WASME was founded in New Delhi, India in 1980 as a result of the recommendation of the first ever World Conference of Small and Medium Enterprises in New Delhi in November 1980 which was participated by about 600 representatives of the world SME community.
Initially, the organization was registered as Non-Profit Organisation in India under Society Registration Act 1860, Ministry Corporate Affairs, Government of India named as “World Assembly of Small and Medium Enterprises (WASME)”. Later realizing that the name was not reflecting the character and composition of the members of the society are generally engaged in promotion and development of MSMEs and not MSMEs themselves, the Governing Body of WASME decided to change the name to “World Association for Small and Medium Enterprises” with the same acronym “WASME”. Consequently, the society in the name “World Assembly of Small and Medium Enterprises” got amalgamated into “World Association for Small and Medium Enterprises” on 19th March 1993.
When WASME was established, there were very few UN agencies or international organizations whose main goal was to support Micro, Small and Medium Enterprises (MSMEs). Not even the majority of governments did so. MSMEs also faced significant challenges in getting access to accurate, dependable, and up-to-date information, and despite their significant economic contributions, there was a dearth of advocacy for their concerns in the right forums.
In that context, the main goals of WASME were to promote the efficient dissemination of high- quality, trustworthy information, draw attention to the important roles that MSMEs play in economies, persuade national governments, UN agencies, and international organizations to prioritize the advancement of MSMEs, and represent MSMEs' interests and concerns in a variety of national, regional, and global fora. It is well known that WASME accomplished this goal, and as a result of its exceptional efforts in this field, it has gained recognition as the voice of MSMEs around the globe.
With a robust mission to build a cohesive community of Micro, Small, And Medium Enterprises (MSMEs), take necessary action to strengthen them, and positively impact the overall global economy; since inception, WASME has made a substantial contribution, both in terms of operations and policy and has played a critical role in securing greater understanding and collaboration between organisations engaged in the MSME development at national, regional and international levels, as well as the representative associations of MSMEs in WASME member countries, and in bringing about significant policy changes concerning MSMEs in both developed and developing nations. WASME became the only international NGO that enjoys consultative/ observer status with many UN agencies such as ECOSOC, UNCTAD, ITC, WIPO, UNIDO, UNESCO, UNICITRAL, UNESCAP and ILO, several intergovernmental and international organizations like WCO, OECD, ICSB, APEC, APCTT, etc. to promote and support MSMEs around the world.
Over four decades of rigorous efforts and commitment, WASME has created world largest and cohesive community for the promotion and development of MSMEs in the world including UN agencies, national and international organizations, local government bodies, regional authorities, chamber of commerce and industries, industry associations, SME promotion agencies, financial institutions, research institutes, banks, civil societies and member representatives in over 100 countries to achieve sustainable Development of MSMEs. Still, WASME is emerging as a powerful international organization with representatives in different parts of the world that include Permanent Representatives, Senior Advisors, and External Consultants etc.
WASME’s growth and expansion are not just about increasing its size but about deepening its impact. By focusing on strategic areas such as digital transformation, global outreach, and sustainable development, WASME is poised to continue its legacy as a catalyst for SME growth worldwide. As we move forward, our commitment to empowering small and medium enterprises remains steadfast, ensuring that they can thrive and contribute meaningfully to the global economy.
As the world entered the 21st century, the landscape for small and medium enterprises (SMEs) evolved rapidly, shaped by globalization, technological advancements, and shifting economic paradigms. The World Association for Small and Medium Enterprises (WASME) has been at the forefront of these changes, adapting its strategies and expanding its initiatives to meet the emerging needs of SMEs in the modern era.
Embracing Digital Transformation Recognizing the transformative power of technology, WASME has made digital transformation a cornerstone of its activities. In response to the growing importance of the digital economy, WASME launched several online platforms to provide SMEs with access to resources, training, and networking opportunities. These platforms have become vital tools for entrepreneurs looking to scale their businesses, reach international markets, and stay competitive in a rapidly changing world.
Global Advocacy and Policy Influence In the modern era, WASME has amplified its voice on the global stage, advocating for policies that support the growth and sustainability of SMEs. Through its active participation in international forums, collaborations with global organizations, and direct engagement with government bodies, WASME has been instrumental in shaping policies that promote entrepreneurship, innovation, and inclusive economic growth.
Focus on Sustainable Development With sustainability becoming a key global priority, WASME has aligned its mission with the United Nations’ Sustainable Development Goals (SDGs). The association has launched several initiatives to support SMEs in adopting sustainable business practices, reducing their environmental footprint, and contributing to social and economic development in their communities. These efforts have positioned WASME as a leader in promoting green and socially responsible entrepreneurship.
Expanding Global Reach and Impact WASME has significantly expanded its global reach during the modern era, establishing a presence in over 100 countries and forging strategic partnerships with regional and international organizations. This expansion has enabled WASME to better address the diverse needs of SMEs across different regions, offering tailored solutions that reflect local contexts and challenges.
Innovation and Entrepreneurship In the face of rapid technological change and global competition, innovation has become essential for SME success. WASME has responded by fostering a culture of innovation among its members, providing platforms for knowledge exchange, supporting research and development, and organizing events that showcase cutting-edge technologies and business models. Through these efforts, WASME continues to empower SMEs to innovate and thrive in the modern economy.
Strengthening Membership and Community Engagement In the modern era, WASME has placed a strong emphasis on building a vibrant and engaged community of members. The association has enhanced its membership offerings, providing more value through exclusive events, resources, and opportunities for collaboration. By fostering a sense of community and shared purpose, WASME ensures that its members are well-supported in their entrepreneurial journeys.
The modern era of WASME is marked by a dynamic and forward-thinking approach to SME development. As the global economy continues to evolve, WASME remains committed to supporting SMEs in navigating new challenges, seizing emerging opportunities, and contributing to sustainable and inclusive growth. Through its efforts in digital transformation, global advocacy, sustainability, innovation, and community building, WASME is well-positioned to lead SMEs into a prosperous future.
As the world looks towards 2030, the global focus on sustainable development and inclusive growth has never been more critical. The World Association for Small and Medium Enterprises (WASME) is deeply committed to aligning its mission with the global 2030 Agenda for Sustainable Development, as outlined by the United Nations. This ambitious agenda, which includes 17 Sustainable Development Goals (SDGs), serves as a blueprint for achieving a better and more sustainable future for all. WASME's 2030 Agenda is a comprehensive strategy designed to empower small and medium enterprises (SMEs) to be key drivers of this global transformation.
Empowering SMEs for Sustainable Development WASME recognizes that SMEs are crucial to achieving the SDGs, as they are often the backbone of economies, particularly in developing countries. Through its 2030 Agenda, WASME is dedicated to helping SMEs contribute meaningfully to goals such as poverty reduction, decent work, economic growth, and responsible consumption and production. By offering targeted support and resources, WASME enables SMEs to integrate sustainable practices into their operations, creating businesses that are not only economically viable but also environmentally and socially responsible.
Promoting Innovation and Technology for the SDGs Innovation and technology are at the heart of WASME's 2030 Agenda. The association is committed to fostering an environment where SMEs can leverage cutting-edge technologies to solve global challenges. This includes promoting the adoption of green technologies, supporting the digitalization of businesses, and encouraging the development of innovative products and services that address pressing issues such as climate change, clean energy, and sustainable urbanization.
Strengthening Global Partnerships WASME’s 2030 Agenda emphasizes the importance of global partnerships in achieving the SDGs. By collaborating with international organizations, governments, financial institutions, and civil society, WASME seeks to create a global ecosystem that supports SME growth and sustainability. These partnerships are vital for mobilizing the resources, knowledge, and expertise needed to drive progress towards the 2030 goals.
Capacity Building and Education Education and capacity building are key components of WASME’s strategy for the 2030 Agenda. The association is focused on providing SMEs with the skills and knowledge necessary to thrive in a sustainable economy. This includes offering training programs on sustainable business practices, financial literacy, digital skills, and leadership. By equipping SMEs with the tools they need, WASME ensures that they can play a leading role in driving sustainable development.
Advocacy and Policy Influence WASME’s 2030 Agenda includes a strong focus on advocacy, working to ensure that the voices of SMEs are heard in global policy discussions. The association advocates for policies that create an enabling environment for SMEs to contribute to the SDGs, such as access to finance, fair trade practices, and supportive regulatory frameworks. Through its advocacy efforts, WASME aims to shape a global economic landscape that is conducive to sustainable and inclusive growth.
Measuring and Reporting Impact A crucial aspect of WASME's 2030 Agenda is the commitment to measuring and reporting on the impact of its initiatives. The association is developing frameworks to track the progress of SMEs in contributing to the SDGs, ensuring transparency and accountability. By regularly assessing the outcomes of its programs and initiatives, WASME can refine its strategies to maximize impact and share best practices with its global network.
he 2030 Agenda represents a pivotal moment in WASME’s history, as the association takes on a leading role in advancing the Sustainable Development Goals. Through its comprehensive approach—encompassing innovation, partnerships, education, advocacy, and impact measurement—WASME is not only supporting SMEs in their growth but also ensuring that they contribute positively to the global effort to build a more sustainable and inclusive world by 2030. As we move towards this critical milestone, WASME remains committed to its mission of empowering SMEs to be the engines of sustainable development and drivers of global progress.