Enhancing startups and SMEs capacities thrusts inclusive growth

APCTT2018

The Asian and Pacific Centre for Transfer of Technology (APCTT) of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) together with the Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) organized the Regional Forum on Strategies to Enhance Innovation and Management Capacities of Startups and Small and Medium Enterprises (SME) on 18-19 July 2018 at the World Trade Center, Pasay City.

The forum, which coincided with the celebration of the 2018 National Science and Technology Week (NSTW), intended to examine how selected governments through an innovative infrastructure composed of policies and mechanisms can help strengthen the National Innovation Systems (NIS) as a mean to meet the Sustainable Development Goals (SDG).

The NIS can be loosely defined as the interactive processes which stream technology or information to stakeholders – public, enterprises, and institutions – as the processes impacts economic development.

Subsequently, the forum dwelled on the NIS position as the provider of essential finance scheme that is vital for promoting technology-based SME and startups.

“APCTT is committed in strengthening the NIS that creates an enabling environment for the commercialization of technologies across partner economies,” said Michiko Enomoto, Head of the APCTT during her inaugural address.

She added that the Center engages in capacity building activities which support science, technology, and innovation (STI) policy, cross-border technology transfer, and information services.

The two-day forum focused on merging the effective frameworks and tools for the development of start-ups and SMEs who basically assume critical roles in building the Association of Southeast Asian Nation (ASEAN) economy.

“The DOST has been helping local SMEs improve their capacities in productivity and profitability for their enterprises as far as provision and management of technologies are concerned,” said DOST Secretary Fortunato De La Peña said during his keynote speech.

He added that emphasis must also be given to output indicators of STI which is consistent with the outlook on what science is really for and how it has created an impact to the people.

The forum was composed of a four-part session dedicated in the challenges and opportunities for sustainable development of NIS, support mechanisms for innovative entrepreneurs and technology-based startups, financing, and panel discussion and policy recommendations.

Attended by delegates from India, Japan, Malaysia, the Philippines, and Republic of Korea, the forum became a venue for sharing and exchanging the best practices among participating countries to further help and discuss the pressing issues concerning the success of startups and SMEs.

DOST-TAPI S&T Media Service
Jund Rian A. Doringo