Work and business
SME (small and medium-sized enterprise)
In short
A small or medium-sized business, within employment and turnover limits set by the EU.
The EU defines SMEs by headcount and either annual turnover or balance sheet total.
The definition matters for subsidies and rules such as the AI Act, so check which category your business falls in.
Official source: European Commission
Tools that use this term
EU AI Act screening checklist for SMEs01EU AI Act screening checklist for SMEsBusinessRules & sources