TechKnowledge has been named the ‘Digital Business of the Year’ at the SME Gulf Capital Digital Business of the Year Award ceremony held on September 25, at the Ritz Carlton DIFC, Dubai. The Awards identify start-ups, innovative SME’s with exemplary products and services, the SME’s who invest in their employees’ environments, customer strategies and the visionary entrepreneurs leading them. In presenting the award, the judges noted how TechKnowledge has created products that are a perfect fit for the needs of our society. Specifically included in the judge’s acknowledgement were the contributions and excellence of the Techknowledge distribution business, Al Manhal, Nahla wa Nahil, and DeepKnowledge. According to the UAE Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provides jobs for more than 86 per cent of the private sector’s workforce. In Dubai alone, SMEs make up nearly 95 per cent of all companies, employing 42 per cent of the workforce and contributing approximately 40 per cent of Dubai’s GDP. The UAE Government has ambitious plans to enhance the contribution and performance of the SME sector. Since 2012, Gulf Capital and MEED have annually presented the SME Awards identifying the UAEs SME growth champions and recognizing the organizations and people who are contributing to the ongoing development of this critical and challenging part of the UAEs economy. Digital Business of the Year Open to any UAE business trading online, this award is presented to the candidate that best demonstrates consistent growth and strong financial performance from e-commerce. Judges look for evidence of concept and product development, exceptional implementation, customer engagement & functionality and innovation. Also critical to the criteria is how the company been successful in delivering key goals, competitor advantage, growth and innovation. Judges also look for excellence in customer service, future growth plan, how the business is developing its employees and the leadership of the business.