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ACT SME

Accelerating Cross-Border transaction of SME

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ACT SME

Assessment

ACT-SME helps SMEs to adapt to global competition and internationalise to enhance their competitiveness and support their growth potential, also and especially in a cross-border transaction perspective.

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Assessment

Training

Training is the main result of the ACT-SME project, specifically designed for SMEs to build their capacity and overcome what are very often only informational or operational barriers to internationalization.

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Training

Partners

ACT-SME includes 8 partners from 6 countries representing the various participants from SMEs’ internationalization process and VET systems.

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Glossary


Internationalization Glossary

Online multilanguage trade and business glossary to help users identifying concepts and terms in everyday activities, thus boosting market opportunities, by creating synergies, building trade relationships and networks between SMEs.

Abbrevation

Business IT
Commercialization
Internationalization
Market Study

An abbreviation (from Latin brevis, meaning short[citation needed]) is a shortened form of a word or phrase. It consists of a group of letters taken from the word or phrase.

Access to Finance Portal

Business IT
Commercialization
Internationalization
Market Study

As one of the most important issues facing SMEs is their difficulty accessing finance, “The EU Commission works with financial institutions to improve the funding available to SMEs by stimulating the provision of loans and venture capital through financial instruments.
The Commission also helps EU countries share good policy on improving access to finance which allows them to benefit from the experience of others”. http://ec.europa.eu/growth/access-to-finance_it

ATR (CERTIFICATE OF FREE CIRCULATION)

Internationalization

An ATR document enables goods to qualify for tariff preferences on imports and exports between countries. Comprehensive information on ATR’s can be found in Customs Notice 812.

Bill of Lading

Business IT
Commercialization
Internationalization
Market Study

A bill of lading is a legal document between the shipper of goods and the carrier detailing the type, quantity and destination of the goods being carried. The bill of lading also serves as a receipt of shipment when the goods are delivered at the predetermined destination.

Bretton Woods System

Business IT
Commercialization
Internationalization
Market Study

The Bretton Woods is the landmark system for monetary and exchange rate management established in 1944. It was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944. Under the agreement, currencies were pegged to the price of gold, and the U.S. dollar was seen as a reserve currency linked to the price of gold. The System, however, collapsed in 1971 when the US suspended the Dollar's convertibility ($20.67 per ounce) to gold in August, devalued it in December, and thereafter opted for a floating exchange rate.

Business Intelligence (BI)

Business IT

Business Intelligence (BI) comprises the set of strategies, processes, applications, data, technologies and technical architectures which are used by enterprises[citation needed] to support the collection, data analysis, presentation and dissemination of business information.

Business to Business – B2B

Business IT
Commercialization
Internationalization
Market Study

Business to business, also called B to B or B2B, is a type of transaction that exists between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.

Call for Expression of Interest

Business IT
Commercialization
Internationalization
Market Study

“A Call for expressions of interest (CEI) invites economic operators to put themselves forward as candidates in advance of public procurement operation launched by a contracting authority.
They can be seen as a way of generating shortlists which may be updated many times, and used by all the Commission services for many different procurement procedures”. http://ec.europa.eu/regional_policy/it/newsroom/funding-opportunities/calls-for-expressions-of-interest/

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This project has been funded with support from the European Commission.
This web site and its contents reflects the views only of the authors, and the Commission cannot be held responsible for
any use which may be made of the information contained therein.

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