US Embassy holds lecture on entrepreneurship at Sohar varsity

According to a press release, Emily Shaffer, commercial officer, US Embassy, highlighted the importance of cooperation between all sectors - academia, government regulators, and financiers - in encouraging Omani entrepreneurs. “Young Omanis have tremendous potential to become entrepreneurs. With education and training, we can work together to nurture young entrepreneurs,” she said.

She gave a presentation that pointed out the strengths of the American system in supporting entrepreneurship, which included conducive commercial regulatory frameworks, modern bankruptcy provisions, special tender procurement set-asides for small and medium enterprises, a cultural acceptance of failure, as well as the high value placed on diversity, creativity, individualism and competitiveness.

Erin Clancy, political officer, US Embassy met with students and faculty to discuss opportunities for projects and exchanges as part of the Embassy Middle East Partnership Initiative.

Emily earlier gave a presentation on entrepreneurship to students and faculty of the College of Applied Sciences in Rustaq on January 9.