HomeCommunication & Tecnologies

Small- and Medium-Sized Enterprises

Small- and Medium-Sized Enterprises

Hitachi – An infrastructure for accelerating user-friendly manufacturin
Threat Intelligence: definizione e perché è importante per un ‘azienda
Il rapporto di Draghi sull’ intelligenza artificiale

devlp_entrp-amac_crowd_analyzer

Small- and Medium-Sized Enterprises (SMEs) account for over 80% of the enterprises in the Middle East and North Africa (MENA) region, and contribute a similarly high percentage of the region’s jobs. In comparison with larger firms, SMEs provide greater benefits to society in terms of job creation, and as a result, poverty alleviation.

Unfortunately, SMEs in the Arab world are too often hindered by a lack of access to three important requirements to grow and prosper—financing, business development services, and access to trade and capital markets. To help catalyze job creating industries in the region, Silatech partners with various investment platforms to provide SMEs with much-needed risk-sharing capital and business development services. To date, Silatech’s SME Unit has projects in Qatar, Tunisia, and Morocco, with plans to extend to other countries in the region.

Access Strategy

Silatech employs a three-pillar framework to give SMEs access to what they need to grow and thrive in today’s competitive global economy.

1. Access to Finance

Businesses need investment capital to grow. However, due to their perceived risk, SMEs in the Arab world face countless obstacles accessing capital from commercial banks. Lack of access to finance opportunities presents a serious problem for SMEs in the region.

To help bridge the finance gap, also referred to as the “missing middle,” Silatech’s SME Unit is developing partnerships with select country-level SME equity funds, with the goal of creating job opportunities for young Arabs by ensuring that SMEs have adequate financing to support their. Silatech focuses on countries with a healthy pool of SMEs, and on sectors and enterprises with the best potential for high growth and job creation. By providing seed and growth capital to invest together with our socially conscious equity fund partners, we work to open up access to finance for SMEs and spur the creation of sustainable, quality jobs.
2. Access to Business Development Services (BDS)

Access to capital alone is not enough for SME success, though. Financing needs to be accompanied by Business Development Services (BDS) that provide companies with the knowledge and tools they need to compete. In the Arab world, Business Development Services are minimal, and in many areas virtually nonexistent. Silatech’s SME Program works to alleviate this gap by providing SMEs with quality BDS.

Through its Innovation Management via Mentoring and Advisory (IMMA) program, Silatech provides Business Development Services to Small- and Medium-Sized Enterprises through a comprehensive 10-point system. The IMMA program is supported by Silatech’s first technical assistance facility (TAF).
3. Access to Markets

Access to finance and BDS is essential, but without access to regional markets, the growth potential of SMEs is constrained to their domestic markets. To help give SMEs access to the wider markets they need for long-term growth and expansion, Silatech is developing innovative new programs that will facilitate access to trade as well as junior capital markets.

Silatech’s SME Unit is developing a variety of initiatives to help give SMEs access to markets.

SME Clusters

By forming sector-focused clusters of Silatech-funded SMEs—first on a national level and then across the MENA region—advantageous linkages can be built among complementary SMEs throughout the region. These SME Clusters will allow SMEs to benefit from mutual comparative advantages, and to gain access to new regional markets

Export Readiness Programs

Export Readiness Programs will provide guidance to SMEs regarding product design, productivity, and marketing for regional and international customers, as well as help them to establish their regional and international buyers’ database. By helping SMEs attain certified international standards, these Export Readiness Programs will thereby open up previously inaccessible regional and international markets for trade.

 

Fonte: silatech.com

Commenti