FAQs
Who are the targeted groups?
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Small and Medium ICT Business (entrepreneurs).
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Students / Jobseekers Interested to start business (Potential entrepreneurs). The job seekers must have at least 51% from the company’s proportion of shares.
What are the client selection criteria?
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Applicant must be an Omani national.
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Applicant's age must range between 18 to 60 years.
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Project must be in the field of ICT.
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Project idea is feasible.
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Full-time commitment to manage the overall project.
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Sufficient experience to manage the project.
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Willingness to accept guidance and advice provided through.
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Workshops and act on them.
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Able to pay the programme fees and charges.
What is the Selection process?
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Enquiry form completed and submitted.
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Initial Screening Interview with the incubation team.
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Revise Business Plan based on feedback.
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Develop a 20 Minute presentation.
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Present the business idea to the Selection Panel.
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The Selection Panel decision is given within 3 days.
After Joining the Program: ?
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Incubation period of 3 years maximum.
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Business Reviews every 3 months.
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SANAD loan funding is optional and subject to terms and conditions.
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Membership Fees apply for incubating companies.
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Royalty Agreement based on Gross Turnover.