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Khalifa Fund: Bridging The Gap in The Entrepreneurial Ecosystem. Synopsis. In June 2007, Khalifa Fund was created as an independent agency of the Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the development of the UAE Small & Medium Enterprise Sector. Vision
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Khalifa Fund: Bridging The Gap in The Entrepreneurial Ecosystem
Synopsis In June 2007, Khalifa Fund was created as an independent agency of the Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the development of the UAE Small & Medium Enterprise Sector Vision To be a world class model for fostering entrepreneurship and developing globally competitive SMEs Mission To fuel entrepreneurial mindsets and drive the growth of globally competitive SMEs, with the active participation of Emirati nationals, in support of a sustainable national economy
Who do we support? Emirati Nationals
How do we do it? • Providing access to: • A platform of ideas • Advisory and training • Business support services • Finance • Market opportunities • And a SME-friendly environment
Phases of Serving Incoming Entrepreneurs PHASE I Counseling, Training EDD PHASE II Pre Funding Support EDD PHASE III Funding Operations PHASE IV Post Funding and/or Non Financial Support EDSD
Overview of the Applications The Total Number of Khalifa Fund Applicants as of 31 March 2009 is 3207
Counseling the Applicants Advisory and Counseling Services
Training Geographical Distribution Total number of trained applicants is 793 18 139 42% 58% Total number of conducted training sessions is 57 * All the numbers are as of 31st March 2009
Finance Programs Finance Programs Home based businesses,
Projects Funded A short brief of some of our approved Industrial projects is as follows:
Facilitating the Establishment of Their Businesses • EDSD aims to provide Khalifa Fund members with all the support and tools needed to either establish their companies, or aid them towards achieving greater success in the growth and development of their establishments. • Support services provided to businesses at the establishment phase include:
Supporting & Developing Operating Businesses
Social Inclusion Through Entrepreneurship
Khalifa Fund Key Strategic Initiatives Key Strategic Aim INCUBATE IDEAS IN THE BUSINESS ENABLING ENVIRONMENT DEVELOP HIGH-IMPACT ENTREPRENEURS ADDRESS GAPS IN THE FINANCING CHAIN DEVELOP & NURTURE HIGH-IMPACT ENTREPRENEURS IN COLLABORATION WITH KEY PARTNERS (I.E. ENDEAVOR, INJAZ, INSEAD) How to Achieve? LAUNCH THE INDUSTRIAL INCUBATOR, TECHNOLOGY INCUBATOR, BUSINESS INCUBATOR LAUNCH THE DIRECT INVESTMENT FUND
Khalifa Fund Aims to Identify, Develop & Support High Impact Entrepreneurs Create jobs and wealth by unleashing talent Develop leaders through hands-on training and advising Mobilize networks to attract investors and business mentors Produce cutting-edge research and spark innovation Showcase role models to generate opportunity