Transcript PART THREE: PROSPECTIVE SECTORS FOR INVESTMENT in …

PART THREE: PROSPECTIVE
SECTORS FOR INVESTMENT
in the UAE
Entrepreneurship and SMEs in the UAE
Ch 13
What is an Entrepreneur?
One who creates a new business in the face of risk
and uncertainty for the purpose of achieving profit
and growth by identifying opportunities and
assembling the necessary resources to capitalize on
them.
The World of the Entrepreneur
• Entrepreneurs and Entrepreneurship
• Significant variation in the levels of entrepreneurial
activity across the globe.
• Many factors determine the levels
- Access to funding
- Culture
- Tax and Regulation
- Education and Training
- Coordinated and Support
Ch. 1: The Foundations of Entrepreneurship
Ch. 1: The Foundations of Entrepreneurship
Adapted from Global Entrepreneurship Monitor, 2008 Report, U.S.A
global-entrepreneurship-value-by-country
The World of the Entrepreneur
• Every year U.S. entrepreneurs launch 550,000
new businesses.
• Entrepreneurial spirit - the most significant
economic development in recent history.
• GEM study: 18.7% of adult population in the
U.S. is actively involved in trying to start a new
business.
Small Businesses ...
• Make up 99.7% of the 30.14 million
businesses in the U.S.
• Employ 51% of the nation’s private sector
workforce.
• Create more jobs than big businesses.
– 60% to 80% of net new jobs over the last decade
• Are leaders in offering
training and advancement opportunities to
workers.
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Small Businesses ...
(continued)
• Produce 51% of the nation’s private GDP.
• Account for 47% of business sales.
• Create 13 times more patents per employees
than large companies.
– Zipper, light bulb, FM radio, laser,
air conditioning, escalator,
personal computer,
automatic transmission,
and many more!
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FIGURE 1.5 Small Business by Industry
Source: U.S. Small Business Administration, 2007.
Entrepreneurship and SMEs in the UAE
UAE government supports young business
people to establish successful ventures.
1. Khalifa Fund for Enterprises
Development
2. Mohammed bin Rashid Establishment
for Young Business Leaders.
3. Sheikh Saud bin Saqr al Qasimi's Fund
for SMEs
Entrepreneurship and SMEs in the UAE
Khalifa Fund for Enterprises Development
Khalifa Fund was launched on 3 June 2007 to help
develop local enterprises in Abu Dhabi, with a total
capital investment of AED 2 billion. The Fund aims to
create a new generation of Emirati entrepreneurs by
instilling and enriching the culture of investment
amongst young people, as well as supporting and
developing small to medium-sized investments in the
Emirate.
Entrepreneurship and SMEs in the UAE
Khalifa Fund for Enterprises Development
The Fund has developed a system of support services
for entrepreneurs. These include training, development,
data and consulting services, in addition to a number of
marketing-focused initiatives.
Financing solutions are offered for viable projects,
which help to feed the national economy. These
financing programs are Khutwa, Bedaya and Zeyada,
which cover all project segments.
http://www.khalifafund.ae
Entrepreneurship and SMEs in the UAE
Mohammed bin Rashid Establishment for
Young Business Leaders.
The Sheikh Mohammed Bin Rashid Establishment for
Young Business Leaders (Dubai SME) was established by
His Highness Sheikh Mohammed Bin Rashid Al
Maktoum, UAE Vice President and Prime Minister and
Ruler of Dubai, with a vision to nurture business
leadership through entrepreneurial spirit. And Dubai
SME is responsible for developing that entrepreneurship
in Small and Medium Enterprises.
“Mohammed Bin Rashid Awards for Young Business
Leaders”
Entrepreneurship and SMEs in the UAE
Mohammed bin Rashid Establishment for
Young Business Leaders.
One of the major goals for Dubai SME is to implement
strategies and plans to promote innovation and business
leadership in accordance with the UAE Vision 2021. The
Vision foresees an economy that encourages creativity
and translates ideas into successful businesses.
It is people like you who make Dubai grow: people with
vision, people with the entrepreneurial spirit necessary to
start a business and develop it over time.
(Nationals/Expats
http://www.sme.ae
Entrepreneurship and SMEs in the UAE
Sheikh Saud bin Saqr al Qasimi's Fund for
SMEs
The Ruler of Ras Al Khaimah and member of
the Supreme Council of the United Arab
Emirates initiated an institution to support
young business people in RAK city.
UAE Entrepreneurship Head News
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UAE Encourages Young Entrepreneurs
Why is the UAE a Good Place to Start a Business?
Venture Capital & Funding
Gulf Venture Capital Association
Dubai International Equity
Abu Dhabi Investment House
HBG Holdings
UAE Women Entrepreneurship
Women Entrepreneurs in the UAE
Voice of UAE Women Business Leaders
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