The Agency for Business Development and Innovation (ADEI), presented Tuesday in Praia, is aimed at supporting micro, small and medium-sized enterprises and associations in boosting the competitiveness, according to news agency Inforpress. ADEI, which is responsible to the Ministry for the Economy, Growth and competitiveness, has been given the autonomy to support innovation and development of creative programmes that contribute to development of the private sector.
 

ADEI promotes the formulation and implementation of policies, equipping the private sector, making access to funding easier and developing programmes that minimise credit constraints within the sector.

The development of initiatives to improve competitiveness of natinal companies, company incubators, production, acquisition and dissemination of knowledge and improvement of innovative practices and the promotion of companies and businesses in the areas of information and communication technology are also on the list of the new institution’s responsibilities. (macauhub)