Six Advices for a Friendly Environment to Entrepreneurship in Information Technology

Six Advices for a Friendly Environment to Entrepreneurship in Information Technology

oasis500 Our Blog, Technology Leave a Comment

The Jordanian private sector in the field of information technology has made a large number of achievements and strides over the past decade at the level of the entire region.  This would not have happened has it not been for the presence of a stable legislative environment.  The recent and fast developments in the sector, however, require the amendment of some elements governing the legislative environment to make it more suitable for entrepreneurship, so that ideas would turn into a practical reality that contributes to the national economy.

Despite the presence of many applicable ideas amongst the entrepreneurs’ society, the biggest obsession, after financing, is considered to be the extent of its suitability with the legislative environment in Jordan, which guarantees the continuity of projects to grow and join the league of successful companies.

In order to preserve the Kingdom’s achievements in the fields of entrepreneurship and developing nascent companies, particularly after Jordan acquired the tenth position internationally for the best cities to establish technological companies, we need to provide an environment that is more suitable for entrepreneurship in the information and communications technology sector.  This includes:

First:  Financing.  It is necessary to find channels and alternatives for financing nascent companies in Jordan, support venture capital funds, and provide incentives to attract regional investment funds.

Second:  Partnership between the private and public sectors.  His Majesty King Abdullah II emphasized, during the inauguration of  the “Nijm” building, that the partnership between the private and public sectors in Jordan is exceptional in the field of information and communication technology, and provides support to entrepreneurial ideas to change it into an actual reality.

Furthermore, the partnership between the two sectors is considered among the most important solutions for the local government’s receding spending on information technology, in such a way that technology becomes an incentive for the national economy through moving the wheels of specific sectors, such as health, education, industry, and others.

Third:  Activate the Electronic government.  The effect of electronic government services is still intangible to a large extent for Jordanians, whereby this impact has not transcended procedures inside the official establishments, or providing electronic services requests, but without the ability to complete all procedures.  The funding factor remains discouraging in completing the electronic government’s projects, which takes us back to the possibility of completing them through a partnership between the private and public sectors.

Fourth:  Enhance exports by the services sector.  It is possible overtake the Jordanian market’s limitations, but this requires developing work which targets the Arab and international region’s markets.  It is necessary to develop markets which motivate Jordanian exports in this field to neighboring markets through activating the promotion of the information and communication sector products and services.

Fifth:  Develop Jordan’s attraction for internal and external investments in the information and communication sector through reducing obstacles facing businesses and challenges facing sector employees in the local market first, and then moving to attracting additional investments in the sector.

Sixth:  Establish legislations and activate consultations with the private sector, by ending the paradigm of laws related to the information and communication technology, particularly as related to the communications law whose draft is still on the dialogue table between the government and the companies, to accommodate the public policy of the sector which was recently approved, in addition to the need to complete the third national strategy of the sector, concentrating on entrepreneurship, nascent companies, and encouraging venture capital, which covers the years 2013 to 2017, and is based on increasing investment and employment.

Leave a Reply

Your email address will not be published. Required fields are marked *