Sheikh Khalifa launched Khalifa Fund for Enterprise Development in 2007 to help develop local investment and entrepreneurs, as well as to support and develop small to medium-sized investments in the emirate.
The fund targets capable, young graduates as well as young businessmen and businesswomen with creative business ideas, coupled with strong administrative and managerial skills.
Khalifa Fund provides funding solutions for a variety of feasible projects that serve the interests of the national economy in different sectors and project categories such as farming, fishing, agriculture and even home-based businesses. These programs include: Micro finance, Khutwa, Bedaya, Zeyada, Tasnea, Zaarie and Al Hasela.
In addition, the fund offers a number of outreach programmes which targets certain categories in UAE community. Some of these are:
- Al Radda programme - this is implemented in collaboration with the Abu Dhabi police. The initiative aims to provide Emirati inmates the opportunity to enter the business sector and reintegrate into society after serving their sentences.
- Ishraq programme - this is implemented in collaboration with the National Rehabilitation Centre. The programme offers the opportunity for recovered drug addicts (citizens) to enter the business sector and reintegrate into society.
- Sougha programme - this aims to preserve the cultural heritage by encouraging entrepreneurship in handicrafts. It targets all artisans and women within the UAE.
- Amal programme - this aims to familiarise Emiratis with special needs with specific business sectors, through identifying the appropriate course-of-action, taking into consideration their disabilities, providing counselling services, as well as financial and non-financial support.