Impact: What is the impact of the work to date?
Our objective is to stimulate a new generation of Omani entrepreneurs and further Oman's program of Omanization. Political reforms introduced in 1997 gave Omani women the right to vote and stand for election. Scholastically, young women outpace their male counterparts with more women graduating from university than men. These reforms have fostered equality and an environment in which entrepreneurism can thrive. However, in spite of this and the significant resources being committed to developing the Omani entrepreneurial ecosystem, no real culture of entrepreneurism has yet to evolve. StreetMeet will become the catalyst to stimulate this culture by partnering with existing Omani initiatives ie. BizHub, Conquer Club, Sharakah, Injaz, US Embassy, etc. and create year-over-year growth in women-owned SMEs, success rates, investment $, etc. to build a culture of entrepreneurism.
Barriers: What barriers might hinder the success of your project and how do you plan to overcome them?
We do not foresee barriers in implementing this project as all stakeholders are vested in seeing entrepreneurism thrive in Oman. Connections made thus far have been enthusiastic. With that said, should existing stakeholders view the efforts of StreetMeet competitively, a lack of co-operation could slow progress. My experience in building cohesive communities will be a big asset to this project and I will use best efforts to persuade participation in this very important project.
Full Impact Potential: What are the main spread strategies moving forward? (Please consider geographic spread, policy reform, and independent replication/adoption of the idea or other mechanisms.)
Spread strategies will be considered at the time we develop the full business plan. However, our intention is to build a replicable and scalable model that can be utilized throughout the Middle East.