Sunday, October 21, 2007

Big Business Idea Finalists Announced

E-security, online retail, internet research and survey and multimedia projects, are among the new technology ventures short-listed for this year's TKM – Ernst & Young Big Business Idea Competition final which will be held Sunday 28 October at the Crowne Plaza Hotel, Muscat.

The TKM – Ernst & Young Big Business Idea Competition, the largest such competition in Oman, has selected four potentially high-growth businesses, drawn from entries from around the sultanate, to compete on 28 October for RO6,000 of start-up finance and 12 months rent free office accommodation in the TKM incubator program based at Knowledge Oasis Muscat.

The four outstanding finalists are in the early stages of setting up businesses and are based on innovative ideas. The finalists are:

Saleh Al Shukairy – multimedia;
Badriya Al Baqlani, Anwar Al Tobi and Abdulhakim Al Tobi - online retail;
Majid Al Yaqoobi - online research and survey project; and
Jafer Al Mamari - e-security.

The TKM – Ernst & Young Big Business Idea Competition is a prestigious launch pad to raise investment and create high-value technology companies. The finalists will present elevator pitches to the competition’s judging panel on 28 October at the event’s annual gala dinner at the Crowne Plaza Hotel. According to Mr. Mohammed Al Maskari, Director General, Knowledge Oasis Muscat: “The judges look at a wide range of criteria; in particular, business success either by increase in sales and unit volume, market research and identification of customer focus, organizational and team building effectiveness, strategic planning, overcoming obstacles and barriers to success, visionary leadership and social and community responsibility.”

Hilal Al Ahsani (pictured), CEO, Public Establishment for Industrial Estates said: “This is the second year that we’ve run the TKM – Ernst & Young Big Business Idea Competition and it’s developing an impressive track record for creating new ventures. However, we could not organize such an important initiative without the critical support of Ernst & Young, Nawras, Talal Abu Ghazaleh Intellectual Property; Ericsson, NCR, Grofin; Oman Economic Review and Times of Oman. We’re thrilled with the calibre of this year's entries and it has been tough job for the judging panel to narrow it down to the final four.”

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