The Khalifa Fund for Enterprise Development has aimed to empower 1,000 entrepreneurs during the first six months of the The Emirates: The Startup Capital of the World campaign, with aspirations to achieve greater results in the upcoming stages.
Mouza Obaid Al Nasri, CEO of the Khalifa Fund for Enterprise Development, said on the sidelines of the launch of the national campaign ‘The Emirates: The Startup Capital of the World’, that the Khalifa Fund will offer around 70 specialized training courses under six different categories, covering all stages of the entrepreneurial journey, from the idea stage, to establishment, and through to business growth.
She added that the Khalifa Fund has provided support exceeding $381 million (AED1.4 billion) to more than 1,200 companies since its establishment in 2007 until the end of last August, and it will fully contribute to supporting the goals of the national campaign by investing in human capital, empowering youth, and supporting small and medium-sized enterprises (SMEs).
The Ministry of Economy and Tourism outlined key initiatives under the ‘The Emirates: The Startup Capital of the World’ campaign, which include the launch of the StartupEmirates.ae platform, which aims to attract 10,000 entrepreneurs and create 30,000 jobs within five years.
The campaign will also train 10,000 Emiratis through the Entrepreneurship Program, and license 500 Emiratis to manage residential construction projects under the Project Management Experts Program.
Other initiatives include supporting 250 Emiratis in establishing national real estate companies, licensing 500 Emirati tax agents through a three-year training program, and launching a national exhibition to raise early-stage entrepreneurship awareness across educational institutions.
Additionally, the campaign will see the launch of a Graduate Business Projects Exhibition, and improve national startups involvement in and access to federal procurement systems under the umbrella of the Ministry of Finance.
