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Jordan Enterprise Development Corporation

Jordan Enterprise Development Corporation. A Tool to Develop Private Sector SMEs. Corporate Governance. JEDCO is overseen by a Board headed by H.E. Minister of Industry and Trade and is comprised from 6 representative of the public Sector and 10 representatives of the private sector.

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Jordan Enterprise Development Corporation

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  1. Jordan Enterprise Development Corporation A Tool to Develop Private Sector SMEs

  2. Corporate Governance • JEDCO is overseen by a Board headed by H.E. Minister of Industry and Trade and is comprised from 6 representative of the public Sector and 10 representatives of the private sector.

  3. JEDCO Programmes • Jordan Upgrading and Modernisation Programme (JUMP I). • Support to Enterprise & Export Development Programme (SEEDP / JUMP II) • Jordan Services Modernisation Programme (JSMP). • Jordan Services Modernisation Programme (JSMPII). • Export Promotion Programme. • Entrepreneurship and innovation Program (JIC Network) • Financial Tools Financial Tools JUMP / JUMPII JSMP/ JSMPII Jordan Enterprise Development Corporation JIC Network Export Promotion Programme

  4. Industry Support Directorate (JUMP) Achievements up to Year 2010

  5. Impact of the Support to JUMP clients

  6. JSMPII • JEDCO in cooperation with the EUD are launching JSMP II programme with an estimated budget of EUR 15 million, EUR 12.2 million Direct Grants to MSMEs to cover 5 different schemes. JUMPII • JEDCO in cooperation with the EUD are extending JUMPII programme with an estimated budget of EUR 10 million, EUR 12.5 million Direct Grants to MSMEs to cover 3 different schemes.

  7. JUMPII Grant Schemes Scheme 2: Support to Export Development Including Certification and Participation to Trade Missions and Trade Events. (50,000 EURO) Scheme 4: Support to Micro Enterprises and Start-up Companies.(50,000 EURO) Scheme 5: SMEs Reinforcements. ( 100,000 EURO)

  8. JSMPII Grant Schemes Scheme 1: Export Development and Participation in Trade Missions and Trade Events (EURO 50,000) Scheme 2: Support for start-ups and innovative services start-ups outside Greater Amman Municipalities, Qasabet Irbid and Zarqa Municipalities (EURO 75,000) Scheme 3: Reinforcement of existing services MSMEs outside Greater Amman Municipalities, QasabetIrbid and Zarqa Municipalities (EURO 75,000) Scheme 4: Reinforcement of existing services MSMEs within Greater Amman Municipalities, QasabetIrbid and Zarqa Municipalities (EURO 75,000) Scheme 5: Support for Projects of National Interest in all Areas of Jordan (EURO 10,000)

  9. Governate Development Fund Eligibility Criteria

  10. Investment Tools The Governorate Development Fund will invest in productive and income generating projects using non traditional financing tools: • Equity Investment: holding shares in projects’ capital for a certain period of time not exceeding 8 years and sharing profits and losses with the owners instead of paying periodical repayments. • Convertible Bonds: financing bonds (partner’s loan) to be converted into shares based on a pre-agreed upon requirements as determined in partnership agreement. • Quasi Equity: a hybrid tool that combines between equity and debt features, repayment and profit sharing to be determined in the partnership agreement.

  11. Export PromotionCompanies Participation in Trade Fairs

  12. Impact of the Export Promotion Support

  13. Venture Capital Funds JEDCO was entrusted by the Government of Jordan to sponsor the creation of two venture capital funds dedicated respectively for the early stage and developing SMEs. The two “Anchor Investors” JEDCO and EIB as follows:

  14. SME Financing Programme SME Financing Program Banks Int. Guarantors JEDCO Loans $ 25000 $ 2,000,000 • LGF • 250M • 60-75% coverage ratio of loan value • TA • Before Financing Services • After Financing Services • Grants • Up to 20% of total financing needs for special projects.

  15. SME Financing Programme

  16. JIC Network (SCF)

  17. Tafileh 1000 residence

  18. JSMP I and JUMP II Renewable Energy projects - Supported in the last two years (Start up, Reinforcement and Export Oriented) - Application Received Recently

  19. Total number of Beneficiaries from JEDCO’s Different Services Companies from Governorates – 292: Start-up projects : 145 Reinforcement companies: 147

  20. JEDCO’s Budget

  21. Supports enterprises throughout its lifecycle Financing Technical assistance

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