ABU DHABI, In line with its mission of encouraging innovation among the youth and promoting SMEs, Khalifa Fund for Enterprise Development has invited creative entrepreneurs to participate in the second edition of 'Pitch@PalaceUAE' and the first edition of 'Pitch@PalaceGCC, a competition being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Pitch@Palace plays a vital role in supporting innovative enterprises and ideas at the local and regional levels, with the aim of forging a new generation of entrepreneurs from the UAE and the rest of the GCC while also fostering a culture of innovation and supporting the development of small and medium enterprises (SMEs) across countries in the region. This also falls in line with the Fund's pioneering role in supporting creativity among young people at the local and regional levels and encouraging entrepreneurs to produce innovative ideas.

Abdulla Al Darmaki, CEO of Khalifa Fund for Enterprise Development, has thanked His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his support and patronage for the second addition of Pitch@PalaceUAE' and the first edition of 'Pitch@PalaceGCC.

He praised the unlimited support given by the wise leadership, which demonstrates a strong boost to the national efforts aimed at developing a new generation of qualified UAE entrepreneurs to build a diversified knowledge-based and competitive economy. He added: "We look forward with confidence to the upcoming Pitch@Palace, which highlights Khalifa Fund for Enterprise Development's commitment to instill a culture of entrepreneurship among Emiratis and Gulf residents while also promoting a culture of innovation and sustainable growth for SMEs that will further drive social and economic development.

The first UAE edition of the competition provided the perfect opportunity for Emirati entrepreneurs and innovators to showcase their creativity to a global audience of influencers, businessmen and CEOs of prestigious companies. It spearheaded the country's quest for innovation and technological intelligence, encouraged the creative young and local minds in the field of communication, science and technology and provided them with the facilities and guidance to make their ideas a reality, thus contributing to the growth and economic diversity of the UAE and across the GCC.

Khalifa Fund focuses on supporting innovative projects and shifting the focus from economic entrepreneurship to innovative entrepreneurship in the UAE. The Fund works in in line with the UAE's national agenda to become one of the leading countries in the world by 2021. Initiatives such as these help to bolster the country's rapidly growing economy, create a diverse and innovative workforce, increase employment opportunities, contribute significantly to the GDP and enhance the country's competitive edge.

Source: Emirates News Agency