UAE - Mubasher: The Khalifa Fund for Enterprise Development has launched its 'Level Up' project to enable startups and small and medium-sized enterprises (SMEs) in Abu Dhabi to explore new opportunities and expand their businesses.

The programme will focus on developing innovative ventures in priority sectors in Abu Dhabi to accelerate ideas, creating sector jobs, and fostering the UAE’s shift to a knowledge-based economy, according to a press release on Monday.

The project will also support up to 10 SMEs and startups by connecting them with industry specialists, potential investors, as well as buyers and partners through learning, networking events, group training, and mentor sessions.

Through 'Level Up', Khalifa Fund will bridge the gap between early-stage entrepreneurs and more established companies to help more small businesses contribute to post-pandemic economic recovery.

The project is scheduled to operate in consecutive stages, with each lasting from two to fourth and half months as per its specialised sectors.

The Acting CEO of Khalifa Fund for Enterprise Development, Mouza Al Nasri, said: "Entrepreneurs, SMEs and startups play a fundamental role in contributing to our economy. That is why we are positioning them at the heart of this programme designed to provide seamless access to new markets, technologies and expertise."