Business

In line with its objective of encouraging innovation among the youth and promoting SMEs, Khalifa Fund for Business Development welcomes innovative entrepreneurs to take part in the second edition of 'Pitch@PalaceUAE' and the very first edition of 'Pitch@PalaceGCC, a competition being held under the patronage of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Leader of the UAE Armed Forces. Pitch@Palace plays a vital function in supporting innovative enterprises and suggestions at the local and regional degrees, with the objective of forging a brand-new generation of business owners from the UAE and the rest of the GCC while also cultivating a culture of innovation and sustaining the development of little and average enterprises (SMEs) throughout countries in the region. This additionally falls in line with the Fund's introducing role in sustaining creativity among young people at the local and regional degrees and encouraging business owners to produce innovative concepts.

Both versions of Pitch@Palace are calculated partners of the 'Pitch@Palace Global' competitors, which was released in 2014 by H.R.H Royal Prince Andrew, Duke of York in the UK. The competitors is a global platform for entrepreneurs and trendsetters to display their projects to a group of business people and executive heads of distinguished firms, to get the assistance and support to magnify their companies. The phone call for entrances will end on August 15, 2018.

H.E. Abdulla Al Darmaki, CEO of Khalifa Fund for Venture Growth, has thanked H.H. Sheikh Mohammed bin Zayed Al Nahyan, Crown Royal Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Army, for his assistance and patronage for the 2nd addition of Pitch@PalaceUAE' and the very first version of 'Pitch@PalaceGCC. He commended the unlimited support provided by the sensible management, which shows a strong boost to the national initiatives targeted at creating a new generation of qualified UAE entrepreneurs to build a varied knowledge-based and affordable economy. He included: "We look onward with confidence to the upcoming Pitch@Palace, which highlights Khalifa Fund for Enterprise Growth's dedication to instill a society of entrepreneurship among Emiratis and Gulf residents while likewise advertising a culture of innovation and lasting development for SMEs that will further drive social and economic advancement.

The first UAE version of the competitors gave the ideal possibility for Emirati business owners and trendsetters to showcase their creative thinking to a global audience of influencers, businessmen and CEOs of prominent firms. It led the nation's pursuit for innovation and technological knowledge, motivated the creative young and local minds in the field of communication, science and modern technology and gave them with the centers and advice to earn their ideas a reality, thus adding to the growth and economic variety of the UAE and throughout the GCC.

In the initial version, the competitors showcased a number of new jobs, and determined two Emirati winners who developed unique tasks, at the local and global degrees: Faraj Al Faraj, developer of the 'Brailleye' device, and Mansour Al Kaabi, creator of the 'Dwak' application. The tasks were watched at the 'Pitch@Palace Global' edition held at St. James Palace in the UK, by numerous dignitaries, entrepreneurs and global influencers.

Brailleye was an idea conceived by Faraj Al Faraj to help visually damaged people read in Braille or get audio versions of a checked message. He intended to produce a product that would certainly make the life of the aesthetically impaired easier. Brailleye has been developed to improve the self-esteem of its individuals by making them feel independent and giving them higher access to the world of publications and literature.

The 'Dwak App' is a smartphone application that makes it easy to comply with the medication regimen. This clinical application sends out automated tips to individuals every time they have to take tablets or follow course of medicine, while keeping an eye on the customer's prescriptions to advise him when it is time for a refill. Therefore, the app makes the job of staying with drugs much easier and stops potential health risks brought on by wrong dose. Mansour Al Kaabi was inspired to develop this application due to his close relationship with a professor who suffered a gotten worse health problem as a result of not being able to adhere to the suggested dosages of his medications. Although there were a few applications in the marketplace, they were not straightforward and so Al Kaabi thought of a much less complex application, which can be conveniently accessed by all age teams.

For the second consecutive year, Khalifa Fund has been advertising the concepts of innovation and sustaining SMEs by motivating business owners and innovators to join its 2nd UAE edition, which intends to develop a new generation of Emirati business owners by instilling and encouraging a culture of entrepreneurship and innovation and developing UAE SMEs to contribute to the social and economic advancement of the country. The Fund will additionally be organizing the first Gulf edition of the competitors, which aims to highlight the imaginative young people of the region-- falling in line with its technique to serve the innovative youth as an example and role model in supporting entrepreneurship and creating the spirit of innovation and creative thinking amongst Gulf youth and enhance teamwork and communication amongst Gulf business owners to attain detailed development at the local and regional levels.

Khalifa Fund focuses on sustaining innovative jobs and changing the emphasis from economic entrepreneurship to innovative entrepreneurship in the UAE. The Fund works in accordance with the UAE's national agenda to end up being among the prominent nations worldwide by 2021. Efforts such as these help to bolster the country's rapidly expanding economic climate, produce a diverse and innovative labor force, rise employment opportunities, contribute substantially to the GDP and improve the nation's competitive edge.

For enrollment and more information, please check out: http://pitchatpalaceuae.com

• Tags
• #Business
• #Magazine
• #Lifestyle