Marche Innovazione

Portale dell'innovazione nella Regione Marche

Smart Specialisation Strategy


SMEs and access to Finance in Western Balkans

Small and medium size enterprises play a crucial role in private sector development, busting innovations and accelerating the economic growth in developed and developing countries. SMEs in developing countries are particularly valuable since they develop new sectors and revitalize the stagnant ones, such as services, trade, and manufacturing. New businesses’ efficiency is comparatively higher than the big companies’ efficiency and therefore, they contribute more for employment rate` growth and market competition.