Established in 1991, the Princess Sumaya University for Technology (PSUT) is a specialized nonprofit ICT Jordanian university. In the year 2003, PSUT embarked on a vigorous development and expansion plan. An integral part of the plan was the establishment of an Entrepreneurship Center that would be located at the heart of Jordan’s scientific, academic and R&D corridor. The idea was to name the Center after a prominent Arab dignitary known for his/her distinguished role in supporting economic growth and entrepreneurship. Thus, work towards launching the Queen Rania Center for Entrepreneurship (QRCE) started in October 2004.
The center aims at national development and planned to be the regions’ corner stone for technology commercialization and entrepreneurship advancement. The QRCE targets university students, researchers, innovators, entrepreneurs and others. According to PSUT’s development plan, the next step will be the establishment of a business school to be linked to the center.
Working closely with local and international organizations; the QRCE will focus on issues such as: capacity building, consulting, counseling and developing the local “Entrepreneurial Personality & Spirit”. Furthermore, the QRCE will actively work on extending the intellectual wealth of Jordan while maintaining strong links with the business community in general.
QRCE Mission
The Queen Rania Center for Entrepreneurship’s mission is to support economic growth by providing an array of services in entrepreneurship development and technology commercialization.
QRCE Vision
An economic engine by which Jordan’s intellectual wealth can be uplifted to unprecedented levels and a regional cornerstone for technology commercialization and entrepreneurship development.
QRCE Objectives
The Queen Rania Center for Entrepreneurship is focusing on the following objectives:
- To evolve and expand into a comprehensive entrepreneurship enabler, involved in fostering creativity, incubating viable concepts, and facilitating the success of entrepreneurial ventures to a level that affects the cultural orientation of the Jordanian community.
- To bridge the gap between academia, business and government in the entrepreneurial arena and increase knowledge transfer in all directions.
- To facilitate Jordan and the region’s economic diversification through promoting applied research and technology transfer.
- Bring the benefits of commercializing knowledge to national technology entrepreneurs and to the local economies in general.
- To provide an educational platform for aspiring and practicing entrepreneurs through added value programs aimed at strengthening their technical and soft skills in order to help them develop more productive, profitable and growth-oriented businesses.
- To promote healthy business cultures.
- To promote corporate governance and recommend policies, laws and regulations concerning technology commercialization and entrepreneurship.
QRCE Values
The Queen Rania Center for Entrepreneurship believe and adopt the following values:
- The private sector is the closest to market forces. Thus, it must have the lead in deciding the strategic path of the center.
- We will not reinvent the wheel. We will adopt better international practices and customize them to fit local needs.
- When it comes to funding business start ups, loans are not the best option. We will seek the support of VCs and angel investors.
- We believe that in kind support is of greater value to entrepreneurs.
- We will work and cooperate with the best in the field both locally & internationally.
- We will encourage innovation creativity and risk taking
- Recognize team work as pillar towards creating a healthy business culture.
