The Small and Medium Entrepreneurship Development National Center (SME DNC) provides state support to small and medium entrepreneurship in the country. SME DNC carries out its activities through a network of regional branches and representative offices covering all marzes (regions) of Armenia.

SME DNC’s duties are to:

  • Ensure effective dialogue between SMEs and the government
  • Increase efficiency and competitiveness of SMEs
  • Ensure availability of business development services for SMEs
  • Expand access to finance for SMEs
  • Promote innovations and R&D activities of SMEs
  • Assist establishment of new SMEs
  • Support internationalization of SME activities.

SME DNC is also a member of the Enterprise Europe Network. The Enterprise Europe network serves as a “one-stop shop” for SMEs, providing free information and practical advice on market opportunities and on EUrelevant legislative and regulatory requirements for export purposes.

The Enterprise Europe Network helps SMEs to find suitable business partners using its business and technology cooperation database, provides information on tender opportunities and supports international networking.

SME DNC is governed by a Board of Trustees headed by the Minister of Economy. Members of the Board of Trustees include the Deputy Ministers of Economy , Finance and Agriculture, President of Union of Entrepreneurs of Armenia, the Head of Expertise and Analysis Department of the Government, the Head of the “Armenian Entrepreneurship Small and Medium Entrepreneurship Association”, the Executive Director of the Union of Business Support Organizations, the Deputy President of Union of Manufactures and Businessmen (Employers) of Armenia, the Executive Director of the Union of Banks, and the Executive Director of the Union of Information Technology.

 

Phone: (374 10) 541648, 563714, 583261

Email: info@smednc.am

Address: 5a Mher Mkrtchyan, 0010, Yerevan, Armenia

 

 

*Acknowledgement – this content is provided from Investment Guide Armenia 2013 upon approval. – Full report here