Green FinTech Innovation Challenge: Empowering MSMEs

As sustainability takes center stage in global finance, green innovations are crucial for shaping a more resilient and environmentally responsible future. The Green Finance Challenge invites forward-thinking participants to present transformative ideas within the green finance space, contributing to Jordan’s journey towards sustainability.

Challenge Overview

This unique challenge calls for innovative solutions that tackle environmental goals, and broader green finance concepts. Whether you’re focused on new financing models, eco-friendly investment tools, or technologies that support sustainable growth, we want to hear from you. Join us in driving Jordan’s financial sector towards a greener, more inclusive future.

Challenge Objectives

Our aim is to:

Encourage the development of scalable green finance solutions.

Support sustainable practices in financial services that benefit people, communities, and the environment.

Inspire financial institutions to integrate green finance and sustainability practices into their operations.

Focus Areas

Green Digital Payment and Account Solutions

Digital Green Data and Analytics Solutions

Green Digital Deposit and Lending Solutions

Green Regtech Solutions

Participants can develop solutions addressing other areas not mentioned, except for marketplace solutions.

Compete for Prizes Worth up to

100,000

JOD

with a potential implementation of the POC with one of the financial institutions.

Challenge Timeline

Phase 1

Phase 2

1 December2024

Open Call for Application

15 January2025

Submission Deadline

22 January2025

Shortlisted Teams’ Announcement

28 January2025

Pitch Day

TBD

1:1 Meetings

Final Discussion and Submission

TBD

Winner Announcement

Implement the POC

TBD

Eligibility Criteria

Are you eligible to participate? Here’s what you need:

Companies/Startups registered in Jordan with a working product – should not be the reseller or the solution distributor.

Companies/startups not registered in Jordan, but one of the founders is Jordanian (must register the company in Jordan within 60 days from announcement day.)

Jordanian startups with a working MVP (must be able to implement the POC within 60 days from announcement day and register the company in Jordan.)

Teams should have proven experience in green finance, sustainability, and related fields and the capacity to develop and implement their ideas.

Evaluation Process

All solutions will be carefully evaluated on functionality, green impact, scalability, and innovation. The team(s) that qualify for the second phase will have one-to-one meetings with the financial institution to discuss the scope of work for the Proof of Concept (POC), cost structure, and other requirements, where the winner will be potentially selected and start implementing the POC within 60 days.