The first phase of the national financial technology programme that includes the first Hackathon for financial technology projects called “Ahli Fintech Hackathon” was launched at the University of Jordan (UJ) directed for Jordanian university students.
The program, which is organized by the Innovation and Entrepreneurship Center at UJ along with Crown Prince Foundation (CPF) and Al Ahli for Financial Technology Private Shareholding Company, aims to encourage youth entrepreneurship in the field of financial technology and develop the creative ideas of university students in the financial sector and transform them into capital investment and successful startups in the advanced stages of the program.
The launch was attended by the students of the Business School and the King Abdullah II School of Information Technology, in addition to the participation of eight universities.
The Crown Prince Foundation, which is an incubator for youth work, was presented during the program. The foundation plays its role effectively through communication with community institutions.
The Director of the Innovation and Entrepreneurship Center Dr. Ashraf Bani Mohamad, said during the launch of the event, that this Hackathon includes in its introductory phase a full explanation for the competition, its mechanisms, and aims as well as practical and theoretical workshops. It will conclude with the selection of five teams from each university to qualify for the second phase of the competition. In the second phase, five winning projects will be chosen on the basis of the best innovative and most impactful solutions in the field of financial technology.
Al Ahli for Financial Technology Private Shareholding Company CEO Rami Al-Karmi explained the process of signing up for the program through the electronic registration system. During the event he called for students to apply for the program to benefit from the financial and technical support that is offered. He also stated that the winning teams will participate for free in the Ahlifintech Accelerator, which is an incubator for pioneering projects.
Al-Karmi noted that the value of participation in the program is $ 30.000. For the lucky winners, an opportunity will rise to bring in investments reaching up to $200.000 as well as a chance for joining the NCB family.
At the end of the event, Al-Karmi expressed his gratitude for UJ, represented by the Innovation and Entrepreneurship Center, and the role it plays in embracing creative and pioneering ideas and creating an innovative and pioneering generation capable of creativity, production and excellence.
The Hackathon will be held in eight Jordanian universities: Al Hussein Technical University, German Jordanian University, Jordan University of Science and Technology, Princess Sumaya University for Technology, Al-Ahliyya Amman University, Middle East University, Applied Science Private University and The University of Jordan.