Promoting Innovation: Reflections of the Minister of Economy on the Growth of SMEs

POR Hispanic Entrepreneurs

In a recent episode of the program "Innovating and Speaking", the Minister of Economy, Development and Tourism, Nicolás Grau, shared valuable perspectives on economic growth and the crucial role of innovation in the development of small and medium-sized businesses (SMEs). . In this article, we will explore the key points raised by the minister, highlighting the importance of innovation as a driver to overcome challenges and promote a prosperous future for SMEs.

The increase in the minimum wage and its impact on SMEs:

Minister Grau highlighted the approval of a progressive increase in the minimum wage in Parliament, thus fulfilling the government's objectives. This measure represents a significant improvement for workers, but it can also pose challenges for SMEs. Grau emphasized the need for these companies to incorporate innovation as a strategy to overcome any gap that may arise due to increased labor costs.

In this sense, Grau stressed that SMEs should take advantage of innovation as a tool to increase their productivity and competitiveness. The incorporation of innovative solutions can help these companies to optimize their processes, reduce costs and diversify their offer of products or services. The ability to adapt and the constant search for improvements are key elements for SMEs to face challenges and position themselves favorably in the market.

Public policies in favor of SMEs:

During the conversation, other public policies designed to support SMEs were discussed. Mention was made of the thirty-day payment law, which seeks to guarantee that large companies automatically meet payment terms for SMEs, thus avoiding financial difficulties for the latter. In addition, the importance of the public procurement reform was highlighted, which seeks to facilitate the access of SMEs to state contracts, generating new business opportunities.

These policies seek to level the playing field and provide SMEs with a more favorable environment for their growth and development. By lowering barriers and promoting fair competition, an enabling space is created for SMEs to prosper and contribute to the country's economic growth. Likewise, these policies encourage the active participation of SMEs in the national economy, promoting diversification and job creation.

Innovation as a key to the success of SMEs:

Minister Grau stressed the fundamental role of innovation for the growth and competitiveness of SMEs. He pointed out that these companies must adopt innovation as a tool to overcome challenges and increase their productivity. Likewise, he mentioned the importance of improving access to training and the development of innovative skills for both entrepreneurs and workers of SMEs.

Innovation is not limited only to the implementation of advanced technologies, but also implies the search for new ways of doing business, the creation of disruptive models and the adaptation to the changing needs of the market. It is essential that SMEs invest in the training of their human capital, promoting the acquisition of technological skills and fostering an innovation-oriented mentality. In this way, they will be prepared to face current and future challenges, and take advantage of the opportunities that arise along the way.

The participation of the Minister of Economy, Development and Tourism, Nicolás Grau, in the "Innovating and Speaking" program, provided valuable reflections on the growth of SMEs and the key role of innovation in this process. Through public policies, incentives and the promotion of innovative skills, we seek to strengthen the entrepreneurial ecosystem and generate an environment conducive to the economic development and progress of SMEs in Chile. Innovation is thus revealed as an essential tool to face challenges and take advantage of opportunities in a constantly changing world.

Promoting Innovation: Reflections of the Minister of Economy on the Growth of SMEs