02 July 2006
MUSCAT -- The Knowledge Mine (TKM)-Ernst & Young 'Big Business Idea Competition 2006', the first nationwide business plan competition of its kind in Oman, is holding a 'Start-up Evening' at the Inter-Continental Hotel at 7pm tomorrow.
The competition is viewed by many as a launch-pad for participating entrants to successfully raise investment for their commercial ventures.
The competition has a top prize of RO6,000 and rent free accommodation in the Knowledge Mine business incubator programme. According to the organizers, the 'Start-up Evening' will include a brief on the competition, a presentation by Ernst & Young on how to write a business plan plus a presentation by Mohammed Al Rasbi, founder and CEO of R&D, a start-up firm based in the TKM incubator programme based in Knowledge Oasis Muscat (KOM). Ibtisam Al Faruji, head of marketing, PEIE, the organiser of the competition, said: "Although the competition is limited to Omani nationals we welcome entries from anyone individuals, teams, students and entrepreneurs anyone with a good, innovative idea for a technology driven business should think about participating in the competition."
"The idea should be original or a significant improvement on an existing business. The July 3 Start-up Evening will be an excellent opportunity for people to learn more about the competition and what it means to create a start-up company," Ibtisam said.
If you are new to business and creating a business idea, you will learn a lot by participating in the Big Business Idea Competition.
Entrants will receive high-level feedback on their business idea and the chance to learn more about processes of business.
"We believe that the competition is a highly-prestigious platform for successful new venture creation -- it offers entrants access to networks, training and valuable contacts, and it helps further understanding of the investment process and what constitutes a realistic marketable idea," said Ibtisam.
In partnership with Ernst & Young, TKM is also running three pre-competition workshops.
"The first workshop was held on July 25 and was a big hit with those that attended. "Having free access to experts from Ernst & Young is an opportunity that doesn't come along everyday," commented Al Faruji.
The next two workshops will be held at KOM building No.1 at 5pm today and on July 9.
"The three workshops will take a close look at what it means to research and write a business plan plus how to use your business plan to raise investment for your business," remarked Al Faruji.
The workshops are free of charge. To reserve a place for the workshops or to attend the Start-up Evening call: 24155132 or e-mail: Ibtisam@kom.om
The Big Business Idea Competition is organised by TKM, Ernst & Young and the Information Technology Authority. It is also supported by Ericsson, NCR, National Bank of Oman, Nawras, isurf.co.om and TheWeek.
MUSCAT -- The Knowledge Mine (TKM)-Ernst & Young 'Big Business Idea Competition 2006', the first nationwide business plan competition of its kind in Oman, is holding a 'Start-up Evening' at the Inter-Continental Hotel at 7pm tomorrow.
The competition is viewed by many as a launch-pad for participating entrants to successfully raise investment for their commercial ventures.
The competition has a top prize of RO6,000 and rent free accommodation in the Knowledge Mine business incubator programme. According to the organizers, the 'Start-up Evening' will include a brief on the competition, a presentation by Ernst & Young on how to write a business plan plus a presentation by Mohammed Al Rasbi, founder and CEO of R&D, a start-up firm based in the TKM incubator programme based in Knowledge Oasis Muscat (KOM). Ibtisam Al Faruji, head of marketing, PEIE, the organiser of the competition, said: "Although the competition is limited to Omani nationals we welcome entries from anyone individuals, teams, students and entrepreneurs anyone with a good, innovative idea for a technology driven business should think about participating in the competition."
"The idea should be original or a significant improvement on an existing business. The July 3 Start-up Evening will be an excellent opportunity for people to learn more about the competition and what it means to create a start-up company," Ibtisam said.
If you are new to business and creating a business idea, you will learn a lot by participating in the Big Business Idea Competition.
Entrants will receive high-level feedback on their business idea and the chance to learn more about processes of business.
"We believe that the competition is a highly-prestigious platform for successful new venture creation -- it offers entrants access to networks, training and valuable contacts, and it helps further understanding of the investment process and what constitutes a realistic marketable idea," said Ibtisam.
In partnership with Ernst & Young, TKM is also running three pre-competition workshops.
"The first workshop was held on July 25 and was a big hit with those that attended. "Having free access to experts from Ernst & Young is an opportunity that doesn't come along everyday," commented Al Faruji.
The next two workshops will be held at KOM building No.1 at 5pm today and on July 9.
"The three workshops will take a close look at what it means to research and write a business plan plus how to use your business plan to raise investment for your business," remarked Al Faruji.
The workshops are free of charge. To reserve a place for the workshops or to attend the Start-up Evening call: 24155132 or e-mail: Ibtisam@kom.om
The Big Business Idea Competition is organised by TKM, Ernst & Young and the Information Technology Authority. It is also supported by Ericsson, NCR, National Bank of Oman, Nawras, isurf.co.om and TheWeek.
By Business Reporter
© Times of Oman 2006
