1 Khalifa Fund for Enterprise Development Support Services for sustainable growth of Small & Medium Enterprises in the UAE June 25, 2013.

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Presentation transcript:

1 Khalifa Fund for Enterprise Development Support Services for sustainable growth of Small & Medium Enterprises in the UAE June 25, 2013

2 Pillar 1 Promote and develop entrepreneurship Khalifa Fund for Enterprise Development Pillar 2 Create Enterprises Khalifa Fund was established in June 2007, as an independent agency of the Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the development of the UAE Small & Medium Enterprises Sector The two pillars of KF strategy

A mission to cultivate entrepreneurship and drive innovation through awareness and training programs Direct entrepreneurs to potential projects aligned with UAE economic vision Khalifa Fund launched a number of initiatives to instill the entrepreneurial spirit among young Emiratis, and encourage them to consider entrepreneurship as potential career, by providing them with the skills necessary to start their own businesses Provide advisory services during finalization and evaluation of the projects Provide support and follow up during the set- up phase for Emirati Entrepreneurs 3

A mission to cultivate entrepreneurship and drive innovation through awareness and training programs Khalifa Fund Conducted over 250 tailored awareness campaigns to cultivate entrepreneurship and introduce SMEs sector as potential career option Partnership with Injaz/ Junior Achievement Mobile Application Contest with Khalifa University Startup Weekend in Dubai and Abu Dhabi 4

Pillar 1 Promote and develop entrepreneurship Khalifa Fund for Enterprise Development Pillar 2 Create Enterprises Khalifa Fund was established in June 2007, as an independent agency of the Government of Abu Dhabi, to cultivate entrepreneurship and catalyze the development of the UAE Small & Medium Enterprises Sector The two pillars of KF strategy 5

Fostering entrepreneurship by investing in, and supporting Emirati SMEs Financing Post-funding support Ease administrative costs and burdens by issuing letters of support Track performance of approved projects on a regular basis Develop business linkages through networking events, mentorship, KF gateway, etc. Small, home-based businesses Up to AED 250,000 New business start- ups Up to AED 3million Growth capital, existing businesses Up to AED 5 million Industrial projects with high capex Up to AED 10million Idea Sourcing and Training Pre-funding advisory In-house training programs on “how to start your own business” (3 weeks) Idea generation courses to help identify opportunities aligned with Abu Dhabi Vision 2030, across a variety of sectors Business counselors help applicants finalize business plan and financials, including putting them in touch with relevant authorities, providing them with market research, etc. 6

Khalifa Fund has also developed a host of social initiatives targeted towards specific segments of the community RADDA: Entrepreneurship development for Emirati inmates Amal: Partnership with Zayed Higher Organization to develop an Aqua-Ponic farm that provides 46 opportunities for Emiratis with special needs SOUGHA: Preserving the Emirati heritage by developing the technical skills and business acumen of local craftsmen-and-women in the UAE 7

Support Services Provided to SMEs Growth phase Operating phase Set-Up phase Securing location MOL waivers Licenses and Utilities Securing contracts New Market Channels Fairs and Exhibitions Hesabati Initiative 8 Franchising Sharaka & Tawasul Events

Support in the Start Up Phase Securing location MOUs with major public entities managing operations of specialized economic zones MOUs with private entities managing Malls, economic zones and business Centers MOUs provide preferential locations, preferential terms of payment and additional facilities MOL Waivers Waiving and reducing Ministry of Labor fees Licenses and Utilities MOUs with utilities and communication providers to: Reduce time consuming process Waiving / reducing from registration fees Dedicated focal point in each entity dealing with Khalifa Fund supported applicants Special packages for supported SMEs (Internet, data, telephone, etc…) 9 9

Support in the Operating Phase Securing Contracts New Market Channels Fairs and exhibitions Sharaka & Tawasul Events Hesabati Initiative Open market channels with government and private entities: Benefits offered by Semi- government Entities and Private Entities (Buisness Groups, Co- ops, Carrefour, Lulu, etc) Support Exports for Companies having potential and available certifications Accounting system for supported companies Participate in trade shows both internationally and locally Visits to Fairs, Meetings, and site visits Sharaka: Introduce members to customers Tawasul: Networking amongst members 10

Support in the Growth Phase Work closely with select businesses to develop the franchising model that is workable and has the potential to expand. Improve Business competitiven ess and growth FRANCHISE 11

12 SME Toolkit UAE Khalifa Fund Website Knowledge Management System Khalifa Fund Gateway Integrated e-Services platform to support the Entrepreneurs Community 12

13 The Khalifa Fund e-Space Knowledge Management System (KMS): Research engine for online library, reports and statistics relevant to SMEs in UAE Khalifa Fund Gateway: Online support, business linkages and access to Government tenders Khalifa Fund Website: Information about Khalifa Fund, online registration and access to KMS and Gateway for members SME Toolkit: Information, guides and tools for starting and operating an SME in the UAE Entrepreneurs in the UAE Emirati Entrepreneurs Khalifa Fund Applicants Khalifa Fund Members 13