Orange AI Incubator evaluates second cohort applicants

Press release

Published October 18th, 2022 - 06:53 GMT

Orange AI Incubator evaluates second cohort applicants

The AI jury comprises members of Orange Jordan’s upper management, ISSF, and PSUT, the Information and Communications Technology Association of Jordan (int@j).

Highlights

In preparation to select new joiners, 10 startups scored the highest in the initial evaluation to join the second cohort of the Orange AI Incubator from 62 projects that applied

In preparation to select new joiners, 10 startups scored the highest in the initial evaluation to join the second cohort of the Orange AI Incubator from 62 projects that applied, now 7 startups will be chosen to start their journey at the incubator, an initiative co-funded by Orange Jordan and the Innovative Startups and SMEs Fund (ISSF) and co-designed by Princess Sumaya University for Technology (PSUT).

The AI jury comprises members of Orange Jordan’s upper management, ISSF, and PSUT, the Information and Communications Technology Association of Jordan (int@j).

Orange Jordan affirmed the incubator’s key role in supporting AI-based startups in the idea-development stage by upskilling entrepreneurs in AI and enabling them to develop their products/services, in addition to networking with investors, those interested and the entrepreneurship ecosystem at large, to enhance their growth and opportunities to get investment funds.

The company said that welcoming the incubator’s second cohort falls under Orange Jordan’s commitment as a responsible digital leader to supporting entrepreneurship, especially projects that seize new digital potential, and empowering youth to help them grow tech-based innovative solutions that contribute to socioeconomic progress.

The incubator’s one-year program consists of three stages: the first is 4 months of improving basic technical skills such as AI-related coding, machine learning, and data science, and the second is the 2-month interactive stage of using AI in product development covering prototypes and testing, the third is 6 months of working with the other joiners to expand their network in the market and with investors.

The ISSF aims to create a vital and sustainable environment for creative entrepreneurs with a passion for transforming their innovative projects into startups in cooperation with local partners, including the Orange AI Incubator, to create job opportunities for Jordanians.

The fund also provides various financing tools to support the growth of entrepreneurial projects through direct investment, establishing new investment funds, or contributing to existing funds. The ISSF seeks to invest in several sectors, such as technology, media, communications, renewable energy, water, services, agribusiness, and pharmaceuticals.

Background Information

Orange

Orange Jordan is one of the 29 subsidiaries of Orange Group, a leading telecommunications operator in the world that ranks in the top ten among its competitors.. Orange Jordan is an international brand with a local spirit, applying globally acquired experience to initiate and maintain a digital transformation of the country that will lead to greater opportunities at shared socioeconomic prosperity for its people. It has an expanding customer base of more than five million, a network of around 1,800 dedicated employees, and more than 55 branches.