Latest news with #KhalifaFundforEnterpriseDevelopment
Web Release
4 days ago
- Business
- Web Release
Khalifa Fund for Enterprise Development launches ‘Future Entrepreneur' program to enhance entrepreneurship skills
The Khalifa Fund for Enterprise Development (KFED) is launching tomorrow, July 4, 2025, the 'Future Entrepreneur' program to foster entrepreneurship skills among the youth aged between 6 and 18. The key objectives of the program includes fostering innovation, empowering young people with financial management skills and building a new generation of national entrepreneurs using tools for excellence in a practical environment under the guidance of a committee of experts. The program is projected to attract 5,000 participants and develop 2,500 entrepreneurial projects and 1,000 small ventures under the 'Future Entrepreneurs Permit' initiative, launched by the Abu Dhabi Registration Authority (ADRA), an arm of the Abu Dhabi Department of Economic Development (ADDED) to develop and regulate the business sector, over the next five years. It follows a comprehensive process to select exceptional young entrepreneurs based on their eligibility, thinking methodology, creativity and performance. It mainly focuses on innovative problem-solvers and young individuals with the capability to make a long-term impact on Abu Dhabi's economic ecosystem. The program aims to support participants within certain age groups to innovate, develop and sell products and services in a realistic environment. Through this program, participants will receive expert guidance and feedback, helping them reach an idea pitching stage, where they can showcase products and services in a marketplace to promote and sell them and win awards. The training camp, under the program, enables participants to apply their acquired skills in real markets across various key fields, such as science, technology, engineering, and mathematics (STEM) fields, pre-owned goods market and food and beverage kiosks. The camp will also include a stringent evaluation system to recognise exceptional talents and qualify them to be part of 'Builders of Future Launchpad.' Her Excellency Mouza Obaid Al Nasri, CEO of the Khalifa Fund for Enterprise Development, said, 'The Future Entrepreneur program is a testament to our wise leadership's progressive vision to support young talents, investing in programs to make them future leaders. Through this initiative, we aim to foster a culture of innovation among youth and reinforce national entrepreneurship, which is one of the key pillars of national economy and a driver of its sustainable growth and diversification. Furthermore, we seek to offer an enabling ecosystem to transform the aspirations of the participants into success stories at the beginning stage itself, allowing them to grow as successful entrepreneurs and create a lasting impact across Abu Dhabi's major sectors.' The initiative is going to start with an opening ceremony, in 'Nabd Al Falah' Center in Al Falah City, offering participants an opportunity to register and select their preferred pathway under the 'Inventor' or 'Trader' categories. The selected participants can then engage in a two-week summer camp and gain practical knowledge in pricing and brand development. The program will extend over a four-week period beginning mid-July, with two extensive study days per week. It seeks to nurture skills of young individuals in areas of idea generation, prototype development, budget planning, storytelling and digital tools. To register and learn more about the application criteria, please visit the website:
Al Etihad
5 days ago
- Business
- Al Etihad
KFED launches ‘Future Entrepreneur' programme to enhance entrepreneurship skills
3 July 2025 18:45 ABU DHABI (WAM)The Khalifa Fund for Enterprise Development (KFED) is launching on Friday, July 4, 2025, the 'Future Entrepreneur' programme to foster entrepreneurship skills among the youth aged between 6 and key objectives of the programme include fostering innovation, empowering young people with financial management skills, and building a new generation of national entrepreneurs using tools for excellence in a practical environment under the guidance of a committee of programme is projected to attract 5,000 participants and develop 2,500 entrepreneurial projects and 1,000 small ventures under the 'Future Entrepreneurs Permit' initiative, launched by the Abu Dhabi Registration Authority (ADRA), an arm of the Abu Dhabi Department of Economic Development (ADDED) to develop and regulate the business sector, over the next five follows a comprehensive process to select exceptional young entrepreneurs based on their eligibility, thinking methodology, creativity, and mainly focuses on innovative problem-solvers and young individuals with the capability to make a long-term impact on Abu Dhabi's economic programme aims to support participants within certain age groups to innovate, develop, and sell products and services in a realistic this programme, participants will receive expert guidance and feedback, helping them reach an idea pitching stage, where they can showcase products and services in a marketplace to promote and sell them and win training camp, under the programme, enables participants to apply their acquired skills in real markets across various key fields, such as science, technology, engineering, and mathematics (STEM) fields, the pre-owned goods market, and food and beverage camp will also include a stringent evaluation system to recognise exceptional talents and qualify them to be part of 'Builders of Future Launchpad.'CEO of the Khalifa Fund for Enterprise Development, Mouza Obaid Al Nasri, said, 'The Future Entrepreneur programme is a testament to our wise leadership's progressive vision to support young talents, investing in programmes to make them future leaders. Through this initiative, we aim to foster a culture of innovation among youth and reinforce national entrepreneurship, which is one of the key pillars of the national economy and a driver of its sustainable growth and diversification. Furthermore, we seek to offer an enabling ecosystem to transform the aspirations of the participants into success stories at the beginning stage itself, allowing them to grow as successful entrepreneurs and create a lasting impact across Abu Dhabi's major sectors.'The initiative is going to start with an opening ceremony, in "Nabd Al Falah" Centre in Al Falah City, offering participants an opportunity to register and select their preferred pathway under the 'Inventor' or 'Trader' selected participants can then engage in a two-week summer camp and gain practical knowledge in pricing and brand development. The programme will extend over a four-week period beginning mid-July, with two extensive study days per week. It seeks to nurture skills of young individuals in areas of idea generation, prototype development, budget planning, storytelling, and digital tools.
Mid East Info
6 days ago
- Business
- Mid East Info
Khalifa Fund for Enterprise Development's Abu Dhabi SME Champions Program facilitates 650+ deals worth AED672m in 2024
As part of the Abu Dhabi SME Champions Program, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving a total of 652 deals by 2024, with a total value of AED 672 million, across various key sectors such as IT, consultancy, advertising and event management. The initiative was launched in 2023 by the Abu Dhabi Department of Economic Development to increase the share of procurement opportunities allocated to SMEs by major private companies as well as government entities and institutions. As a result, the number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20. Since its inception, the programme has been focused on supporting and encouraging SMEs to participate in supply chain opportunities, by providing them with a robust platform for business development. The initiative has created new pathways for these companies to play an active role in private sector projects, thus enhancing their contribution to GDP growth, diversifying economic resources and fostering innovation within Abu Dhabi, in line with the UAE's vision for a more sustainable and diverse economy. The programme features awareness initiatives to educate SMEs on the benefits of forging strategic alliances with both government and private sector entities. It also supports efforts to classify companies, develop their skills and strengthen collaboration and partnership pathways through relevant projects. Micro-enterprises now represent over half of the registered companies, with approximately 20 per cent of them being eligible for deals with leading institutions across both public and private sectors. H.E. Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development. 'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy.' The programme's key participants include the Abu Dhabi Department of Culture and Tourism, Department of Government Enablement – Abu Dhabi, Department of Finance, Abu Dhabi Investment Office, Family Development Foundation, Early Childhood Authority, AD Ports Group, Miral Group, E&, Aldar Properties, Etihad Airways, EMSTEEL Group, Emirates Development Bank, Agthia Group, ADGM, Mubadala, Masdar City, Industrial Capital Group (ICG), and United Copper Rods LLC (UCR), among others.
Web Release
6 days ago
- Business
- Web Release
Khalifa Fund for Enterprise Development's Abu Dhabi SME Champions Program facilitates 650+ deals worth AED672m in 2024
As part of the Abu Dhabi SME Champions Program, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving a total of 652 deals by 2024, with a total value of AED 672 million, across various key sectors such as IT, consultancy, advertising and event management. The initiative was launched in 2023 by the Abu Dhabi Department of Economic Development to increase the share of procurement opportunities allocated to SMEs by major private companies as well as government entities and institutions. As a result, the number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to 20. Since its inception, the programme has been focused on supporting and encouraging SMEs to participate in supply chain opportunities, by providing them with a robust platform for business development. The initiative has created new pathways for these companies to play an active role in private sector projects, thus enhancing their contribution to GDP growth, diversifying economic resources and fostering innovation within Abu Dhabi, in line with the UAE's vision for a more sustainable and diverse economy. The programme features awareness initiatives to educate SMEs on the benefits of forging strategic alliances with both government and private sector entities. It also supports efforts to classify companies, develop their skills and strengthen collaboration and partnership pathways through relevant projects. Micro-enterprises now represent over half of the registered companies, with approximately 20 per cent of them being eligible for deals with leading institutions across both public and private sectors. H.E. Mouza Al Nasri, CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development. 'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy.' The programme's key participants include the Abu Dhabi Department of Culture and Tourism, Department of Government Enablement – Abu Dhabi, Department of Finance, Abu Dhabi Investment Office, Family Development Foundation, Early Childhood Authority, AD Ports Group, Miral Group, E&, Aldar Properties, Etihad Airways, EMSTEEL Group, Emirates Development Bank, Agthia Group, ADGM, Mubadala, Masdar City, Industrial Capital Group (ICG), and United Copper Rods LLC (UCR), among others. For any inquiries or further information, please contact: [email protected]
Al Etihad
6 days ago
- Business
- Al Etihad
Abu Dhabi SME Champions Programme facilitates 650+ deals worth Dh672m in 2024
2 July 2025 10:24 ABU DHABI (ALETIHAD)As part of the Abu Dhabi SME Champions Programme, Khalifa Fund for Enterprise Development has witnessed a significant growth in the number of deals forged between SMEs and leading public and private institutions, achieving more than 650 deals by deals totalled Dh672 million in value across various key sectors such as IT, consultancy, advertising and event initiative was launched in 2023 by the Abu Dhabi Department of Economic Development to increase the share of procurement opportunities allocated to SMEs by major private companies, as well as by government entities and a result, the number of registered companies grew from 835 in 2023 to 2,235 in 2024, with the strategic partner count increasing to its inception, the programme has been focused on supporting and encouraging SMEs to participate in supply chain opportunities, by providing them with a robust platform for business development. The initiative has created new pathways for these companies to play an active role in private sector projects, thus enhancing their contribution to GDP growth, diversifying economic resources, and fostering innovation within Abu Dhabi, in line with the UAE's vision for a more sustainable and diverse programme features awareness initiatives to educate SMEs on the benefits of forging strategic alliances with both government and private sector entities. It also supports efforts to classify companies, develop their skills, and strengthen collaboration and partnership pathways through relevant now represent over half of the registered companies, with approximately 20 per cent of them being eligible for deals with leading institutions across both public and private Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'The Abu Dhabi SME Champions Program acts as a bridge connecting SMEs in Abu Dhabi with leading institutions and government entities. This helps enhance the productivity and innovation within this vital business category, which is a cornerstone of the national economy. SMEs further play a pivotal role in catalysing Abu Dhabi's sustainable growth, aligning with the UAE's broader vision for economic development.'Led by Khalifa Fund's ongoing efforts to promote entrepreneurship, the programme has garnered significant attention from Emirati entrepreneurs over the past two years, by paving the way for collaborations with leading institutions. The programme has conducted 13 bi-monthly training sessions to date, in collaboration with at least nine partners, focusing on skill development for SMEs to meet market demands. This is a remarkable milestone in building a sustainable and innovation-based economy, in line with the UAE's aspirations to become a leading knowledge-based and competitive economy." The programme's key participants include the Abu Dhabi Department of Culture and Tourism, Department of Finance, Abu Dhabi Investment Office, Family Development Foundation, Early Childhood Authority, Abu Dhabi Projects and infrastructure, Department of Government Enablement – Abu Dhabi, Ministry of industry and Advanced Technology, Etihad Airways, EMSTEEL Group, Aldar Properties, E&, Industrial Capital Group (ICG), AD Ports Group, Miral Group, Emirates Development Bank, Agthia Group, ADGM, Mubadala, Masdar City, Aldhahra, MODON and Siemens, among others. Source: Aletihad - Abu Dhabi
