Friday, March 01, 2019

What Is a Scale Up Business?

The scaling up of SMEs is key to boost productivity and achieve inclusive growth.  The Organization for Economic Cooperation and Development (OECD)-Eurostat Manual on Business Demography Statistics (2007) defines high-growth enterprises as “enterprises with an average annualized growth greater than 20% a year, over a 3-year period, and with 10 or more employees at the beginning of the observation period."

But what is a scale up business?

Learn more by reading a paper on Enabling SMEs to Scale Up.  This paper was prepared as a background document to the OECD Ministerial Conference on Small and Medium-sized Enterprises, taking place on 22-23 February 2018 in Mexico.

Key finding:  Start-ups that scale up provide a key contribution to job creation and key drivers of competitiveness.

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