and innovation stakeholders

Support and consultations to other countries in the

region

IP assets handled and evaluated

More than More than

SMEs supported through IP and Commercialization

Services

More than

capability and knowhow to support entrepreneurship

entrepreneurship support outside the Capital

entrepreneurship support outside the ICT sector

supportive IP and innovation policies within universities

clear deal flow to support decision making

linkages between the innovation outcomes and global networks

Based on existing knowhow, develop an incubation model that may be nationally replicated and expanded

Support more innovation and commercialization in Jordan with focus on Value Creation

An Interesting Commercialization ModelV

alu

e C

reat

ion Innovate

towards a new product/service

Val

ue

Cap

ture Receive reward

through an Innovative business model

S. Michel, Harvard Business Review Oct 2014

3/6/2015 20Dr Mohammed Aljafari, [email protected]

Example of IPCO Portfolio DevelopmentIP

Bas

ed

Prior art

Drafting

Registration

Translation

Val

ue

Bas

ed

Commercialization

IP management

Matchmaking

Investment advisory

3/6/2015 21Dr Mohammed Aljafari, [email protected]

Expanding the Scope IPCO Services

Researcher Services

Business Services

Investor Services

Inventor Services

Institution Services

3/6/2015 22Dr Mohammed Aljafari, [email protected]

Example: Standard Technology Report P

art

1: V

alu

e C

reat

ion Technology

Readiness

Protection Outlook

Technology Transfer Dossier Content

Par

t 2

: Val

ue

Cap

ture Spin-out

Assessment

Technology-Transfer Assessment

Par

t 3

: Op

inio

ns SWOT Analysis

Roadmap to Commercialization

Recommendations

3/6/2015 23Dr Mohammed Aljafari, [email protected]

Conclusion

Tackling in incomplete innovation ecosystem must take a holistic approach, tacking one blockage may create no impact at all

Creation of a “micro-environment” innovation ecosystem can provide significant impact on a national scale

A micro-environment can be a nucleus for a national functioning innovation ecosystem

3/6/2015 24Dr Mohammed Aljafari, [email protected]