Fourth edition of Khalifa Fund award announced

The Khalifa Fund for Enterprise Development has announced the launch of the fourth edition of the Khalifa Fund Award for Entrepreneurship, in line with its goal of instilling a strong spirit of entrepreneurship and fostering a culture of leadership.

By Staff Report

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Published: Wed 31 Jul 2013, 10:51 PM

Last updated: Sat 4 Apr 2015, 9:43 AM

The award is a catalyst for the widespread adoption of entrepreneurial values, creating an environment of positive competition among owners of small and medium enterprises (SMEs). It will serve as a stimulus for the concepts of creativity and innovation, thereby strengthening candidates’ capabilities. By encouraging and assisting entrepreneurs to transform their innovations into financially viable projects, the business community will be better positioned to support the development process and evolution of the Emirate of Abu Dhabi.

Abdullah Saeed Al Darmaki, chief executive officer of the Khalifa Fund, said: “Our launch of the fourth edition of this prestigious award reflects our ambitious vision and embodies our commitment to facilitating knowledge transfer among entrepreneurs. This will cultivate a strong spirit of competitiveness, leading to stronger entrepreneurial skills, greater efficiency and more prudent investments. The SME sector plays a pivotal role in our economy, and helps to consolidate the emirate’s position as a magnet for smart entrepreneurship in the region.”

According to Al Darmaki, the jury consists of highly respected representatives from the Khalifa Fund for Enterprise Development, Abu Dhabi Department of Economic Development, a national bank and an economic organisation. The judging committee’s responsibilities include sorting the applications, conducting the initial evaluation of candidates’ submissions, visiting the projects on-site, interviewing the owners and conducting the final screening before announcing the results.

— business@khaleejtimes.com



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