The Role of Government in Supporting Entrepreneurship ...
[Pages:24]The Role of Government in Supporting Entrepreneurship & SME Development
Mohammed Bin Rashid Establishment For SME Development
DUBAI SME 2011
An Agency of the Department of Economic Development ? Government of Dubai
Support for Entrepreneurship ... Why?
Seed pipeline of future enterprises, create a risk-taking culture, long-term economic development, employment creation...
Support for SME Development .... Why?
Economic pay-off to support growing SMEs to be global enterprises of tomorrow.
2 An Agency of the Department of Economic Development ? Government of Dubai
National SME Network
An Agency of the Department of Economic Development ? Government of Dubai
DUBAI SME ? A government SME Development Agency
An Agency of the Department of Economic Development ? Government of Dubai
Expanding Entrepreneur Development Role to SME Development Role
Facilitate, Enable, Support and Develop
Programs focused on sectors ? policy development and advocacy (remove barriers), training & capability development (sector productivity &
competitiveness), incubation, access to finance and market access
SMEs
Entrepreneurs
? Knowledge & Skills
? Funding ? Resources ? Markets
? Strategy & Policy ? Industry/sector
focus ? Advocacy ? Management ? Funding ? Markets ? Know-how ? Innovative SMEs
(SME 500)
Focus on Intellectual Property (IP)
Creation, Attraction, Ownership, Protection, Commercial exploitation
An Agency of the Department of Economic Development ? Government of Dubai
5
MBRE's Vision, Mission & Roles
Seed
Groom
Vision
Dubai as a Global Center for
Innovative SMEs
Advocate
Mission
Foster the development of a flourishing entrepreneurial culture and a competitive
SMEs sector to support Dubai's economic development goals
Roles
Entrepreneurship Development
SMEs Development
(Groom Dubai's Top SMEs)
Focus on Policy Advocacy, Intellectual Property, Innovation, Technology & Design-
oriented businesses
An Agency of the Department of Economic Development ? Government of Dubai
6
Slide | 6
Moving Forward - The New Economic Imperative
"Better" path
Output
Productivity
(economic
growth)
"New" path
Need to move to
Innovation
new growth path
"More" path
Moving Forward: a different economic
More labor and capital
development path
From "Bigger" to "Better"
Dubai's current situation in key sectors, e.g.
? Real estate
? Decreasing returns for each additional unit of labor and capital
? Increasing macroeconomic
challenges (demographics,
environment,
infrastructure)
Reaching optimal scale
Rising cost of growth
Reaching minimum scale
Inputs
7
An Agency of the Department of Economic Development ? Government of Dubai (Labor and capSiltidael)| 7
The Dubai SME Definition
Micro
Trading
Employees
Turnover
< = 9 & < = AED 9 mn
Manufacturing
Employees
Turnover
< = 20 & < = AED 10 mn
Services
Employees
Turnover
< = 20 & < = AED 3 mn
Small
< = 35 & < = AED 50 mn
< = 100 & < = AED 100 mn
< = 100 & < = AED 25 mn
Medium < = 75 & < = AED 250 mn
< = 250 & < = AED 250 mn
< = 250 & < = AED 150 mn
According to DSC Database:
SMEs count for 95% of the total enterprise population in Dubai SMEs employ around 42% of Dubai's workforce SMEs contribute 40% of Dubai's value add
An Agency of the Department of Economic Development ? Government of Dubai
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