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Supported by the UAE National Media Council

University of Tampa USA praises role of Khalifa Fund in spreading culture of Entrepreneurship

posted on 14/03/2013: 728 views



Delegates from University of Tampa USA have praised the experience of Khalifa Fund for Enterprise Development in spreading the spirit of entrepreneurship among Emiratis, and the development of small and medium sized enterprises in the country.

"We are highly impressed by the progress that the Khalifa Fund is making in developing a new culture of Entrepreneurship. It appears that the Khalifa Fund Vision is insightful and the potential impact it will have on the economy is tremendous. We share a great appreciation for the role that new business development plays in the community and we highly commend their efforts", said Dr. Ronald L. Vaughn the President of The University of Tampa during his visit to Khalifa Fund's premises.

"What is particularly impressive is that the work of the Khalifa Fund not only adds richness to the lives of people beyond the basic necessities but it instils a great sense of pride. Although intangible, it is not a small thing because it's person to person lifting up a population and enriching their lives in meaningful ways", added Dr. Vaughn.

"Khalifa Fund for Enterprise Development was able to achieve lots of achievements in a short period of time, and spreading the awareness of the importance of entrepreneurship and encouraging the youths Emiratis to innovate was one of the main achievements. It also contributes in creating the appropriate environment for the growth of SMEs in UAE", said Mouza Obaid Al Naseri the Director or Entrepreneurship Development Department in Khalifa Fund.

"The Fund was able to create good harmony between the financial, technical and training needs for the entrepreneurs which enable them to start unique and promising businesses, and she also presented the Fund's achievement for the delegates", added Al Naseri.

"The Fund exposed to different experiences in entrepreneurship but it developed a special concept about improving the entrepreneurship in the country in a way that suits the society and its values. The Fund continues its effort to improve its services in the field of increasing the standards of managing the SMEs and to remove all risks' factors in order to allow them to contribute in the economy of Abu Dhabi", she explained.

"Khalifa Fund provides integrated and comprehensive programmes that cover the needs of entrepreneurs during their efforts to establish or expand an investment activity. That includes training, providing the data base, counselling services, mentoring as well as marketing and promoting services", explained Al Naseri during a presentation for the delegates.

The Fund also provides various financial solutions with a low profit for the visible projects which will add to the country economy like (Khutwa, Bedaya, Zeyada '&' Tasneea) and those cover the different society segments.

By end of 2012, Khalifa Fund approves financing 460 projects with total investment amount of Dh758 million in different sectors.

The USA delegates were impressed with the achievements and comprehensive experience of Khalifa Fund, and they showed interest to collaborate with the Fund in the spreading the spirit of innovation and entrepreneurship among Emiratis.

"We are glad to be connected with a strategic partner in the United Arab Emirates in the field of entrepreneurship and we are hoping that it will be the beginning of fruitful cooperation between both parties", said Dr. Frank Ghannadian the Dean of the John H. Sykes College of Business.

The University of Tampa delegates include a number of Board of Trustees and the academic staff as well. They are planning to visit few Governmental entities in the country. – Emirates News Agency, WAM

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