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Post: Khalifa Fund.. Entrepreneur Creator

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Atif Abdullah (Abu Dhabi)

The Khalifa Enterprise Development Fund aims to foster entrepreneurship, support small and medium enterprises and increase the efficiency and capacity of entrepreneurs through the launch of initiatives and financing options aimed at supporting entrepreneurs, small and medium enterprises and support services. Comercial relations.
The foundation was launched by Sheikh Khalifa bin Zayed Al Nahyan, may God have mercy on him, as a non-profit government body affiliated with the Abu Dhabi government in 2007 in Abu Dhabi city, with branches in Al Ain and Al. Dafra in the region, and in 2011 the Foundation expanded its operations, opening branches in Ajman, Ras Al Khaimah and Fujairah.
The fund aims to create a generation of entrepreneurial citizens, introduce and deepen the culture of investment in young citizens, in addition to supporting and crystallizing small and medium-sized investments in the country, as well as training young graduates, entrepreneurs and entrepreneurs. with breakthrough performance. Ideas in the business area, accompanied by strong managerial and executive skills.
The fund, which currently has capital of AED 2 billion, offers integrated and comprehensive programs that meet the needs and requirements of investors looking to establish or expand investment activities.

Financing since its inception
From 2007 to 2019, it helped create 15,000 new jobs in the local market, while issuing approximately 1,168 active loans with a cumulative total estimate of Dh1.32 billion, in addition to serving 152 export projects across all sectors. Establishment of 6% of world and UAE companies in the SME sector, achieving a total return on investment of 15.5%.
From the day of its establishment, the important economic impact of the Foundation and its programs and initiatives on the national economy and domestic product became evident, including the generation of projects, job creation, economic-financial analysis, internationalization and operation. influence.

training and development
In the context of efforts to create a suitable investment climate and increase the capacity of potential investors, the Foundation launched a system of support and assistance services that includes training, development, rehabilitation, data delivery and advisory services. Develop various initiatives in the marketing area.

foundation programs
The Khalifa Fund provides financing solutions for a set of economically viable projects that serve the interests of the national economy in various sectors and project categories such as industry, livestock, fisheries, agriculture and even domestic trade. These programs include: Microfinance, Khatwa, Bidaia, Ziada, Tasne, Zar and Al-Hasila.
In addition, the foundation offers a number of social programs targeting specific groups in the UAE community. These programs include:
Apostasy Program: The Khalifa Foundation has launched an “apostasy” program in collaboration with the Abu Dhabi Police General Command. The objective is to allow citizens to enter the business sector and reintegrate into society after serving their sentences.
– Eshraki Program: The Khalifa Foundation, in collaboration with the National Rehabilitation Center, launched the Eshraki program to enable rehabilitated citizens to enter the business sector and recover from addiction in society.
– Suga Program: The program aims to preserve cultural heritage through the promotion of entrepreneurship and handicrafts and applies to all artisans in the country.
– Amal Program: The program aims to introduce Emirati citizens to specific business sectors, identify activities relevant to them and provide technical, financial and non-financial advice.

membership program
Membership in the Khalifa Enterprise Development Fund provides entrepreneurs with access to ancillary services at various stages of establishment, operation and growth. They can apply for Emirates between the ages of 21 and 60.

Abu Dhabi Business Platform
It is an interactive digital education platform launched by Khalifa Fund for Enterprise Development, which aims to support small and medium businesses in the UAE with useful and rich knowledge content and provide comprehensive information on innovation, marketing, financing, products and services. of projects. About development. . Entrepreneurs of all nationalities benefit from this.
Support emerging companies’ export opportunities
The Khalifa Enterprise Development Fund provides new businesses with access to export credit solutions, financing, insurance products and trade credit services through a partnership with the Export Credit Union (ECI), which specializes in credit protection. . The beneficiaries are small and medium-sized enterprises registered in the “Khalifa” Business Development Fund.

electronic amplification
The e-Empowerment program provides non-traditional digital tools to help small and medium-sized businesses in digital transformation and access to global markets and consumers through the digital economy, alliances with platforms: Amazon.ae, e-Empower, Hello Business Hub, . noon.com and the beneficiaries are small and medium businesses and entrepreneurs.

Consultant Platform
The Foundation provides an interactive consulting platform that provides a variety of digital and training tools to entrepreneurs during the business plan preparation phase and supports their funding during the application period to help expedite planning procedures to start projects.

external expansion
The Khalifa Entrepreneurship Development Fund has expanded its activities beyond the UAE, announcing the establishment of an Innovation and Entrepreneurship Support Center in the Republic of Kenya to innovate and develop a variety of special programs and initiatives. SME.
The objective of the center is to promote innovative projects, create jobs for young people, support innovative and promising projects in the field of technology, innovative projects to enter regional and global markets, and develop the capacity of entrepreneurs and local authorities in Parents. Kenya.
The Center will support and fund quality innovation projects, help empower youth and women, stimulate their potential and develop entrepreneurial skills, develop and develop Kenya’s economy, and achieve prosperity and social empowerment.

Source: Al Ittihad

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