It is Sunday night in Amman, Jordan, and the Jordanian startup scene keeps moving full steam ahead at an event called Dealmakers Weekend, organized by Endeavor, a nonprofit that supports high-impact entrepreneurship and Int@j, a nonprofit representing the Jordan IT industry. The cream of the local startup crop were paired up all day in matchmaking sessions with local and international investors in hopes of creating lasting relationships.
One of the startups, Mixed Dimensions (MXD), is representative of the new breed of company emerging from the local ecosystem. Founded in 2009, MXD is a technology and tools provider for platform developers, gaming companies and interactive 3D online application developers. Its co-founders, Muhannad Taslaq and Baha Abu Nojaim, are examples of the diverse entrepreneurs Jordan is producing. Born and bred in Jordan and of Palestinian origin, they are graduates of Jordanian universities and active participants in promoting grassroots technology entrepreneurship in Jordan.
Unlike many startups in Jordan and the region overall, MXD’s vision extends far beyond its home country’s borders. Having begun its journey at the iPARK, an ICT incubator in Amman, MXD was from day one building technology targeted at a global audience. Its flagship product, a 3D asset development tool called GameDraw built for the Unity gaming engine, is used by over 16,000 game developers in 110 countries (as of January 2014). The company has expanded its global footprint, completing the Alchemist Accelerator program in Silicon Valley in August 2013 and venturing into new technology niches within 3D modeling and development.
MXD will become one of the first portfolio companies of the Badia Impact Fund, which announced its first close February 24 with Cisco (as part of our 2011 Venture Capital Commitment to Jordan), European Investment Bank, and King Abdullah Fund for Development.
GameDraw is the flagship product of Jordan start-up Mixed Dimensions. It is a 3D asset development tool built for the Unity gaming engine that is currently used by over 16,000 game developers in 110 countries .
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Tags: Cisco CSR, corporate social responsibility, Entrepreneur, Investments, jordan, sart-up, venture capital
In my previous post, I described the “culture of innovation,” for which Bay Area companies have become renowned. And we looked, briefly, at what it could mean for the public sector.
It may come as something of a surprise that Bay Area companies are no more likely to follow a Technology Drivers innovation model than companies located elsewhere. Like many top innovators, companies in the Bay Area have not only found success in creating ground-breaking technologies, but they are almost twice as likely as other companies to have developed the capabilities needed to provide a superior understanding of the stated and unstated needs of their end customers. It isn’t just about how many transistors you can fit on a chip. It’s about how such advances can lead to products and services that gain traction in the marketplace through superior insight into, and understanding of, customers’ needs. Read More »
Tags: Bay Area, Cisco, government innovation, IBSG, innovation, management, private sector, public sector, strategy, technology, technology entrepreneurs, technology strategy, technology venture, venture capital
Silicon Valley and the San Francisco Bay Area are famous for their long history of leadership in computing, semiconductors, software, biotechnology, internetworking, and innovation-based industries. But what makes it unique, beyond the laboratories, talent base, and access to capital? And what exactly is this oft-cited “culture of innovation”?
Sean Randolph and his team at the Bay Area Council Economic Institute (BACEI) set out to find the answers. Read More »
Tags: Bay Area, government innovation, innovation, management, private sector, public sector, strategy, technology, technology entrepreneurs, technology strategy, technology venture, venture capital
Being born and bred in Britain I have obviously adopted the typical British way of thinking – avoid failure at all costs. This mindset is being echoed by start-ups in the UK who are seeking funding from British venture capitalists (VCs) – apparently, they’re risk adverse in their investments, when compared to their U.S. counterparts.
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Tags: Digital Britain, Failure, learning, start ups, venture capital