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Small and medium-sized enterprises (SMEs) are widely viewed as key sources of future European competitiveness and employment. In high-tech sectors, rapid growth can transform today's start-up into tomorrow's global market leader, and even traditional manufacturing firms have the potential to grow by absorbing new technologies developed by others. However, Europe's SMEs remain poorly equipped to fulfil this potential, with limited capacity to manage innovation and change, and to defend their intellectual property.
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