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Tamweelcom, Silatech grant Fikrati Awards for Entrepreneurship

Silatech and Tamweelcom recently named 12 winners of the Fikrati Award for Entrepreneurship in the Jordanian capital of Amman. The Fikrati Award is aimed at young Jordanian men and women between the ages of 18-35 who have ideas for projects or existing projects at the national level.

Winners were honored at a gala ceremony on October 21 held under the auspices of HE Dr. Talal Abu-Ghazaleh, and in the presence of Mr. Mustafa Nasereddin, Tamweelcom Chairman, and Mr. Ziad Al Rifai, Tamweelcom Executive Director, as well as award partners and supporters, and a large number of business experts, businesspersons, and entrepreneurs. Silatech Director of Country Operations Fairuz Taqi-eddin represented Silatech at the ceremony.

Tamweelcom is a Jordanian non-profit microfinance institution aimed at pioneering the field of microenterprise support and development. Silatech is a regional social initiative which works to create jobs and expand economic opportunities for young people throughout the Arab world.

Golden Award winners received prizes of 1,000 Jordanian Dinars, while Silver Award winners received 600 Dinars. Winners also received 7,000 Dinars in interest-free financing. Additionally, project owners had the opportunity to participate in mentoring programs, and all entrants benefited from the training courses provided throughout the four award phases before reaching the finals. The Talal Abu-Ghazaleh Organization provided laptops and training to Golden Award winners.

According to Silatech Director of Country Operations Fairuz Taqi-eddin, “We at Silatech believe that promoting entrepreneurship is fundamental to revitalizing the region’s economies and combatting youth unemployment, and we are proud to partner with Tamweelcom on the Fikrati Youth Business Competition. The Competition both promotes interest in entrepreneurship, as well as provides the necessary tools and training that young entrepreneurs need to succeed.”

On this occasion, Mr. Mustafa Nasereddin, Tamweelcom Chairman commented; “At Tamweelcom, we are constantly launching new initiatives that seek to activate idle capacities, and provide young people with an opportunity to be creative and to prove themselves.”

For his part, Mr. Ziad Al Rifai, Tamweelcom Executive Director, commented: “Today we honor 12 Fikrati Award winners, and we celebrate 45 entrants who have ideas and plans that are ready to be launched in the market.”

The Award serves Jordan’s youth by spreading community awareness about the culture of entrepreneurship. This has contributed to the creation of a suite of services that provide young entrepreneurs with training, mentorship and funding opportunities, as well as the opportunity to connect with a network of investors and mentors to develop their projects.

Media Contacts:
Stephen Brannon
Director of Communications, Silatech
Tel: +974.4499.4807