Resources

Global SME and Corporate Innovation Survey 2017

Both SMEs and large corporations are being disrupted by radical changing business models and digital transformation. Corporate innovation instruments become extremely critical for corporations to stay competitive. However, many SMEs don't have sufficient R&D budgets to invest in innovation. The concept of "Open Innovation" - working with innovative startups "MSMEs" - is one way to mitigate and overcome this deficiency. However, studies show that around 70% - 90% of all innovative MSME integrations with corporations failed. Now more than ever, success in corporate innovation is linked to successful integration of MSMEs / startups into APEC-based SMEs and corporations.

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From SMEs to Hidden Champions by Innovation and Networking with Leading Multinational Corporations (MNCs) – The Case of Chinese Taipei

Best practices in industrial development, specifically the fastener industry. The competitiveness of the fastener industry in Chinese Taipei is facilitated by SMEs industrial clusters which makes them the 3rd largest exporter in the world. Chinese Taipei highlighted how one successful fastener industry firm grew from a SME to a MNC in 30 years.

From SMEs to Hidden Champions by Innovation and Networking with Leading Multinational Corporations (MNCs) – The Case of Chinese Taipei

Best practices in industrial development, specifically the fastener industry. The competitiveness of the fastener industry in Chinese Taipei is facilitated by SMEs industrial clusters which makes them the 3rd largest exporter in the world. Chinese Taipei highlighted how one successful fastener industry firm grew from a SME to a MNC in 30 years.

APEC Online-to-Offline (O2O) Initiative: Enhancing SME Digital Competitiveness and Resilience Towards Quality Growth

The project is identified as one of the existing efforts undertaken by APEC in promoting digital economy. Five O2O serial events held in Malaysia, Chinese Taipei, Viet Nam and the Philippines in 2017, expected to establish an expert network, formulate the APEC SME digital resilience training guidebook, enhance SMEs’ capabilities to seize digital opportunities and well prepare for the challenges via cross fora collaboration.

APEC Online-to-Offline (O2O) Initiative: Enhancing SME Digital Competitiveness and Resilience Towards Quality Growth

The project is identified as one of the existing efforts undertaken by APEC in promoting digital economy. Five O2O serial events held in Malaysia, Chinese Taipei, Viet Nam and the Philippines in 2017, expected to establish an expert network, formulate the APEC SME digital resilience training guidebook, enhance SMEs’ capabilities to seize digital opportunities and well prepare for the challenges via cross fora collaboration.

APEC Accelerator Network for Early-Stage Investment (SME 01 2014)

This project provided a mentorship-driven platform for start-ups to connect with the trusted partners and smart money in APEC. There were over 90 start-ups selected as finalists of APEC Challenge and secured totally over 50 million USD early-stage investments since 2013. The conclusion was that the next steps to further facilitate SME’s growth and access to regional and global market are: (i) to optimize the conducive innovation environment; (ii) to enhance digital competitiveness; and (iii) to capitalize on O2O opportunities for innovative start-ups and SMEs through PPP.

New Era of Growth for APEC SMEs Through Online-to-Offline (O2O) Business Models (SME 02 2015)

In response to Leaders and Ministers’ instruction on promoting digital access for SMEs, the O2O initiative is designed with a 4-year framework and the 4 solid pillars to involve the private sector, international organizations such as ICC and OECD, other APEC fora and the SMEWG.

Enhancing SMEs in Global Value Chains: From Manufacturers to Solution Providers

Chinese Taipei shared their experience in promoting SMEs in GVCs through turning from manufacturers into solution providers in terms of recycling PET bottles to functional textile. Companies transformed PET into technical fibre and established their own brands of sporting goods which attached to environment-friendly products. A specific case study is the S.Café® series with the growth of 22% CAGR in 2009-2013 and co-brand with international firms.

APEC Accelerator Network for Early-Stage Investment (SME 01 2014)

This project provided a mentorship-driven platform for start-ups to connect with the trusted partners and smart money in APEC. There were over 90 start-ups selected as finalists of APEC Challenge and secured totally over 50 million USD early-stage investments since 2013. The conclusion was that the next steps to further facilitate SME’s growth and access to regional and global market are: (i) to optimize the conducive innovation environment; (ii) to enhance digital competitiveness; and (iii) to capitalize on O2O opportunities for innovative start-ups and SMEs through PPP.

APEC Online-to-Offline (O2O) Initiative: New Era of Growth for APEC SMEs through O2O Business Models

This project aims to provide a cross-border platform to modernize and facilitate SME’s participation in global value chains. Strong public-private partnership is the key making this project successful. Under this project, 5 serial O2O events has been held in Chinese Taipei, Viet Nam and Peru with the focus on the 4 main O2O innovation areas, namely, “Mobile Commerce”, “Sharing Economy”, “Collaborative Industry” and “NexGen Innovation”. An “APEC Guidebook on SME O2O” was published in November 2016.