National University of Science and Technology (NU) is committed to promoting entrepreneurial campuses that support establishing an entrepreneurial mindset among students and support them in instituting startups. The mission of NU is to transform students into global citizens for the betterment of society. This can be achieved by encouraging innovative ideas and projects through structured training, mentoring, and funding to start their businesses. Promoting entrepreneurship is one of the key priorities of the university 2030 strategic plans, which aims to support the entrepreneurs and innovators of the university. Thus, establishing the incubation center is a key enabler for achieving this vision.
NU Incubation Centre (Monay Factory) plays a highly significant role in supporting the national priorities of transferring innovative ideas/projects into startups. The center targets the development of an entrepreneurial ecosystem in the campus that supports and guides various entrepreneurial needs of beneficiaries. Money Factory is also expected to contribute to building an entrepreneurial campus experience in the university by organizing several programs that enable the entrepreneurial mindset among students and support them to consider entrepreneurship as a main career option. The center targets providing systematic support for the beneficiaries in collaboration with the entrepreneurship ecosystem in Oman including mentoring, funding, training, and participating in related events.
2024
Developing studnets startups : Naqla, Tala. Insulera, Midad, Ecptrade, Mawdhie Atechz, Phosvir.
Vision
To build an entrepreneurial community that inspires and supports innovators to transform their
Mission
Transform graduates into entrepreneurs.
Objectives