Sharjah is reinforcing its commitment to entrepreneurship with the launch of a new AED 5 million ($1.4 million) “Stability Fund for Entrepreneurs,” introduced by the Sharjah Entrepreneurship Center (Sheraa). The initiative is designed to support startups and small-to-medium enterprises (SMEs) in maintaining resilience during periods of economic uncertainty.
Announced by Sheikha Bodour bint Sultan Al Qassimi, Chairperson of Sheraa, the fund is backed by a coalition of public and private sector partners. It aims to deliver rapid financial and operational assistance to businesses based in Sharjah, including those already within Sheraa’s network.
The program focuses on companies operating in strategic sectors critical to long-term economic stability, such as manufacturing, healthcare, and food security. By targeting these industries, the fund seeks to strengthen national resilience while helping businesses navigate disruptions and sustain growth.
A key feature of the initiative is its use of non-dilutive funding. Eligible businesses will receive grants that do not require repayment or equity exchange, allowing founders to retain full ownership. Beyond financial aid, the fund offers comprehensive support services, including tailored mentorship, training workshops, and access to networking platforms aimed at expanding market reach.
Participants will also benefit from connections to partner-provided tools and technologies designed to enhance operational efficiency and preparedness.
Speaking on the initiative, Sheikha Bodour highlighted Sharjah’s broader vision of fostering a dynamic, knowledge-driven economy powered by innovation and entrepreneurship. She noted that the Stability Fund equips businesses with practical resources to remain agile and confident in the face of evolving challenges.
The initiative has been welcomed at the federal level, with Minister of Economy and Tourism Abdullah bin Touq Al Marri emphasizing the UAE’s continued focus on empowering SMEs as a cornerstone of economic growth. He described the fund as a step toward strengthening Sharjah’s position as a hub for sustainable and resilient business development.
Najla Al Madfa, Vice President of Sheraa, underscored the critical role startups and SMEs play in maintaining economic momentum. She pointed out that these businesses are essential for job creation, supply chain continuity, and overall market stability—particularly during challenging times.
The Stability Fund is supported by a range of prominent partners, including Bee’ah Group, Al Hilal for Startups, National Paints, Al Madfa Investment Group, Sharjah Investment and Development Authority (Shurooq), Careem, RAK Bank, Floward, and Al Aan, alongside several government entities in Sharjah.
Aligned with the UAE’s “Proud of the Emirates” initiative, the fund reflects a unified effort to ensure business continuity and empower the next generation of entrepreneurs. It underscores a shared commitment to building a robust, future-ready economic landscape in Sharjah.
