The Third Cohort of the Incubation Program Kicks Off at JOIN Fincubator, Under JOPACC

Following the continued success of the first and second cohorts of the incubation program launched in 2023, the Jordan Payments & Clearing Company (JoPACC) has announced the launch of the third cohort of its incubation program for 2025, through JOIN Fincubator. The program focuses on empowering startups operating in fintech by providing an integrated package of services that support the development of their business prototypes and enhance their ability to introduce innovative solutions in local and international markets.

Before the start of the incubation program, 25 teams participated in an intensive preparatory program: the “Bootcamp” aimed at equipping them with fundamental knowledge of the financial sector. This program helped the teams develop preliminary business models aligned with market needs and ensured that their fintech ideas matched real challenges. The participating teams presented a variety of innovative solutions in areas such as payments, lending, wealth management, savings, and others. Among these teams, 16 successfully met the program requirements and officially qualified to join the incubation phase.

The Incubation Program consists of three main stages. It begins with the "Bootcamp", which lasted four weeks and aimed at providing participants with the essential foundations to embark on their entrepreneurial journey. This is followed by the "Fit" stage, spanning twelve weeks, focusing on testing proposed solutions and refining business models to ensure alignment with market needs and actual problems. During this phase, participating teams relate to technical experts who provide support and guidance, in addition to attending specialized workshops covering financial modeling, legal requirements, and registration procedures.

The third and final stage is the "Launch" phase, lasting eight weeks, which enables participants to introduce their minimum viable products (MVPs) to the market. This phase concludes with "Demo Day," where startups present their products to a group of investors and financial institutions, providing them with opportunities to secure additional funding and support to expand their businesses.

It is worth noting that JOIN Fincubator represents a vital launchpad for entrepreneurs and innovators in the fintech field, offering them unique opportunities to test and develop their innovations within a supportive and stimulating environment. "JOIN" also organizes specialized training programs supervised by industry experts and works to strengthen the network between participants and potential investors, opening wide horizons for startups to showcase their solutions locally, and globally.