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Promoting Innovative Economy through APEC Co-Incubation Initiative

Promoting Innovative Economy through APEC Co-Incubation Initiative
2014/SMEWG39/018
Agenda Item: 11.3.2
ndonesia stated that business incubators were key tools for fostering private sector development through systematizing the process of assisting new technology-based business start-ups. As growing economies require continuous innovation, it was imperative to look for suitable opportunities overseas to be incubated in-house for common benefit. For that purpose, Indonesia proposed this initiative in order to further economic growth by fostering private sector development through the building of a common platform for entrepreneurship and an award/innovation competition for co-incubation.