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Mission & Vision
Vision
Build an inclusive, collaborative, and innovative ecosystem for entrepreneurs to lay the foundation for economic opportunities in Kuwait.
Mission
Build a world-class institution that leverages the power of entrepreneurs to generate national economic prosperity.
Objectives
Create jobs for Kuwaitis in the private sector Increase SME participation in the economy Help create a business-friendly environment for SMEs
Our Story
In April 2013, the Government has enacted law number 98 of 2013 to establish a National Fund for SME Development (the “SME Fund”). The law is intended to help the country make a major stride in the efforts to support the youth, combat unemployment, and enable the private sector to drive economic growth. As an independent public corporation, with a total capital of KD 2 billion, the SME Fund will finance up to 80 percent of capital for feasible small and medium projects submitted by Kuwaiti nationals. The law defines eligible SMEs as enterprises that employ 1 to 50 Kuwaiti workers, with financing requirements that do not exceed KD 500 thousands.