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Trends in Tech MSMEs and Startup Support

image of Trends in Tech MSMEs and Startup Support

Micro, Small and Medium Enterprises (MSMEs) are a major engine of economic growth and job creation. MSMEs make up more than 95% of all businesses worldwide and two thirds of all formal jobs. Evidence also suggests that these MSMEs account for 60-70% of gross domestic product (GDP) globally. Most importantly, MSMEs often represent a potential path out of poverty for many developing countries.

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Foreword

Micro, Small and Medium Enterprises (MSMEs) play a key role in our society. These organizations create jobs, contribute to global GDP and, most importantly, they are fundamental in driving innovation. This is particularly the case of MSMEs focused on providing products and services through the use of Information and communication technologies (ICTs), also known as “tech MSMEs”. The rise of new technologies has created a momentum for tech MSMEs, which have become important actors at local, national, and global level.

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