Support to SME Digitalisation
Project Description
Support to SME Digitalisation, launched through a 2 million euro grant agreement with the European Commission on November 7, 2023, is a three-year initiative dedicated to helping small and medium-sized enterprises (SMEs) on their digital transformation journeys.
The program operates within the framework of regional consulting centers (Growth Hubs), strategically designed to facilitate the seamless administration of its tailored approach. The project covers two pivotal dimensions: firstly, a robust awareness campaign aiming to enlighten SMEs about the transformative potential benefits of digitization. Through a targeted marketing campaign, the initiative seeks to instill a profound understanding of the benefits and opportunities arising from embracing digital technologies. Secondly, the project places a significant emphasis on empowering the SMEs by raising the digital skills of their employees and encouraging them to purchase and implement digital tools/solutions by increasing their access to finance through grants of up to 25,000 GEL.
To administer the project, LEPL Enterprise Georgia will recruit Digital Transformation Experts (DTEs) to conduct digital diagnostics of each individual firm, and produce tailored digitalisation plans. Over the three years, the project aims to fund the procurement of digital tools/solutions for 120 SMEs, and train the staff of 300 SMEs. Ultimately, the project aspires to be a catalyst for SME productivity, economic growth, increased competitiveness, and job creation.
The program operates within the framework of regional consulting centers (Growth Hubs), strategically designed to facilitate the seamless administration of its tailored approach. The project covers two pivotal dimensions: firstly, a robust awareness campaign aiming to enlighten SMEs about the transformative potential benefits of digitization. Through a targeted marketing campaign, the initiative seeks to instill a profound understanding of the benefits and opportunities arising from embracing digital technologies. Secondly, the project places a significant emphasis on empowering the SMEs by raising the digital skills of their employees and encouraging them to purchase and implement digital tools/solutions by increasing their access to finance through grants of up to 25,000 GEL.
To administer the project, LEPL Enterprise Georgia will recruit Digital Transformation Experts (DTEs) to conduct digital diagnostics of each individual firm, and produce tailored digitalisation plans. Over the three years, the project aims to fund the procurement of digital tools/solutions for 120 SMEs, and train the staff of 300 SMEs. Ultimately, the project aspires to be a catalyst for SME productivity, economic growth, increased competitiveness, and job creation.
Specific Objective
The specific objectives of the Action include:
• Increased inclusion of digital tools in SMEs daily operations - Share of beneficiary SMEs that report increased use of digital tools (target 80% by 2027);
• Encourage SMEs to invest in digitalisation - by 2027, around 213,432 EUR (600,000 GEL) is raised in additional capital by supported SMEs to invest in digitalisation efforts;
• Increased inclusion of digital tools in SMEs daily operations - Share of beneficiary SMEs that report increased use of digital tools (target 80% by 2027);
• Encourage SMEs to invest in digitalisation - by 2027, around 213,432 EUR (600,000 GEL) is raised in additional capital by supported SMEs to invest in digitalisation efforts;
Expected Results
The overall objective of the Action is to boost the productivity, economic opportunities, and resilience against shocks in the SME sector through digitalisation.
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PROJECT DETAILS
Georgia
Priority Area:
Partnership that empowers Subsector:
Inclusion Topic:
Business Project Status:
Ongoing Start Date:
07.11.2023 End Date:
07.11.2026 EU Project Number:
448-839