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Khimji Ramdas Launches Eshraqa Entrepreneurship Academy

Khimji Ramdas' Social Development Arm, Eshraqa, reinforced its efforts to support local enterprise with the recent launch of the Eshraqa Entrepreneurship Academy (EEA). The academy commenced its first sessions for the young talented Omanis and will offer entrepreneurship training and mentoring through the Khimji Training Institute as well as function as an idea incubator for viable startups.

Commenting on the initiative, Nailesh Khimji, Director Khimji Ramdas said, "We are committed to furthering the government's plans for education and equipping Oman's talented youth with the right tools to embark on their dreams. The launch of the Eshraqa Entrepreneurship Academy reflects the extent of our commitment in implementing the country's objectives for developing the SME sector and creating opportunities for the youth with high potential and good business acumen.Through the academy we intend to provide startups with comprehensive training on how to maximize resources for business generation and every other area associated with a successful startup."

Shortly into its unveiling, the entrepreneurship academy identified ideas with potential during Start-up Weekorganized by Riyada and NBC Oman for nascent entrepreneurs. Khimji Ramdas was platinum sponsor for theevent that presented startups with the unique opportunity to pitch their ideas and a chance for a chosen few to be expertly mentored, nurtured and trained by the Eshraqa Entrepreneurship Academy professionals.

The academy has taken the following startup projects under its wing - Online portal / Mobile Application e-commerce platform for SMEs in Oman;

Smart Life - Mobile Application for controlling electrical appliances in order to access them remotely and save power

Smart Life - Mobile Application for controlling electrical appliances in order to access them remotely and save power

Commenting on the initiative, Nadeem Ahmed, KTI General Manager said, "We are happy to share knowledge and expertise among ambitious entrepreneurs and help their ideas reach fruition. The Eshraqa Entrepreneurship Academy will provide every available resource to the selected projects and help nurture them before handing over the reins to their respective owners."

Hajer Mohammed Al Hajeri, from Smart Life Team, said, "We have come up with the concept to transform houses into smart homes. I really appreciate the efforts of Eshraqain supporting the project. We thank them for all the facilities and services they have provided us; we hope we can see it on ground soon."

Mohana Mohammed Saif Al Hudaifi, added, "The Eshraqa programme is very informative and offers a lot of guidance on how to turn my idea into a real life application. I would like to thank KhimjiRamdas for supporting us."

Noor Khalifa Ali Al Saqri, a student of Middle East College, said, "I want to develop a mobile application to support SMEs in Oman and being part of the Eshraqa Entrepreneurship Academy is giving me the tools to implement my idea. Therefore, I would like to thank Eshraqaand KhimjiRamdas for their continuous support to establish my own business."

The entrepreneurship academy will assist Omani nationals eager to embark on their own enterprise or those with an existing Micro or SME business. It will function as both a pre-incubation and incubation centre providing assistance and support in the form of training, coaching and mentoring to convert ideas into businesses for shortlisted SME startups. The academy's training and mentoring programs will cover participants from throughout Oman who will gain assistance from its experts across a range of subjects including guidance on funding opportunities, feasibility studies, creating business plans, free access to facilities for three to six month, guidance, coaching and mentoring in business operations, assistance in backward/forward integration of business with suppliers and customers and clustering.

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