{"id":11842,"date":"2025-06-19T18:03:01","date_gmt":"2025-06-19T14:03:01","guid":{"rendered":"https:\/\/nu.edu.om\/?p=11842"},"modified":"2025-10-01T09:04:40","modified_gmt":"2025-10-01T09:04:40","slug":"money-factory-support-programs","status":"publish","type":"post","link":"https:\/\/nu.edu.om\/engineering\/money-factory-support-programs\/","title":{"rendered":"Money Factory Support Programs"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"text-align: justify;\">The NU Incubation Centre, known as &lsquo;<strong>Money Factory&rsquo;<\/strong>, plays an essential role in supporting national priorities by transforming innovative ideas and projects into viable startups. The Centre is dedicated to building a thriving entrepreneurial ecosystem within the university campus, providing guidance and support tailored to the diverse needs of its beneficiaries.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify;\">Through its initiatives, Money Factory works to instil an entrepreneurial mindset among students and encourage them to pursue entrepreneurship as a primary career option. To achieve this mission, the Centre offers structured support in collaboration with key stakeholders in Oman&rsquo;s entrepreneurship ecosystem. This includes access to office spaces, university facilities, mentoring, funding opportunities, training programs, and engagement in relevant events.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify;\">During the academic year 2024\/2025, Money Factory implemented a wide range of impactful programs that contributed to the entrepreneurial landscape. It organized <strong><u>26 internal programs<\/u><\/strong> and <strong><u>participated in 25 external programs<\/u><\/strong> conducted by ecosystem partners. The Centre also received 23 visits from policymakers and ecosystem members, which led to the signing of 8 cooperation agreements with supporting organizations. Between October 2024 and June 2025, Money Factory was actively engaged in events for more than 110 days. These efforts resulted in <strong><u>11 notable achievements<\/u><\/strong> accomplished by both the Centre and the startups it supports. In total, over <strong><u>1,124 beneficiaries<\/u><\/strong> from both the university and the broader community took part in the Centre&rsquo;s programs, reflecting its commitment to nurturing innovation and entrepreneurship in Oman.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Summary of Money Factory Support Programs 2024\/2025:<\/strong><\/p>\n<ul>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of events organized by Money Factory: <\/strong><span style=\"text-decoration: underline;\"><em>26 events<\/em><\/span><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of externally participated events: <\/strong><em><span style=\"text-decoration: underline;\">25 events<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of Collaborations: <\/strong><em><span style=\"text-decoration: underline;\">8 MoUs\/Agreements<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of policy makers and ecosystem visitors to collaborate and share practices: <\/strong><em><span style=\"text-decoration: underline;\">23 visits<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of achievements:<\/strong><em><span style=\"text-decoration: underline;\">11 students and centre achievements<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of media interviews: <\/strong><em><span style=\"text-decoration: underline;\">4 interviews<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of days of Money Factory Events: <\/strong><em><span style=\"text-decoration: underline;\">110 days<\/span><\/em><\/li>\n<li class=\"MsoNormal\" style=\"text-align: justify;\"><strong>Number of Money Factory program beneficiaries: <\/strong><em><span style=\"text-decoration: underline;\">More than 1,124 direct beneficiaries from the program<\/span><\/em><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><strong>Examples of Organized Programs:<\/strong><\/p>\n<ul>\n<li class=\"MsoNormal\">Startup Weekend National University<\/li>\n<li class=\"MsoNormal\">Global Student Entrepreneur Awards<\/li>\n<li class=\"MsoNormal\">Three Months &ldquo;E-commerce Training Program&rdquo;<\/li>\n<li class=\"MsoNormal\">NU Inventors Forum<\/li>\n<li class=\"MsoNormal\">InnoVest; Pitching to Investors<\/li>\n<li class=\"MsoNormal\">Ruwad Carnival<\/li>\n<li class=\"MsoNormal\">Five Days &ldquo;Preparing Feasibility Study for Innovative Projects&rdquo; Training Program<\/li>\n<li class=\"MsoNormal\">Ruwad Platform<\/li>\n<li class=\"MsoNormal\">&ldquo;The Future of Entrepreneurship: How AI is a Game Changer&rdquo; Workshop<\/li>\n<li class=\"MsoNormal\">Money Factory Mentoring<\/li>\n<li class=\"MsoNormal\">One Day &ldquo;Launching Innovative Business&rdquo; Workshop<\/li>\n<\/ul>\n<p class=\"MsoNormal\" style=\"text-align: justify;\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money Factory Support Programs<\/p>\n","protected":false},"author":7,"featured_media":11843,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-11842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-coe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v27.3) - 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