The objectives of the Genesis Initiative, established in 1999, are to encourage the creation and growth of SMEs and to support them through research, the writing of policy papers and acting as an advocate for their common interest. This complements and strengthens the efforts of established representative SME organisations. Genesis acts as a co-ordinating body, bringing together Entrepreneurs, SME Academics, SME Representative Organisations, and Members of All Party Groups within both Houses of Parliament and the Welsh Assembly. Genesis supplies policy papers from its Senate for onward transmission to Government and interested parties. Conferences, seminars and other meetings, often on a regional basis, are held to harness the collective views of the SME community and channel their vision, ethos and culture towards policy-makers/legislators.
The Genesis model has been enthusiastically supported within the European Union and a Pan-European Genesis Initiative was set up in 2001 to engage all participants within the SME family irrespective of nationality, race, creed or political affiliation.