Government-backed fund; Public institution; Financial institution for SMEs

The National Fund for SME Development

Kuwait City, Kuwait
4.2/5

The National Fund for Small and Medium Enterprise Development is an economic development agency based in Kuwait City,Kuwait. Established in 2013,its mission is to support the youth,combat unemployment,and enable the private sector to drive economic growth. The Fund finances up to 80 percent of the capital for feasible small and medium projects submitted by its citizens. It focuses on building an inclusive innovative ecosystem for entrepreneurs to lay the foundation for economic opportunities in the State of Kuwait.

Focus Areas

Support youth
combat unemployment
enable private sector economic growth
building inclusive innovative ecosystem for entrepreneurs
developing and diversifying the national economy
promoting entrepreneurship
ICT sector
light manufacturing
media and creative design
job creation
income diversification

Services & Support

Marketing services for funded projects (requiring data updates on electronic platform), services for funded projects via electronic services platform, benefits for projects registered in National Registry (funded or not), training and guidance for entrepreneurs and SME owners through specialized programs, information on services provided by supporting centers for SMEs in Kuwait, Financial support/funding (loans, grants, equity).

Pricing & Investment

Finances up to 80% of project capital (up to 500K KD); Small Enterprise: capital not more than KD 250,000; Medium-sized Enterprise: capital not more than KD 500,000; No interest charged,one-time fee of 2% of funding value

Program Tags

Small and Medium EnterprisesSMEEntrepreneurshipKuwaitFundDevelopmentTrainingFundingEconomic DiversificationStartupsGovernment

Key Benefits

Expert Mentorship
Industry experts and successful entrepreneurs
Global Network
Connect with partners and investors worldwide
Growth Acceleration
Scale your startup with proven frameworks
Innovation Hub
Access to cutting-edge resources

Contact Information

Mansouriya, Kuwait City, Kuwait

Program Details

TypeGovernment-backed fund
Focus Areas11

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