Matchmaking for Development Services (BDC in cooperation with BiD Network)

Jordanian entrepreneurs will benefit from the partnership between the Business Development Center and the Bid Network by having the opportunity to be linked with interested investors, through the BiDNetwork, which might put their business ideas into action, and will eventually contribute to their economic development.

Any innovative entrepreneur who meets the participation criteria is encouraged to submit his/her initial plan online. If the initial business plan is approved, the entrepreneurs might be asked to present a complete business plan at a later stage or will be eligible for receiving the necessary coaching and assistance.

Business plan application Criteria

The business plan must fulfill the following criteria:

• To be written in English, Spanish, or French
• To have as Country of Business an Emerging Economy
• To have a financing requirement of between US$10,000 and US$1,000,000.
• Aims to be a profitable business in the next three years.
• Is a growth business (employees or sales growth is more than 30% per year)
• To meet the Social and Environmental requirements (they are mentioned in BiD Network’s website).

Provided that the business plan application meets the above mentioned criteria, the entrepreneur can submit a complete business plan.

Business plan components:

• A written part, in which the entrepreneur elaborates on the business and development impact of his/her business.
• A financial plan, in which the entrepreneur adds the relevant financial data of his/her project.

The business plan submitted will then be assessed by BiD Network and its National Partners (BDC in the case of Jordan) aiming at creating a complete, focused and well structured business plan. The assessment process is carried out in a constructive and interactive manner, where the entrepreneur continuously receive extensive feedback on his/her business plan until the plan passes through the whole assessment phases and becomes ready to be presented to angle investors.

When this business plan completes the assessment phases, it is presented to angle investors who may show interest in financing the project. The financing can be either as equity (to own capital percentage of which the entrepreneur and the angle investor agree upon), or a loan (and they both should agree on the interest rate, payment period, grace period, etc.).

Confidentiality:
All the plans are treated with a high level of confidentiality. In addition, the confidentiality level of the submitted plan can be adjusted according to the participants needs.