OTF inks pact to boost entrepreneurial development in frontier technology
Published: 02:06 PM,Jun 01,2021 | EDITED : 06:06 PM,Jun 01,2021
18 OTF inks pact to boost entrepreneurial development in frontier technology
Oman Technology Fund (OTF) signed a Memorandum of Understanding with AWJ Innovation (Sustainable Technologies and Innovation Development (STID)), with the aim of investing in the outcomes of the entrepreneurial development in frontier technology programme (.nxt), by providing potential training and employment opportunities. Moreover, OTF is aiming to create potential Investment opportunities to support feasible projects and entrepreneurial ideas within the Fund's investments in the fields of technology and innovation, which is scheduled to last for two years, which can be extended accordingly.
The MoU was signed by Ismail bin Ibrahim al Harthy, acting CEO of the Oman Technology Fund and Eng Hamoud bin Sloum al Shukeiry, Vice President of Projects and Operations of AWJ innovation.
Al Shukeiry explained that the third phase of the (.nxt) programme comes as an intensive virtual practical training bootcamp for a period of five weeks, which is dedicated to developing 100 young Omani entrepreneurs and startups as part of the programme.
Al Shukeiry elaborated that, at the end of this stage, participants are expected to develop the skills necessary for entrepreneurship through learning experience based on training workshops, interaction with mentors and successful pioneers in the startups and entrepreneurship, forming teams, as well as innovating in their companies' ideas, and working to turn ideas into reality. Besides building relationships with successful entrepreneurs and experts in various fields.
The entrepreneurial development in frontier technology programme (.nxt) extends for a period of nine months for each batch. It began in October of 2020 and shall end in July of 2021 and is divided into three progressive phases. The first phase included 1,200 participants, the second 700 participants (January - May 2021, and the third phase (June – July 2021) 100 participants.
The MoU was signed by Ismail bin Ibrahim al Harthy, acting CEO of the Oman Technology Fund and Eng Hamoud bin Sloum al Shukeiry, Vice President of Projects and Operations of AWJ innovation.
Al Shukeiry explained that the third phase of the (.nxt) programme comes as an intensive virtual practical training bootcamp for a period of five weeks, which is dedicated to developing 100 young Omani entrepreneurs and startups as part of the programme.
Al Shukeiry elaborated that, at the end of this stage, participants are expected to develop the skills necessary for entrepreneurship through learning experience based on training workshops, interaction with mentors and successful pioneers in the startups and entrepreneurship, forming teams, as well as innovating in their companies' ideas, and working to turn ideas into reality. Besides building relationships with successful entrepreneurs and experts in various fields.
The entrepreneurial development in frontier technology programme (.nxt) extends for a period of nine months for each batch. It began in October of 2020 and shall end in July of 2021 and is divided into three progressive phases. The first phase included 1,200 participants, the second 700 participants (January - May 2021, and the third phase (June – July 2021) 100 participants.