Amman, Jordan: The Meydan initiative, whose goal is to change creative thoughts and talented ideas into real tangible businesses, has released in a very short period of time, its new and modified model. This Model has gone through several and fruitful changes in order to serve the initiative and those who belong in it.
Hence, the model and style, by which Meydan's initiative operates, has been modified after six months of continuous hard work and interacting with the young men and women, who are part of this project. Those who worked so hard on this initiative gained a lot from all the experiments that they dealt with, and reached the best and the most appropriate methods that can support the young people with education, knowledge, experience, and real positive investment in their young energy.
The main goal in modifying the applied model for Meydan is to find the perfect method in supporting 50 releases of different businesses inside Meydan at the same time. This will ensure Meydan's growth providing the use of scientific ways to satisfy the young people's needs.
The new model of Meydan revolves around adopting and cradling the new creative thought for any business and releasing it within only a 22 week period, where Meydan will guarantee the owner of the business, during this short period of time, the release of his or her company in the market and building it on a stable foundation. All of that will grant Meydan the ownership of 5% of that company.
With this modified Model, Meydan will offer a great opportunity to the adopted business owner, by providing other services as optional and giving the business owner more control over their company.
Option 1: At any time, the business owner can request for a big investor to invest into the company, in return granting Meydan 2.5% of ownership of the company.
Option 2: Business owners have the choice to stay incubated at Meydan for an additional 30 weeks and in return grant Meydan 2.5% of the company's shares.
This all means that Meydan guarantees to adopt the business of a company and then release it within 22 weeks, providing that it gets only 5% of that company's shares. Then, the rest will follow according to the business owner's choice.
Meydan, with its modified new model, will financially support any company that it releases according to what it sees fit in its needs and support.
Meydan presents the financial support and investment very effectively and beneficially to all parties involved granted that it receives 1% of the company's ownership for each 1000 American dollars, which are invested in that company. Yet, it puts a cap of 10,000$, because it wants to assure the business owner that he gets the majority of the company's ownership that he has founded.
Finally, what we want to mention here is that this initiative is mainly there to encourage those young men, college students, and the new business owners, who have great creative thoughts and talented ideas, and give them the ability to transfer those ideas into real tangible businesses and carry them into success.
The new modified Model of Meydan works towards fulfilling what's expected from this initiative in the best way possible in order to serve and support the largest number of Jordanian youth.
For more information about Meydan, visit: www.meydanjo.com
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© Press Release 2010
