Latest news with #Scale-upFundingProgramme
Gulf Business
05-03-2025
- Business
- Gulf Business
New Abu Dhabi schemes offer Emiratis 80% startup funding
Image credit: Getty Images The Khalifa Fund for Enterprise Development (KFED) has announced the offering of new financial packages to support Emirati entrepreneurs with both emerging and established projects in Abu Dhabi's priority sectors. This continues its existing funding programmes. Read: The entity has been continually accepting applications for medium and long-term loans to meet the needs of innovative business ventures, a The two funding programmes run by the entity are the Startup Funding Programme and the Scale-up Funding Programme. Both programmes are channelised towards the enhancement of innovative concepts, improvement of competitiveness, and ensuring the sustainable success of business ventures with transparency for existing projects. These funding programmes strengthen the growth and function of small and medium-sized enterprises (SMEs) in sectors such as healthcare, education, agricultural technology, information technology, communications, tourism, industry, and innovative projects. '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,' said Mouza Obaid Al Nasri, Acting CEO of KFED. Functions of the two funding programmes Startup Funding Programme This programme offers a loan covering up to 80 per cent of the total project establishment costs. It also provides young entrepreneurs with easy terms, a repayment period of up to 84 months, and a grace period of up to 24 months. Scale-up Funding Programme This programme is meant for existing projects and offers loans to support successful and stable SMEs. It is designed for Emirati entrepreneurs who intend to develop and expand their businesses. The financial support provided by the loan covers up to 80 per cent of the total expansion costs. How these funding programmes empower entrepreneurs Both funding programmes not only support startups and empower entrepreneurs but also catalyse the sustainability of the national economy, diversify its sources, and create 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. The difference made so far In 2024, the fund delivered entrepreneurship training courses. The courses were designed to offer support and expertise to business owners, helping them transform innovative business ideas into successful projects.
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.
Arabian Business
04-03-2025
- Business
- Arabian Business
UAE entrepreneurs offered funding boost to cover startup and expansion costs
UAE entrepreneurs are being offered funding support to cover business startup and expansion costs. 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 sectors. KFED continues to accept applications for medium and long-term loans designed to fulfil the requirements of innovative business ventures in the UAE. Khalifa Fund for Enterprise Development in the UAE The 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 transparency. These 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 Innovative projects The Startup Funding Programme offers a loan that covers 80 per cent 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 months. The 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 per cent of the total expansion costs. Mouza 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 in the UAE. 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.
