Monday, June 04, 2007

Ericsson Boosts TKM Mentor Program

The Knowledge Mine (TKM) business incubator program based at the Rusayl Technology Park, Knowledge Oasis Muscat (KOM), announced today that Ericsson will join the incubator’s growing list of high-profile mentors.

According to Abdullah Al Jufaili, TKM Director, “the incubator acts as a business hub, encouraging growth, quality jobs and economic diversity in Oman.” As tenants, start-ups enjoy modern premises, broadband and access to top line business advice and support. “We’re thrilled to welcome Ericsson to the TKM mentor program, they’ll add substantial value to the composition of the incubator,” says Al Jufaili. In addition to Ericsson, TKM tenants also receive mentoring support from: Trowers & Hamlins; Ernst & Young; KPMG; Talal Abu Ghazaleh Intellectual Property; and GroFin Oman.

“KOM recognises the important role that incubators play in developing the enterprise, supporting new businesses and in enhancing innovation. Research clearly indicates that 80% of businesses that start in incubators are still in business after five years compared with only 33% which do not have such support,” says Mohammed Al Maskari, KOM Director General.

The twelve start-ups based in TKM benefit from practical mentoring sessions that help their businesses develop and drive forward. From expert advice on finance, telecommunications, IPR, technology, accounting, business development, strategy to innovation plus the invaluable networking opportunities offered by KOM, start-ups in TKM enjoy an excellent and fertile working environment,” comments the TKM Director.

“We’re proud to be associated with TKM and its tenants. This further proves Government commitment and ambition to create the right environment for success and provide the incentives to encourage innovation and growth in the enterprise sector. Indeed, TKM is the type of facility that allows entrepreneurs to produce innovative products and services. Our involvement also helps Ericsson contribute to Oman’s social and economic development,” explains Ericsson’s PeterAndersson (pictured above with Mohammed Al Maskari).

“The Government believes KOM plays a significant role in facilitating growth of the high-tech industry in Oman. Moreover, it is fully committed to developing a knowledge-driven economy where TKM contributes in achieving this aim by exploiting available knowledge and technology through its close cooperation with blue chips such as Ericsson as well as with domestic and international tertiary institutes,” comments Al Maskari.

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