The competition aims on encouraging the Omani youth to take the idea of starting their own businesses as a serious alternative. The common trend among Omani youth is looking for a placement in either the governmental sector or the private sector. Only few of the graduates start their own businesses. One of the major obstacles any fresh graduate might face is raising a capital to fund his/her dream project.
The winner of the competition will be eligible for earning an amount of 4000 OMR (10,500 US $) plus a 2000 OMR (5,250 US $) worth of phone calls and internet usage. Moreover, the winner will be entitled to have an office in KOM with 12-months free rental to start his/her operations from. It’s worth mentioning that a series of free courses and workshops will be held to help the participants with writing business plans and relevant topics.
The sponsors of the competition are Ernst & Young, Ericson, Nawras, Grofin Oman and The Knowledge Mine (TKM) For those of you whom might be interested in joining the competition be informed that the closing date for submission of entries will be September 9th 2007 (09.09.07)
BBIC inaugurated (Article published by Oman Tribune)