The Innovative Startups and SMEs Fund has invested USD 5 million in Global Ventures’ Fund III to foster growth in Jordanian startups.

Information on the Target

The Innovative Startups and SMEs Fund (ISSF) is Jordan's largest investment fund dedicated to fostering local startups and small to medium-sized enterprises (SMEs). Established in 2017, the ISSF plays a pivotal role in enhancing the entrepreneurial landscape in Jordan by facilitating investments directly in innovative startups as well as through venture capital funds. With a capital of USD 98 million, comprised of contributions from the Central Bank of Jordan and the World Bank, the ISSF aims to empower local businesses to achieve sustainable growth and to generate job opportunities within the country.

Recently, the ISSF announced a significant investment of USD 5 million in Global Ventures’ Fund III, forming a strategic alliance that underscores its dedication to supporting the Jordanian startup ecosystem. This partnership enables Global Ventures, known for its focus on growth-stage investments, to further engage with and support Jordanian entrepreneurs and startups, contributing to the overall economic development of the region.

Industry Overview in Jordan

The startup ecosystem in Jordan is rapidly evolving, with a robust concentration of innovation and entrepreneurship. Currently, SMEs and startups constitute 98% of recently registered companies in the country, contributing over 50% of private-sec