Many governments of developing countries perceive micro, small, and medium enterprises (SMEs) as engines of employment, poverty alleviation, and broad-based economic growth. Growth and development of SMEs in developing countries can increase poor people's opportunities, security, and empowerment.
This note presents examples of two types of commercially viable innovations that increase productivity and growth of SMEs in developing countries: business networks and clusters and venture capital to small enterprises through a combination of equity investments and technical assistance.
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