By leveraging these funds, SMEs can reduce costs, scale more efficiently, and position themselves as global leaders in AI.

3. Collaboration and Cross-Border Networks: Unlocking the Power of Partnerships

For SMEs looking to expand globally, collaboration is essential. Surprisingly, many businesses—particularly in the creative industries—don’t fully realise the potential of AI in their sectors.

AI is not just for tech-heavy industries like healthcare or logistics; it can revolutionise fields such as design, media production, marketing, and the arts. AI can streamline workflows, generate creative content, and enhance artistic processes with advanced algorithms.

The European AI Alliance provides a platform for SMEs to connect with industry leaders, researchers, and policymakers, helping them explore AI’s potential.

The EU is also an invaluable resource for creative SMEs, offering funding and access to high-end technologies like supercomputers, which would otherwise be out of reach. These resources enable SMEs to experiment with AI, boost innovation, and improve global competitiveness.

4. Opportunities for Non-EU SMEs: Maximising the EU AI Frameworks and Act

While the EU’s AI Act and funding programmes are primarily designed to benefit European companies, non-EU SMEs can still seize opportunities to participate and collaborate within these frameworks.

Through strategic partnerships with EU-based companies or by establishing a local presence in an EU member state, non-EU SMEs can gain access to the EU’s funding opportunities, such as Horizon Europe and the AI Innovation Package.

Moreover, by adhering to the EU’s regulatory standards, including the ethical guidelines outlined in the AI Act, non-EU businesses can boost their credibility and appeal in the European market.
This helps build trust with EU consumers and facilitates smoother market entry, allowing non-EU SMEs to tap into Europe’s AI ecosystem, gain access to supercomputing resources, and position themselves as responsible players in the global AI landscape.

Harnessing AI for International Growth

European SMEs are at the forefront of AI-driven innovation, armed with the tools, funding, and regulatory support necessary to compete globally. By leveraging the EU’s regulatory framework, accessing robust funding, and building strategic partnerships, SMEs can break down barriers and seize international opportunities.

Stay ahead in the evolving AI landscape by utilizing resources like the European AI Alliance and the EU Digital Strategy, or contact our experts to discover how we can help you leverage AI for global growth.