Euro-Med Development Center for Micro, Small and Medium Enterprises (EMDC Foundation)
International Affairs - Milan, Lombardy, Italy
Euro-Med Development Center for Micro, Small and Medium Enterprises (EMDC Foundation) Employees
Euro-Med Development Center for Micro, Small and Medium Enterprises (EMDC Foundation) Details
The EMDC "Euro-Mediterranean Development Center for Micro, Small and Medium Enterprises'' – Foundation has been established on the last 17th of June, by the Milan Chamber of Commerce and the two Italian Ministries of Foreign Affairs and Economic Development as its founding members, and has been officially recognized on the 8th of July. The EMDC counts on two main Italian banks namely INTESA SANPAOLO S.p.A. as a Contributing Board Member and UNICREDIT S.p.A. as a Financial Supporter. The initiative had obtained the official recognition (‘labelling') of the 43 member countries of the Union for the Mediterranean (UpM), as well as of the European Commission and the Arab League, as initiative of specific interest for the promotion of socio-economic development in the Euro-Mediterranean Region (Barcelona, Dec. 2012). Moreover, in the framework of the so-called ‘Deauville-Partnership', started during the G8 Meeting in 2011, the initiative constitutes one of the main actions proposed by the Italian Government to support socio-economic development through MSMEs in the Euro- Mediterranean Region, and is endorsed by the European Investment Bank (EIB), the European Commission, and the Union for the Mediterranean (UpM). The ultimate goal of the EMDC Foundation is to stimulate job and value creation in the Euro-Med Area, supporting sustainable economic growth through the improvement of the commercial and financial environment for MSMEs development, strengthened business networks and shared access to knowledge and resources in order to enhance access to new markets, financial capital, and shared skills and know-how for human capital development. The networked structure is built through the stipulation of ad-hoc partnership agreements - MoU – with relevant partners in each country. To date, no. 26 EMDC Partner Agencies and Institutions supporting MSMEs have joined the EMDC Network.
