A new agreement to extend Umniah’s support to emerging technology companies in Jordan has been signed between Umniah and Plug and Play, one of the largest business accelerators worldwide based in Silicon Valley.
The agreement will facilitate cooperation and enhance the international presence of Plug and Play in Jordan by establishing a joint accelerator centre. It also aims to acquire a new path to support start-ups and emerging technology companies in addition to bridging the gap between Jordan-based companies and the United States.
Ihab Hinnawi, CEO of Umniah, and Saeed Amidi, CEO of Plug and Play, signed the agreement during His Majesty King Abdullah II visit to the United States. The agreement aims to establish a mutually beneficial acceleration centre that will enhance relations between the two sides.
Hinnawi said: “The extended agreement between Umniah and Plug and Play is of great significance as it helps link local startups to international investors and gives them industrial guidance. The move further increases the chances of their success in Jordan’s ICT sector.”
Amidi added: “This joint initiative with Umniah builds on our other international initiatives in Germany, Brazil, Spain and other locations around the world. The extended agreement between Umniah and Plug & Play compliments the great achievements already made between the two sides and will continue to help boost our presence in Jordan.”
Umniah also confirmed that the recent signing compliments the past acceleration programs organised between the two sides and in partnership with int@j and the US Agency for International Development (USAID) in Jordan.