Baushar, MCT: The Center for Entrepreneurship & Business Incubation (CEBI) launches the Campus Business ‘Mentoring&Incubation’ Program on Thursday, 5th March 2018 at Modern College of Business and Science (MCBS) from 11:00-2:00 pm. The first cohort consists of 7 aspiring student entrepreneurs with the following campus business ideas: College memorabilia stationary store, coffee station, gym, student entertainment center, college radio & talk show, specialty café, and MASEK groceries delivery service.
The program was organized by CEBI’s Assistant Director, Ms. Sariya Al Ismaili, in collaboration with the SME Development Fund (SMEF). CEBI will focus on the mentoring and incubation aspect of the program, specifically by providing the aspiring student entrepreneurs with mentors, office space, and facilities to work on bringing their respective ideas to bring to light. On the other hand, the SMEF will be responsible for entrepreneurial talks by local Omani entrepreneurs, financing, and preparing cohort 1 for presenting to the panel of judges at the end of Spring 2018 semester to transition the winning group from the pre-incubator stage to the incubator phase.
Benefits of the program will include certification of completion to be added to students’ curriculum vitae (CV), office space, access to center’s facilities, mentoring, and featuring in CEBI’s newsletter and social-media platforms, where the winning group will be able to bring their idea to light!
The session commenced with an entrepreneurial talk by CEO of Mazad Oman (Oman Auction), which is an electronic platform for e-auctions along with a Q&A session. The latter was followed by the SMEF briefing the students on the essence of the campus company in terms of the requirements and eligibility, which ended with CEBI’s Management Intern, Eiman Al Tuwejri, conducting a workshop on the Business Model Canvas. The students were required to construct a visual business plan based on the knowledge acquired from the workshop, where they received feedback from the Assistant Director as their mentor.
Completion of the program depends on the fulfillment of the following segments: Business description, market analysis, products/services, organization & management, marketing strategy, financial management, in addition to a workshop on the creation of promotional material and a session on presentation skills – all to be done through a mentoring process, where the Executive Team will be heavily involved in.