Intelligent SME.tech Issue 25 - Page 6

// LATEST UPDATES //

IT Ally launches SMB Elevate
IT Ally has launched SMB Elevate to generate extraordinary value for private equity ( PE ) firms and their portfolio companies .
SMB Elevate includes a comprehensive set of services enabled by Maestro , the value creation platform for the private equity industry . Clients on the Elevate programme begin with a deep data diagnostic analysis and value creation plans that include key initiatives to close value gaps and accelerate growth .
“ PE firms are under more pressure to significantly enhance operational value to achieve desired returns ,” said Michael Fillios , Founder and CEO , ITA .
“ This has led to a sharper focus on value creation planning and execution . The SMB Elevate solution provides the resources , expertise , tools and the ongoing services required to plan , manage and assess portfolio companies ’ growth and value creation .”
The SMB Elevate solution utilises a highly differentiated diagnostic approach to analyse existing or to create new growth strategies and delivers a tailored value creation plan .
The Entrepreneurial Nation launches ‘ ScaleUp Digitize ’
The Entrepreneurial Nation – a national project by the Ministry of Economy designed to transform the UAE ’ s entrepreneurship landscape into a globally competitive and innovative one – has launched the ScaleUp Digitize programme in partnership with Huawei .
The programme is aimed at promoting innovation and the Digital Transformation of both start-ups and SMEs in the UAE by enabling them to enhance their digital infrastructure through the adoption of cloud technologies and services . The integration of these services are set to expedite their growth to become unicorns with the ability to compete in local and international markets .
The partnership with Huawei reflects the UAE ’ s focus on ensuring the development of its entrepreneurial sector as a major pillar of the new economic model ; enhancing its sustainability and agility ; and its alignment with futuristic trends based on knowledge , innovation , technology and digitisation .
UAE and Korea launch joint programme to empower national SMEs
The UAE , represented by the National Programme for Small and Medium Enterprises ( SMEs ) and Korea , represented by Korean knowledge sharing programme managed by the Korea Development Institute ( KDI ), has launched a joint programme in the field of entrepreneurship and SMEs .
The programme is designed to support the growth of national SMEs and enhance their funding mechanisms and competitiveness , thus ensuring the contribution of new economic sectors to the UAE ’ s overall national economic growth .
The programme features the participation of 11 federal and local entities that are related to the country ’ s entrepreneurship and SMEs sectors . The members from the UAE side include the Ministry of Finance , UAE Central Bank , Khalifa Fund for Enterprise Development and Dubai SME . Apart from KDI , Korea Institute of Procurement , Hanyang University and other Korean institutes are also members of the programme .
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