Latest news with #ObaidAlNasri
Al Etihad
08-05-2025
- Business
- Al Etihad
Khalifa Fund for Enterprise Development showcases agricultural innovations at SusHi Tech Tokyo conference
8 May 2025 15:24 ABU DHABI (ALETIHAD)The Khalifa Fund for Enterprise Development participates in the SusHi Tech Tokyo conference, which takes place in Japan from May 8-10, highlighting innovations of five sponsored projects in smart and sustainable part of Abu Dhabi's economic delegation to Japan, Khalifa Fund's participating projects in SusHi Tech Tokyo include the Gracia group, which represents a leading model in smart and sustainable agriculture in the UAE, and the Rafiq application, an innovative platform that facilitates maintenance and decoration services, in addition to three projects three startups under the umbrella of Khalifa Fund, that excelled during the Khalifa Fund for Enterprise Development competition as part of the events of the inaugural Abu Dhabi Business Week in December 2024. These projects include Hyvego, a leader in biotechnology and climate technology, Nutrigenix, which operates in the field of nutrition, and Viai Tech, which focuses on developing sports tools and applications using AI technologies. Eleven companies will be promoted under the Khalifa Fund Export Support participation at the event aims to showcase the innovative projects of the participating members and enhance opportunities for business collaboration, knowledge exchange and technology transfer. It provides a platform for Abu Dhabi's prominent figures in technology and entrepreneurship to share their innovations and exchange knowledge and experiences with their global peers, reinforcing the emirate's position as a global hub for innovation and Obaid Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'Abu Dhabi's participation in this prestigious conference demonstrates the astute leadership's dedication to utilising the most recent developments in this area and strengthening the UAE's standing as a worldwide centre for digital innovation." She added, "A component of Abu Dhabi's vision to develop an economy based on innovation is the Khalifa Fund's backing of initiatives that develop and adopt advanced technologies. Additionally, the conference offers a significant opportunity to increase collaborations with international firms that specialise in cutting-edge technologies.' More than 50,000 people from worldwide will attend the SusHi Tech Tokyo conference, which includes more than 500 start-ups. Numerous businesses that depend on the newest advancements in AI technologies and breakthroughs from a variety of industries, including architecture, food, health, finance, energy, sports, entertainment, space, web3, and generative AI, are also drawn to the event. Emirati business owners now have the chance to network with influential figures in the sector and exhibit their proposals on a global platform. Source: Aletihad - Abu Dhabi
Al Etihad
05-03-2025
- Business
- Al Etihad
Khalifa Fund for Enterprise Development offers new financial package for entrepreneurs
4 Mar 2025 17:12 ABU DHABI (WAM) The Khalifa Fund for Enterprise Development (KFED) announced the continuation of its existing funding programmes by offering new financial package to support Emirati entrepreneurs with both emerging and established projects in Abu Dhabi's priority continues to accept applications for medium and long-term loans designed to fulfil the requirements of innovative business funding programmes include the Startup Funding Programme and the Scale-up Funding Programme for existing projects, aimed at enhancing the concept of innovation, improving competitiveness, and enabling sustainable success with programmes also aim to strengthen the growth of the small and medium-sized enterprises (SMEs) ecosystem in priority sectors, including healthcare, education, agricultural technology, information technology, communications, tourism, industry, and innovative Startup Funding Programme offers a loan that covers 80 percent of the total project establishment costs, with easy terms and a repayment period of up to 84 months and a grace period of up to 24 Scale-up Funding Programme for existing projects also offers a loan to support successful and stable SMEs whose owners wish to develop and expand them. The financial support provided by the loan covers up to 80 percent of the total expansion Obaid Al Nasri, Acting CEO of KFED, said, 'We are committed to empowering entrepreneurship within the community and contributing to the establishment of a more diverse and sustainable economic model. Through this move, we seek to design financial solutions that broaden our support for projects, especially SMEs, which serve as a key pillar for establishing a sustainable economic model and a primary driver for attracting investments and boosting the competitiveness of the national economy.'The Funding programmes serve as an effective tool for supporting startups and empowering entrepreneurship. They play a vital role in driving the growth and sustainability of the national economy, as well as diversifying its sources, while also creating more job opportunities. They offer many facilities and support tools, including long-term, easy-to-manage loans, enabling borrowers to manage their financial commitments smoothly. In 2024, the fund delivered entrepreneurship training courses to 5,658 participants and group consulting sessions to 613 individuals to offer integrated support and expertise to business owners, paving the way to transform ambitious concepts into successful projects.
