Ishraqa Foundation launches sixth edition of Entrepreneurship Program

MUSCAT : The “Establishment Programme” serves as a cornerstone in the strategy of the “Ishraqa” Foundation, focusing on training in social responsibility activities. It provides a structured pathway for entrepreneurs, guiding them through fundamental stages of idea development and implementation. Participants undergo rigorous training modules spanning three weeks, covering crucial aspects such as idea feasibility, business modelling, marketing strategies, operations planning, and financial management.

A notable feature of the program is its alignment with the Entrepreneur Readiness Program, paving the way for qualified enterprises to access financing through the Authority’s lending portfolio, “Al Azm.” This integrated approach ensures that entrepreneurs not only gain knowledge but also practical avenues for business growth and sustainability.

Nilesh Khimji, a prominent figure from the Khimji Ramdas Group, lauded the initiative, emphasizing its role in nurturing Oman’s entrepreneurial ecosystem and contributing to economic diversification efforts outlined in Oman Vision 2040. With over 170 participants showcasing their business ideas, the program has selected 25 promising entrepreneurs, setting the stage for transformative ventures in the Sultanate.

Qais bin Rashid Al Tubi, General Supervisor of the Promising Omani Startups Program at the SME Development Authority, highlighted the program’s impact in empowering entrepreneurs and fostering innovation. He underscored the collaborative commitment to supporting small and medium enterprises, noting the pivotal role of the “Ishraqa” Foundation in activating the “Establishment Program” since 2018.

The program’s overarching goal is to champion Omani talent, offering incubation, guidance, and comprehensive solutions to startups and SMEs.

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The post Ishraqa Foundation launches sixth edition of Entrepreneurship Program appeared first on The Arabian Stories News.

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