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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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