November 5, 2024 5 min read
Digital Transformation of SMEs: Differences between the three Strand Actions

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For the convenience of stakeholders, a file summarising the main characteristics and differences between the actions "Basic Digital Transformation of SMEs", "Advanced Digital Transformation of SMEs" and "Cutting Edge Digital Transformation of SMEs", which are in force under the Digital Transformation of SMEs Action Line.

Key SME Digital Transformation

Action 1 concerns enterprises which have not yet incorporated significant
information and telecommunications technologies (ICT)
in their operations and aim to cover basic deficiencies in applications and equipment.

The main objective of Action 1 is the digital upgrading of SMEs through the implementation of basic digital transformation actions with modern information and communication technologies (ICT) so that the supported enterprises are able to meet the increased digital requirements of the modern market.

The Action encourages, as a priority, the implementation of targeted digital transformation actions that contribute to an outward-looking, innovative, competitive and sustainable critical production of higher value-added products and services.

Advanced Digital Transformation of SMEs

Action 2 concerns businesses that aim to expand their digital and technological maturity with integrated investments in new ICTs that will upgrade their competitiveness.

The main objective of Action 2 is the upgrading of SMEs of Medium Digital Maturity through the use of advanced systems and technologies with which they can improve their position in international markets, enhance operational flexibility, improve the production process and upgrade their competitiveness.

The Action encourages, as a priority, the implementation of targeted digital transformation investment projects that contribute significantly to an outward-looking, innovative, competitive and sustainable operation of higher value-added product and service production enterprises.

Digital Transformation Cutting Edge SMEs

Action 3 is for businesses that have already integrated ICT in many of their operations and are now looking to make integrated investments in cutting-edge technologies or 4th industrial revolution solutions.

The main objective of Action 3 is to upgrade SMEs with cutting-edge technologies or advanced digital systems of the 4th industrial revolution and, in addition, to meet specific needs in information and communication technologies (ICT) that enhance their productivity and competitiveness.

The Action encourages, as a priority, the implementation of targeted digital transformation investment projects that contribute to an outward-looking, innovative, competitive and sustainable critical production of higher value-added products and services.

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