Author : European Investment Bank
Publisher : European Investment Bank
ISBN 13 : 9286145772
Total Pages : 211 pages
Book Rating : 4.2/5 (861 download)
Book Synopsis Financing the digitalisation of small and medium-sized enterprises by : European Investment Bank
Download or read book Financing the digitalisation of small and medium-sized enterprises written by European Investment Bank and published by European Investment Bank. This book was released on 2020-08-07 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study provides an overview of the role of digital innovation hubs and snapshot of the status of digitalisation in Europe. It comes in a very timely moment. The current COVID-19 crisis has highlighted even more the importance of digitalisation. Small and medium-sized enterprises (SMEs) are at the centre of the economic crisis brought on by the COVID-19 pandemic and containment measures, more now than during the 2008 financial crisis. This has clearly shown the importance and the need to accelerate the digital transformation to make businesses more resilient and agile. The study reviews access-to-finance conditions for the digitalisation of SMEs and the role of digital innovation hubs as key enablers in the wider ecosystem. It highlights how the propensity to digitalisation and digital maturity of SMEs is not only affected by financial factors (access to finance) but also by non-financial factors (knowledge and ambition to digitalise). In particular, the study shows the crucial role of digital innovation hubs and the wider eco-system in supporting the digitalisation of SMEs. Many digital innovation hubs have taken rapid actions to respond to the COVID-19 crisis and better help SMEs in the current circumstances. The study was carried out by InnovFin Advisory in collaboration with the European Investment Advisory Hub, with the support of Gartner.