Transcript Team 2K PPT Template

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
Our Strategic Goals
Create an
Entrepreneurial
Culture
Improve
Market
Access
Promote
ProBusiness
Environment
Access to
Business
Support
Services
KHALIFA
FUND
Strengthen
SME
Competitiven
ess
Organizational
Excellence
Human
Capital
Development
Who do we support?
Emirati Nationals
Services
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
Receiving
the
Applicant
Business
Counseling
Training
Entrepreneurial
Skills
One to one
business
planning
sessions
Project
Funding
Assisting in
Creating
Business
Business
Support
PHASE I
PHASE II
PHASE III
PHASE IV
Counseling, Training
EDD
Pre Funding
Support
EDD
Funding
Operations
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
Funding
Program
33%
67%
5%
19%
76%
Male
Female
Number of
Applicants
Percentage
Khutwa
321
10%
Bedaya
2,494
78%
Zeyada
350
11%
Unspecified
42
1%
Number of
Applicants
Service
Region
Agriculture
Abu Dhabi
Industry
Al Ain
681
Al Gharbia
42
Others
145
2,339
Counseling the Applicants
Advisory and Counseling Services
Acting as the initial service point to all the applicants
Referring where appropriate applicants for other services e.g.
- Training
- Idea sourcing
- Business support
Assisting applicants to develop business plans
Training
Total number of
trained applicants is
58% 42%
* All the numbers are as of 31st March 2009
Geographical Distribution
139 18
Total number of conducted
training sessions is 57
Assessing Project Viability
Assessing the business plan with the applicant identifying any gaps
and further information requirements
Discussing quantitative and qualitative factors that are relevant to
the project
Working with the applicant if required reshaping the business plan
and assessing financial projections and reviewing the payback
period
Presentation by the applicant to the project recommendation
committee
If applicable, presentation by the counselor to the executive
committee
Finance Programs
Finance Programs
Home based businesses,
Project Funding
Funding
Program
No. of Approved
Projects
As At
31/03/09
AED
Approved Loan
Amount
As At
31/03/09
AED
Khutwa
33
6,797,782
Bedaya
127
245,574,740
1,933,659
Zeyada
16
38,031,217
2,376,951
TOTAL
176
290,403,739
Average Loan
Amount
As At
31/03/09
AED
Zeyada
9%
Khalifa fund approved projects
Khutwa
19%
205,993
Bedaya
73%
1,650,021
Approved Projects by Industry
Projects
Loan Amount
% age Loan By
Sector
Industrial
71
159,875,489
55%
Agriculture
10
9,896,150
3%
Service
95
120,632,100
42%
176
290,403,739
100%
Service
42%
Industrial
55%
Agriculture
3%
Projects Funded
A short brief of some of our approved Industrial projects is as follows:
Logo
Project
Description
Cirta Electro Mechanical
Maintenance
• Cirta is an integrated service provider in the field of air ducts
manufacturing, A/C units, design supply, maintenance and fire
alarm systems
• It has been Operating since February 2008
• The loan amount is AED 3 Million
• Cirta’s revenue during 2008 was approximately 2.1 Million
• Exclusive deal with Abu Dhabi Police for 2 years for AED
1,900,000 (through Khalifa Fund).
Tashjeer Gardens
Management & Design –
Irrigation & landscape
• Tashjeer is a business that includes nursery, grass farm, and
landscaping business. The landscaping business is involved in
all stages, from design to maintenance.
• Tashjeer was established in 2002, in October 2007 Khalifa
Fund supported Tashjeer by 2 million and increased it’s loan
by 994 Thousand in July 2008.
• Tashjeer’s revenue during 2008 was approximately 12
Million.
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:
• Simplification of the process in setting up the business e.g.
• Assistance in seeking land approvals
• Providing letters of support
• Guarantees
• To serve as a central facility hub (one-stop shop)
• To reduce administrative and cost barriers in registration e.g.
• Exemption fees
Supporting & Developing
Operating Businesses
• Building Capabilities - Providing training, coaching and follow-up
courses
• Keeping track of applicant’s business performance on a regular basis
• Identify gaps or shortcomings in business performance so as to take
corrective measures
• Identify constraints/issues affecting performance or service delivery
• Recommend actions to respective departments within Khalifa Fund
• Evaluate the impact of best practices
• Promote and facilitate the formation of business linkages through a
number of initiatives
Social Inclusion Through
Entrepreneurship
Radda
‫الردّه‬
ّ
• Entrepreneurship development for
inmates
Sougha
‫صوغة‬
• Improving entrepreneurial skills of
handcrafters that are home based
Fursa
‫فرصة‬
• Entrepreneurship development for
rehab centers
Amal
‫أمل‬
• Commercializing the products of
citizen’s with special needs
Khalifa Fund Key
Strategic Initiatives
Key
Strategic
Aim
How
to
Achieve?
DEVELOP
HIGH-IMPACT
ENTREPRENEURS
DEVELOP &
NURTURE
HIGH-IMPACT
ENTREPRENEURS
IN COLLABORATION
WITH KEY PARTNERS
(I.E. ENDEAVOR, INJAZ,
INSEAD)
INCUBATE IDEAS
IN THE
BUSINESS ENABLING
ENVIRONMENT
LAUNCH THE
INDUSTRIAL INCUBATOR,
TECHNOLOGY INCUBATOR,
BUSINESS INCUBATOR
ADDRESS GAPS
IN THE
FINANCING CHAIN
LAUNCH THE
DIRECT INVESTMENT FUND
Khalifa Fund Aims to Identify, Develop
& Support High Impact Entrepreneurs
Create jobs
and wealth by
unleashing talent
Identify
Promote
Select
Develop leaders
through hands-on
training and advising
Mobilize networks to
attract investors and
business mentors
Produce cutting-edge
research and spark
innovation
Support
Develop
Showcase role
models to generate
opportunity
Thank You