A Small and Medium-sized Enterprise (SME) Research Center focuses on conducting research and providing support specifically tailored to the needs of small and medium-sized businesses. The primary purpose of such a center is to facilitate the growth and development of SMEs by generating knowledge, fostering innovation, and delivering targeted services. The Center conducts research on various aspects of SMEs, including market trends, industry analysis, technological advancements, and policy developments.
The SME Research Center plays a vital role in fostering innovation within small and medium-sized enterprises. It provides guidance and support for implementing new technologies, adopting best practices, and facilitating collaborations with research institutions or larger enterprises to transfer knowledge and technology. Besides, it offers a range of services to support SMEs in their growth endeavors. This can include providing business planning assistance, market research, access to financing options, training programs, mentorship, and networking opportunities.