Khalifa Fund for Enterprise Development

Support Services for sustainable growth of Small & Medium Enterprises in the UAE

June 25, 2013

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The two pillars of KF strategy 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 Khalifa Fund for Enterprise Development Pillar 1 Promote and develop entrepreneurship Pillar 2 Create Enterprises 2

A mission to cultivate entrepreneurship and drive innovation through awareness and training programs

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 Direct entrepreneurs to potential projects aligned with UAE economic vision Provide advisory services during finalization and evaluation of the projects Provide support and follow up during the set up phase for Emirati Entrepreneurs

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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

The two pillars of KF strategy 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 Khalifa Fund for Enterprise Development Pillar 1 Promote and develop entrepreneurship Pillar 2 Create Enterprises 5

Fostering entrepreneurship by investing in, and supporting Emirati SMEs 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.

Financing Post-funding support

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

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.

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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

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Support Services Provided to SMEs

Securing location MOL waivers Licenses and Utilities

Set-Up phase Growth phase

Franchising Securing contracts New Market Channels

Operating phase

Sharaka & Tawasul Events Fairs and Exhibitions Hesabati Initiative

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Support in the Start Up Phase

Securing location MOL Waivers Licenses and Utilities 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 Waiving and reducing Ministry of Labor fees

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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…)

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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 • Participate in trade shows both internationally and locally • Visits to Fairs, Meetings, and site visits •

Sharaka:

Introduce members to customers •

Tawasul:

Networking amongst members • Accounting system for supported companies

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Support in the Growth Phase FRANCHISE

Improve Business competitiven ess and growth Work closely with select businesses to develop the franchising model that is workable and has the potential to expand.

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

The Khalifa Fund e-Space

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

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