are firms that are leading on productivity
According to the Scale-Up
Institute, the decline in the proportion of those scale-ups
increasing their employment could result from a lack of available talent and skills limiting their ability to expand.
It's also advisable to limit the scale-up
to as small a diameter change as possible.
programme is a key pillar of the Future Now ecosystem that aims to provide a collaborative platform for innovators, partners and customers to expedite the adoption of such cutting-edge technologies.
are companies with a proven business model and are at a pivotal point for growth in their life cycle.
firms in Saudi Arabia face a further challenge of attracting talent to work for them due to the reluctance of Saudi nationals to give up the healthy salaries and security of working for the public sector, the report said.
The meeting continued with a panel discussion on the main external challenges facing scale-up
SMEs, with references to the future of access to finance in Jordan and the regulatory and legislative changes needed in order to facilitate the companies' operation and scale-up
This can be key to achieving high growth - two in five scale-ups
claim new markets were the turning point tha t led to their rapid expansion.
The same study found that while a conventional firm hires on average 0.34 employees per year, a scale-up
creates a hundred times more opportunities in the same period.
I am not saying that small companies that don't meet the scale-up
criteria aren't beneficial to the economy, and I am not saying that they don't also deserve our praise and backing.
I prefer the term 'scale-up
', it sounds as ambitious as the entrepreneurs themselves, and describes exactly what these companies are doing.
Executive Director of Social Development Centre Amal al Mannai speaking about the entrepreneurship programme that it started in 2001, said the initiative was started to encourage the youth and women to take up production and business development, particularly startup and scale-up