1. Support for Entrepreneurship Development
Week 7 – Tutorial class
MANGT100

7. Why small enterprises need support?
Small firms faced market failure and asymmetric information
A large share of the failure risk faced by new firms appears to stem from the newness of the business and the legitimacy needed to succeed in uncertain market environments
Entrepreneurs often face obstacles in accessing sources for funding and meeting new customers, suppliers, and other stakeholders

8. Types of Support Financial Support or Hard support (financial related)
Grants / subsidies
Loans with low interest rate
Guarantee loans
Non-financial support or Soft support (those measures such as technical support which develop or enhance the skills and capabilities of entrepreneurs)

9. Types of government policy
Macro policy
macroeconomic instruments focusing on the national level ( in terms of infrastructure, education, flexible labor markets and R&D support)
Reduce the level of bureaucracy facing new and small business
Reduce the tax
Facilitate the access to the markets / create new markets / exporting

10. Types of government policy
Micro policy
microeconomic policy can be separated to hard support; (e.g. grant and loans), and soft support; (e.g. business advises and training)
Hard support ( money, building, equipment, etc.)
Soft support ( education, know-how, training, advice, etc.)

11. Raising awareness
Raising the education system to young people to consider the self-employment
in Oman for example, numerous programs has been introduced to raise awareness among students or youth of the important of entrepreneurship and self-employment
For instance Riyada program

12. Government Institutions
Institutions supporting entrepreneurship in Oman
Government Institutions
9/4/2014

13. 9/4/2014

14. 9/4/2014

15. Institutions supporting entrepreneurship in Oman
A. Government Institutions
General Authority for the development of small and medium enterprises
Government Support Fund ( SANAD – AL RAFFD)
Public authority for craft industries
4. Public establishment for industrial estates ( the National Center )
5. Oman Development Bank
6. Public authority for investment promotion and export development
7. Oman Chamber for Commerce and Industry
8. The Research Council
9. Youth Projects Development Fund ( Sharakah – Joint venture )
10. Ministry of Social Development
9/4/2014

16. Institutions supporting entrepreneurship in Oman
Private Institutions
9/4/2014

17. 9/4/2014

18. B- Private Institutions ( Organizations, companies & Banks)
Grofin Oman
Zubair small enterprises centre
Towell Group
INJAZ Oman ( Junior Achievements)
Shell Intilaaqah
Commercial Banks
Islamic Banks & windows
9/4/2014

19. Financial Supporters for Entrepreneurs in Oman
Government
Private
Government Support Fund
( SANAD – AL RAFFD)
Oman Development Bank ( Loans)
General Authority for the development of small and medium enterprises ( Loan Guarantee Program)
Ministry of Social Development ( Low income enterprises)
Youth Projects Development Fund ( Sharakah – Joint stock company )
Commercial Bank
Islamic Banks
GroFin Oman ( term loans & equity – RO 40,000 – 760,000)
Towell Group ( equity, 70% of project capital, max RO 50,000 , entrepreneurs can own shares after 5 years)
Shell  Intilaaqah Enterprise Fund (IEF) (USD 17 million and managed by GroFin).
9/4/2014

20. Comparison between two main government funds
Youth Projects Development Fund ( Joint stock company)
Government Support Fund
( SANAD – AL RAFFD)
SANAD (Self-Employment and National Autonomous Development) is a MoMP self-employment program (inception in October 2001)
Main aim is encouraging young entrepreneurs in Oman
granting loans ( RO 5,000 – 20,000) & loans disbursed from Oman Development Bank
joint stock company which specifically encourages and supports the development of entrepreneurs and SMEs in the sultanate
established by Royal Decree (76/98)
Three different financial schemes:-
Equity  RO 10,000 to 200,000
Loan  RO 10,000 to 200,000
Bill discounting
9/4/2014

21. FINANCIAL PROGRAMS & SERVICES al-raffd FUND
National Financial Support
Look to the Al Raffd fund website and gather some information about financial support programs provided by this government fund

22. Oman Riyada Program Non-financial services for the government support
Land subsidies
The Entrepreneurs Card 
One Stop Shop
Training and advices
Entrepreneurship Award

23. Types of Mentorship and Training provided by the Omani government
Toolkits sources of knowledge
Mentorship program ​" Inspire and Celebrate”

26. Reading
Take a look to types of financial and non-financial support provided by the Oman government to enhance entrepreneurship through looking to
Al Raffd (
Fund website and Riyada (