Sharakah, Oman’s leading SME development company, has opened applications for its VC999 Business Incubator. This program is specifically designed to take visionary Omani startups and early-stage SMEs to the next level through a comprehensive support system of resources, mentorship, and financial pathways.
At a Glance
- Opportunity Type: Business Incubator / Acceleration Program
- For: Early-stage startups and SMEs in Oman (Home-based or market-active)
- Key Benefits: Expert mentorship, access to Sharakah’s funding programs, and state-of-the-art facilities
- Application Deadline: Not specified (Applications currently open)
- Location: Muscat, Oman (Sharakah Headquarters)
Incubator Overview
The VC999 Incubator Program aims to foster innovation and ensure sustainable growth for small and medium enterprises in the Sultanate. By joining the incubator, entrepreneurs gain access to a structured environment focused on enhancing business success rates, building strong professional networks, and measuring progress through professional business assessments. The program requires a one-year commitment from selected participants to ensure long-term impact and continuous improvement.
Key Benefits
- Expert Mentorship: Direct guidance and business advisory from industry specialists.
- Access to Funding: Exclusive pathways to Sharakah’s various financing and investment programs.
- State-of-the-art Facilities: Access to dedicated workspaces, administrative services, and shared resources.
- Capability Building: Specialized training focused on business evaluation and capacity development.
- Networking: Opportunities to connect with other founders and potential business partners within the Omani ecosystem.
Eligibility Criteria
- Business Stage: Early-stage startups and SMEs, including home-based projects and those already established in the market.
- Legal Status: Open to individual traders, LLCs, general partnerships, and single-person companies.
- Sectors: Open to all fields including commercial, industrial, service-based, and technical projects.
- Commitment: Applicants must be willing to commit to a one-year program duration.
- Documentation: Startups should ideally have a commercial registration (CR) and specify if they hold a Riyada Card.
How to Apply
Entrepreneurs can apply by completing the VC999 Incubator registration form. The application requires details regarding the project’s legal status, field of operation, current employee count, and specific areas where support is needed (e.g., legal, financial, or administrative).
Apply Here: Sharakah VC999 Application Form
About Sharakah
Established by Royal Decree in 1998, Sharakah (Fund for Development of Youth Projects) is a closed joint-stock company dedicated to the development of Omani entrepreneurs and SMEs. Supported by the government and the private sector, Sharakah provides essential financing, consulting, and business advisory services to help local businesses thrive and contribute to Oman’s national economy.
Learn More: Sharakah
