Best Practices

Entrepreneurship, Innovation and Digital Economy
Title Description Year / Meeting / Workshop Presented Presentor
Hong Kong, China’s Support for SMEs in the Internet and Digital EconomyPDF icon hkc_2017_smewg45_031.pdf

Hong Kong, China's (HKC) sharing focused on their support for SMEs in the internet and digital economy.  Some of the measures included incubation programmes to nurture start-ups in the ICT field and mobile app business; opening up government and public data for entrepreneurship and making land available for the development of data centres; providing support and setting up dedicated institutions for assisting SMEs to upgrade, innovate and adopt technological solutions; and training and educating SMEs to increase their knowledge and know-how of the internet and digital economy.



Hong Kong, China
Driving Innovation, Technology and Re-industrialisation in Hong Kong, ChinaPDF icon hkc_2017_smewg45_031.pdf

Hong Kong, China's (HKC) sharing focused on their continuous efforts in driving the development of innovation and technology (I&T), with a focus on re-industrialisation.  By re-industrialisation, HKC aimed at applying I&T to manufacturing for developing high-end industries suitable for HKC and carrying out high value-added production processes.  To achieve this, a number of measures have been taken, including providing more space for industrialisation, assisting existing industries to move towards high value-added production, strengthening research and development, and providing financial assistance for upgrading and innovation.



Hong Kong, China
APEC Online-to-Offline (O2O) Initiative: Enhancing SME Digital Competitiveness and Resilience Towards Quality GrowthPDF icon 17_smewg44_011.pdf

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.

Chinese Taipei
Market Access
Title Description Year / Meeting / Workshop Presented Presentor Classification
Regulatory Reform – Case Studies on Improving the Business Environment for SMEsPDF icon 16_smewg42_006.pdf

The report includes four case studies which evaluate the role of regulatory reforms in creating a proper business environment supporting SMEs: 1) dedicated agencies to assist SMEs with growth, development, compliance and internationalization; 2) agencies and institutions that specialize in supporting SME finance; 3) regulatory tiering; and 4) SME-friendly Regulatory Impact Assessments (RIA).


Business Environment, Market Access
Study on Driving Economic Growth Through Cross-Border E-Commerce in APEC: Empowering Micro, Small and Medium Enterprises (MSMEs) and Eliminating BarriersPDF icon 16_smewg42_004.pdf

The 2015 APEC Business Advisory Council and USC Marshall School of Business report focused on engaging SMEs in cross-border e-commerce. They conducted first hand research across the 21 APEC economies to discover the enhancers and chokepoints unique to each economy. APEC and each member governments must focus to engage and support SMEs. An APEC wide framework addressing cross-border e-commerce is needed; sharing of best practices and pathfinder approaches is encouraged; and effort is required to help SMEs capacity build


APEC Public - Private Dialogue on Identifying and Addressing Difficulties and Challenges that Hinder SMEs from Taking Trade Benefits and Advantages of RTAs/FTAs in the Region (SME 06 2015T)PDF icon 16_smewg42_020.pdf

Recommendations from the Dialogue include:

Government agencies to act as facilitator; Look into new emerging SMEs, such as online business, social enterprises, services industry and tourism;Develop strategies to promote innovation and technology transfer to improve the competitiveness of SMEs; Best practices on innovation and entrepreneurship; he Internet is an important infrastructure to help SMEs do business and export. On this point, it is shared that APEC may develop a work plan to enabling the participation of SMEs in digital trade; Assess the impacts of FTAs/RTAs on agriculture.


Viet Nam
Promote SMEs’ Innovation in Viet Nam Agriculture SectorPDF icon 16_smewg42_031.pdf

SNE accounted for 97.5% of total enterprises in Viet Nam, but only 1% in the Agriculture, Forestry and Fishery sector. In the agriculture sector, SMEs’ innovation has an important role in various stages from inputs, production, post-harvest, processing and trading of agricultural products. In 2015, Viet Nam is one of the 14 outperforming economies among the middle-income group, one of the eight innovation achievers, and one of the 11 developing economies that are labelled “innovation outperformers”. Viet Nam also shared about their Government’s initiatives in promoting innovation and SME development, as well as about the five best practices SME innovation in the agriculture sector.


Viet Nam
Singapore’s Experience in Helping SMEs Build Innovation CapabilitiesPDF icon 16_smewg42_030.pdf

Singapore shared their experience about how innovation could help SMEs operate more efficiently and increase revenue. Singapore also explained its sectoral approach in developing innovation infrastructure and making intellectual property more accessible to SMEs. In addition, Singapore also pointed out how SMEs could partner larger companies to innovate and highlighted key emerging technology areas to look into in the coming years


Empowering Youth EntrepreneurshipPDF icon 16_smewg42_026.pdf

Initiative oriented to encourage the youth (between 18 - 40 years) to venture into business. The objectives of this program are to acculturate entrepreneurship, create a paradigm shift from job seekers to employment providers, and create resilience and sustainability of entrepreneurs. After the successful completion of Phase 1 (Test the Perseverance of Mind & Physical) and Phase 2 (Increase Knowledge - Effective Business Operations), the participants will receive RM15, 000 (USD3,628) to assist them in starting the business and will be able to utilize the a Buddy System for 12 months upon the business establishment to receive advice from experienced and trained Business Counsellors.


Energizing Innovation and Technology in Hong Kong, ChinaPDF icon 16_smewg42_027.pdf

Recent developments in support to innovation and technology (I&T). Hong Kong, China set up a dedicated bureau and put significant financial resources to carry out a number of initiatives, including promotion of “re-industrialization”, research and development; supporting I&T start-ups and SMEs; nurturing talents, etc.


Hong Kong, China