E-business solutions to benefit SMEs, MIF

27 Nov '07

2 min read

Institutions expected to submit proposals include those with experience in developing information and communications technology services and solutions for SMEs, trade associations, universities, chambers of commerce, and research centers in Latin America and the Caribbean.

The pilot projects should benefit SMEs primarily in the areas of value chain integration, workplace productivity and efficiency and market penetration. Examples of possible ICT solutions to be used by the projects include e-commerce and e-business, e-productivity applications, knowledge management and distribution systems and mobile applications.

The ICT4BUS program will help SMEs based in the region become aware of opportunities arising from the new global economy. ICT services and solutions improve the efficiency of firms and value chains by providing better and faster communications among trading partners, improving internal processes through integrating transactions with logistics functions, reducing intermediation costs, facilitating the search for new markets and allowing better pricing policies.

The program offers matching grants to finance between 50 and 70 percent of each project, contributing between a minimum of US$100,000 and a maximum of US$500,000 for a single project.

Inter-American Development Bank

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