Khalifa Fund: Bridging The Gap in The Entrepreneurial

Ecosystem

Synopsis

Vision

To be a world class model for fostering entrepreneurship and developing globally competitive SMEs

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

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

KHALIFA FUND

Promote Pro-Business

Environment

Access to Business Support Services

Strengthen SME

CompetitivenessHuman

Capital Development

Organizational Excellence

Improve Market Access

Create an Entrepreneuria

l Culture

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

Receiving the

Applicant

Business

Counseling

Training

Entrepreneur

ial Skills

One to one busine

ss planni

ng sessio

ns

Project

Funding

Assisting in Creati

ng Business

Business

Support

Phases of Serving Incoming Entrepreneurs

PHASE ICounseling, Training

EDD

PHASE IIPre Funding

SupportEDD

PHASE IIIFunding

Operations

PHASE IVPost Funding and/or

Non Financial Support EDSD

The Total Number of Khalifa Fund Applicants as of 31 March 2009 is 3207

Funding Program

Number of Applicants Percentage

Khutwa 321 10%

Bedaya 2,494 78%

Zeyada 350 11%

Unspecified 42 1%

RegionNumber of Applicants

Abu Dhabi 2,339

Al Ain 681

Al Gharbia 42

Others 145

Overview of the Applications

67%

33% Male Female

76%

5% 18% Service Agriculture Industry

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

* All the numbers are as of 31st March 2009

Total number of trained applicants is

793

Geographical Distribution

139 18

Total number of conducted training sessions is 57

42%58%

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,

Funding Program 

No. of Approved Projects

As At31/03/09

AED

Approved Loan Amount

As At31/03/09

AED

Average Loan Amount

As At31/03/09

AED

Khutwa 33 6,797,782 205,993

Bedaya 127 245,574,740 1,933,659

Zeyada 16 38,031,217 2,376,951

TOTAL 176 290,403,739 1,650,021

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%

Project Funding

In-dustrial55%

Agricul-ture3%

Service42%

Approved Projects by Industry

Khutwa19%

Bedaya73%

Zeyada9%Khalifa fund approved projects

Projects Funded

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.

A short brief of some of our approved Industrial projects is as follows:

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

•Entrepreneurship development for inmates

Raddaّد�ه الّر�

•Improving entrepreneurial skills of handcrafters that are home based

Soughaصوغة

•Entrepreneurship development for rehab centers

Fursaفّرصة

•Commercializing the products of citizen’s with special needs

Amalأمل

Social Inclusion Through Entrepreneurship

Khalifa Fund Key Strategic Initiatives

DEVELOPHIGH-IMPACT

ENTREPRENEURS

INCUBATE IDEASIN THE

BUSINESS ENABLINGENVIRONMENT

Key Strategic

Aim

How to

Achieve?

DEVELOP &NURTURE

HIGH-IMPACTENTREPRENEURS

IN COLLABORATIONWITH KEY PARTNERS

(I.E. ENDEAVOR, INJAZ,INSEAD)

LAUNCH THEINDUSTRIAL INCUBATOR,

TECHNOLOGY INCUBATOR,BUSINESS INCUBATOR

ADDRESS GAPSIN THE

FINANCING CHAIN

LAUNCH THEDIRECT INVESTMENT FUND

Khalifa Fund Aims to Identify, Develop & Support High Impact Entrepreneurs

Create jobs and wealth by

unleashing talent

Develop leaders through hands-on

training and advising

Mobilize networks toattract investors and

business mentors

Produce cutting-edgeresearch and spark

innovation

Showcase rolemodels to generate

opportunity

Identify

Select

DevelopSupport

Promote

Thank You