The Scientific College of Design signed a memorandum of understanding with the SME Development fund to endeavor to strengthen, promote and work towards building College’s capacity to develop and run entrepreneurship programs on campus for students and new entrepreneurs.
By signing up to join the ‘Entrepreneurial Campus’ community, the College will assume a critical role in creating and supporting Oman’s entrepreneurial community. Each member of the SMEF community, comprising all stakeholders, is responsible for driving the changes on the ground that will enable Oman’s entrepreneurial growth to continue. Together, the SMEF, College and other stakeholders will forge a dynamic ecosystem that inspires, educates and supports Oman’s high-potential entrepreneurs.
Both parties declared their respective intentions and to establish a basis of co-operation and collaboration to assist College in building capacity to develop and run exciting, high-impact entrepreneurship programs on campus for students and new entrepreneurs.
SMEF is a fund targeted at the growing SME sector of the Omani economy. The Fund’s primary objective is to increase investor value by profitably financing SME’s, whilst promoting entrepreneurship and sustainable SME development. The fund will utilize its capital, commercial debt and preferential loans to achieve this objective and will train entrepreneurs and provide various business support services, thereby improving SME performance and reducing their credit risk, which in turn would improve the overall financial performance of the fund.
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