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Aside from a record year for funding and number of deals, Jordan-based startups also attracted more investors than any previous year. As shown by the chart below, this increase in investors is mainly fueled by MENA-based investors as opposed to local investors – with entrepreneurship in the region being one of the core focus areas for governments and corporates, this trend is expected to continue.
An initiative by the Jordanian government to further spur investment in regional startups is the Innovative Startups & SMEs Fund (ISSF), which looks to invest in innovative startups and SMEs, and is backed by both the World Bank ($50M) and the Central Bank of Jordan ($48M). This, and much more, is covered in the full report.