The SME HUB project is the result of a public-private partnership between the Government of Switzerland represented by the Swiss Agency for Development and Cooperation SDC and the Serbian company ICT HUB.
It is an undertaking to achieve significant changes in the entire Serbian economy with the aim of strengthening one of its main pillars – the sector of small and medium enterprises, and in the context of increasing the ability to cooperate with global market players and large domestic companies.
With a value of over seven million Swiss francs, the project will enable the transformation of 80 small and medium-sized companies over the next five years, while more than 400 local companies will be introduced to the benefits of cooperation with multinational and large domestic companies, while many will become their suppliers.
This kind of cooperation allows small producers from this country of the region to become more competitive and to improve their business. This will ensure better working conditions for at least 5,300 already hired as well as new workers.
The goal is to open the door for small and medium-sized companies to become suppliers to multinational companies operating in Serbia. We believe in the strength of Serbian companies and their ability to provide high-quality products, says Aleksandar Goracinov, director of the SME HUB project.
The Hub will work with SMEs that have the capacity, quality and expertise to supply their products to multinational companies. Business transformation will last a maximum of 24 months, after which Serbian companies will potentially acquire the conditions to become suppliers.
Small and medium-sized enterprises must have a production activity for a minimum of three years, between 15 and 250 employees and a minimum of 51 percent domestic equity capital.
Through this project, SME HUB builds long-term partnerships, enables the exchange of knowledge, technologies and best practices, which can only result in the modernization and improvement of business processes, which directly encourages the growth and development of Serbian producers.