Andorra touts SMEs as growth engine, unveils National Plan for Innovation

Andorra defended the decisive role of micro, small and medium-sized enterprises in its economic future at the VII Ibero‑American MIPYME Forum in Tenerife. Secretary of State for Business, Economic Diversification and Innovation Marc Saura took part in discussions on the challenges and opportunities facing MIPYMEs across Ibero‑America.

Saura said talent and innovation will be the main drivers of Andorra’s economic growth in coming years. He noted that micro, small and medium enterprises make up 99% of the country’s productive fabric and argued that strengthening these firms and equipping them with the tools to compete is essential as the global economy evolves quickly.

He argued that Andorra’s small scale and the close proximity among companies, public institutions and knowledge centres give the country a singular opportunity to consolidate a compact innovation ecosystem. The government intends to encourage innovation across traditional sectors to add value and open new areas of growth.

Saura also outlined planned policy measures: a new National Plan for Innovation to guide economic diversification and competitiveness, and a proposed Innovation Law aimed at removing barriers, modernising procedures and adapting regulation to the needs of current businesses and emerging sectors.

The VII Ibero‑American MIPYME Forum, promoted by the Ibero‑American General Secretariat (SEGIB) and the Council of Ibero‑American Businesspeople (CEIB), brought together governmental, business and institutional representatives from more than twenty countries. This year’s programme focused on three pillars—talent, territory and digital transformation—that organisers regard as key to the future competitiveness of small and medium enterprises.