Launches ‘Funding on the Spot’ initiative
The festival was held under the theme ‘Your Impact. Our Economy’s Pulse’.
As part of its participation, the Fund is launching the ‘Funding on the Spot’ initiative, an innovative platform designed to facilitate entrepreneurs’ access to financing during the festival by enabling immediate eligibility assessments and providing on-site advisory support, including assessing compliance with requirements and assisting with documentation and application processes.
As part of the festival programme, HE Khalifa Al Kuwaiti, Executive Director of the Entrepreneurship Sector at KFED, participated in a panel discussion titled ‘Building Abu Dhabi as a Global Founder Platform,’ which discussed Abu Dhabi’s position within the global entrepreneurship economy and the role of alignment between government policies, capital flows, and enabling institutions in supporting start-up growth.
KFED’s participation underscores the tangible impact of its initiatives in supporting the growth of SMEs across the Emirate. To date, the Fund has supported more than 1,200 projects and provided financing exceeding AED 1.8bn, reinforcing SMEs’ role in driving economic diversification and positioning Abu Dhabi as a global hub for entrepreneurship and innovation, a press statement concluded.
