Project Title

APEC Women Business Leaders Forum 

Project Year

2016   

Project Number

SME 10 2016A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Completed Project   
View Budget TableView Budget Table
|
PrintPrint

Project No.

SME 10 2016A 

Project Title

APEC Women Business Leaders Forum 

Project Status

Completed Project 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Micro, Small and Medium Enterprises (MSME) 

Project Year

2016 

Project Session

Session 2 

APEC Funding

95,980 

Co-funding Amount

100,000 

Total Project Value

195,980 

Sponsoring Forum

Small and Medium Enterprises Working Group (SMEWG) 

Topics

Small and Medium Enterprises 

Committee

SOM Steering Committee on Economic and Technical Cooperation (SCE) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Korea 

Co-Sponsoring Economies

Hong Kong, China; Mexico; Papua New Guinea; Peru 

Expected Start Date

01/04/2017 

Expected Completion Date

30/04/2017 

Project Proponent Name 1

Lee Sung-Hee 

Job Title 1

Director 

Organization 1

Small and Medium Business Corporation (SBC) 

Postal Address 1

430 Dongjin-ro, Jinju-si, Gyeongsangnam-do, Korea  

Telephone 1

82-55 7519674 

Fax 1

Not Applicable 

Email 1

jake80@sbc.or.kr 

Project Proponent Name 2

Not Applicable 

Job Title 2

Not Applicable 

Organization 2

Not Applicable 

Postal Address 2

Not Applicable 

Telephone 2

Not Applicable 

Fax 2

Not Applicable 

Email 2

Not Applicable 

Declaration

Lee Sung-Hee 

Project Summary

This independent event will take place in Korea in April 2017, and is expected to be attended by around 200 participants. 

The forum aims to achieve the following goals:

1) bring together successful women business leaders from APEC economies and share their success stories, discuss policies to support women business leaders, and find ways to nurture successful women entrepreneurs;

2) share challenges many women entrepreneurs often face when running a business in this globalized era and discuss ways to deal with them; and

3) offer participating businesswomen an opportunity to network with successful women business leaders from APEC economies 

By helping women maximize their potentials and make better use of their talents, this project is expected to benefit representatives from SMEWG, MSMEs, and policy makers attending the event.

Relevance

It is known fact that an increasing number of women are participating in economic activities and choose to become entrepreneurs. In today’s dynamic and evolving business landscape, women entrepreneurs must know how to lead her organization and overcome challenges. However, women are still having tougher time doing business and overcoming challenges.

To help fix the situation, the APEC Women Business Leaders Forum aims to bring together successful women entrepreneurs from APEC economies to listen to their success stories, exchange ideas, share experiences of overcoming obstacles, and discuss necessary government policies to nurture and support women entrepreneurs. 

Given the objectives of the forum, this project is expected to benefit APEC member economies as it is intended to utilize underutilized women’s potential, fostering entrepreneurship among women, nurturing women business leaders, and supporting their business.

In addition, as World Bank’s report titled “Gender Equality as Smart Economics” pointed out, women’s economic empowerment is expected to contribute to poverty reduction in the APEC region. 

This project falls under two Rank 1 APEC Funding Criteria: 

Human capital development: The forum aims to provide a place for exchange of ideas, information, opinions, and views on nurturing women entrepreneurs to maximize women’s potential.

Ease of Doing Business: This forum will help make it easier for many companies to run their business as they tap into women’s unique strengths. Also Women entrepreneurs will be able to learn from experiences of highly successful women business leaders which will serve as guidelines as they run their own business.

Also, this project is linked to Rank 2 APEC Funding Criteria: Inclusive Growth - Women and the Economy: This forum is aimed at encouraging women to engage in economic activities and maximizing their potential.

Objectives

This project mainly aims to: (1) bring together successful women business leaders from APEC economies and share their success stories, discuss policies to support women business leaders, and find ways to nurture successful women entrepreneurs; (2) share challenges many women entrepreneurs often face when running a business in this globalized era and discuss ways to deal with them; (3) offer participating businesswomen an opportunity to network with successful women business leaders from APEC economies.

Alignment

Alignment – APEC: This project is in line with 2015 APEC Leaders’ Declaration – Investing in Human Capital Development, “We remain committed to advancing women’s full participation in the economy in concrete, actionable, and measureable ways, including through enhancement of women’s representation in leadership.”

This forum is also in line with APEC Priorities in 2016 - Developing human capital. 

Alignment – Forum: This forum is aligned with the first priority area of SME Working Group Strategic Plan 2017-2020 – “Promote an entrepreneurial culture amongst the youth, women, and other individuals.”

Also, this project contributes to the implementation of Small and Medium Enterprises Working Group’s Proposed Work Plan for 2016, “Foster the inclusion of women-owned and operated companies into commercial operations and activities within the APEC trade region.

TILF/ASF Justification

It’s widely known that if a developing economy wants to make progress, it must educate its women and give them more equality in jobs and economic opportunities. Empowering women in developing economies is critical to overcoming poverty and growing prosperity. Therefore, this forum, which is aimed at helping women get ahead at work and in the business community, will contribute to the capacity building needs of developing economies in the APEC region. And the representatives from developing economies will be engaged by participating in this forum where they are expected to listen to success stories, share best practices, and meet with successful women business leaders.

Beneficiaries and Outputs

Outputs: Since the project is a one day event, the most immediate output is hosting of the forum. In addition, it will have several immediate outputs expected during the forum, which include the following: 

1) Sharing best practices: Speakers of the forum are expected to share best practices on women’s empowerment in the business field. 

2) Policy recommendations: Through a series of presentations and discussions, the forum is expected to offer valuable policy recommendations for policy makers from APEC economies, and those recommendations will be disseminated electronically after the event. 

3) Opportunity to network: The forum provides an excellent opportunity for participants to network with successful female business leaders from APEC economies taking part in the event who might be able to offer valuable advice and tips on how to become a successful business leader. 

Outcomes: The expected outcomes of this project are as follows: 

1) Increased awareness of the need and importance of women empowerment in the business field;

2) Motivate women to perform better at work by providing them with specific goals for success; and

3) Promotion and development of women entrepreneurs by sharing best practices regarding women empowerment.

Beneficiaries: 

- Forum participants and women entrepreneurs:  The forum will mainly focus on how women business leaders from APEC economies succeeded as an entrepreneur and sharing their experiences in overcoming challenges, which will benefit women entrepreneurs attending the forum. Also, through this forum, many participants will be able to develop lasting relationships with highly experienced businesswomen and other participants who can offer valuable advice and support. 

- MSMEs: The forum will share ideas on making better use of women’s abilities that have been underutilized. This will lead to better business performance for many MSMEs. 

- APEC policy makers: Policy makers can get information regarding establishing policies on nurturing women entrepreneurs 

- APEC member economies: Making better use of women’s talent could boost productivity for many APEC economies where women are underrepresented and underutilized. 

Regarding how female entrepreneurs and policy makers will be targeted and invited, the project team aims to invite any female entrepreneurs in the APEC region with success stories worth sharing with other female entrepreneurs, and government officials in the field of making women-related policies. Both female entrepreneurs and policy makers will be invited on the recommendations of SMEWG of each economy.

Dissemination

All relevant materials relating to the outcomes of this project will be provided to the SMEWG focal points and other main stakeholders of the APEC member economies in electronic format after being reviewed by the APEC Secretariat. In addition, the news about the forum will be reported by local Korean newspapers, and also be posted on APEC SME Innovation Center’s website at www.apec-smeic.org. Also, specific results about the forum will be circulated among SMEWG electronically through a completion report. Lastly, the result will be also reported at SMEWG meeting scheduled in the second half of 2017. There is no intention to sell any outputs related to this project. 

APEC website also can be one of the platforms for dissemination of the project.

Gender

This project is directly related to the empowerment of women, ultimately aiming to nurture successful female entrepreneurs. Due to the nature of the event, the majority of the participants are likely to be women, but the project overseer will make sure that men will also get the equal opportunity to participate in the forum. After this project is finally approved, the PO will contact PPWE to discuss development and promotion of the project. To be more specific, the PO will consider inviting PPWE members from travel-eligible economies as participants, or inviting PPWE members as speakers.

Due to the nature of the forum, gender criteria will definitely be applied to all the topics of the forum which will mainly be about empowerment of women and utilizing women’s potential.

Work Plan

Timeline

                                                      Actions

December 2016

- Establish a work plan for the forum

- Find an appropriate co-host

- Discuss roles and responsibilities

January 2017

- Find a contractor and conclude a contract

- Finalization on event time and venue

February 2017

- Recruit speakers from APEC economies

- Contact each APEC economy for the recommendation of speakers

February – March 2017

- Establish detailed schedule

March –April 2017

- Promote the event to APEC member economies

April 2017

- Conduct the event

Risks

Risk

Management Strategy

Finding a co-host

The project team has already found a women’s group called “Korean Women Entrepreneurs Association” which we believe is the most suitable partner to co-host the event. The project team is going to contact the group and continue to consult the matter.

Recruiting appropriate speakers 

Through internal discussions, the project team is planning to contact appropriate speakers fitting the theme of the forum. The project team is also going to ask SMEWG representatives of member economies to recommend speakers.

Monitoring and Evaluation

The project team will prepare an evaluation form and conduct an on-site survey during the event to ask whether the event was successful and to listen to participants’ opinions. Also, after the event, the project team will collect opinions and ideas from forum participants including representatives from SMEWG through emails, which will be taken into consideration when organizing future events. 

Given the nature of the event, all the participating entrepreneurs are expected to be female. As for speakers, the PO is planning to invite a total of 10 speakers, 3 from advanced economies, and 7 from developing economies.

When it comes to proportion of men among the participants, it really depends on the situation of each economy since most men will be SMEWG representatives and policy makers from each economy. The organizer aims to invite about 200 participants, and 70~80% of participants will be women.

Linkages

APEC is the best source of funds for this project because empowering women entrepreneurs has always been an important issue in the Asia-Pacific region to facilitate growth and promote innovation, and through this project, we aim to raise awareness of the importance of empowering and nurturing capable women entrepreneurs. 

Regarding this forum, the PO is going to engage “Korean Women Entrepreneurs Association” which will serve as a co-host of the project. The association is Korea’s largest women’s economic group having more than 2,200 women-owned businesses as its members. The association is expected to promote the event to as many women-owned businesses as possible. 

There have been previous APEC projects relating to the empowerment of women. However, hosting a forum focused on empowering women in the business sector can be repeated regularly since it’s not a research project focused on certain subject, but a forum designed to draw attention to a general idea.

Sustainability

Since the project is held for an important goal of helping nurture women entrepreneurs, the project team is planning to hold similar events regularly, instead of making it a one-time event, to continue to draw attention to this issue and raise awareness of the need and importance of empowerment of women entrepreneurs among APEC member economies. 

To sustain the impact of the project, nurture women entrepreneurs and create women-friendly business environment on the APEC level, the PO suggests the APEC to take initiative and encourage member economies to hold similar forum regularly. As for the budget of the forum, each economy may use self-funding to help nurture their female entrepreneurs. An additional event can be added to the forum. For example, women entrepreneur competitions can be held and prizes can be awarded to competent female business leaders. SMEWG can support this effort by encouraging its member economies to pay attention and actively participate in the event.

Project Overseers

Mr Lee Sung-Hee
Director
Email: Oscar@sbc.or.kr

Lee Sung-hee is a head of Global Cooperation Department of Small & medium Business Corporation (SBC).  The   Small & medium Business Corporation (SBC) is a non-profit, government-funded organization established to implement government policies and programs for the sound growth and development of Korean SMEs.

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

Not Applicable.

Waivers

Not Applicable.

Are there any supporting document attached?

No 
Attachments
Version: 5.0 
Created at 21/12/2016 09:56  by Lucy Phua 
Last modified at 15/08/2018 14:57  by Lucy Phua 
Version HistoryVersion History

Project No.

Project Title

Project Status

Publication (if any)

Fund Account

Sub-fund

Project Year

Project Session

APEC Funding

Co-funding Amount

Total Project Value

Sponsoring Forum

Topics

Committee

Other Fora Involved

Other Non-APEC Stakeholders Involved

Proposing Economy(ies)

Co-Sponsoring Economies

Expected Start Date

Expected Completion Date

Project Proponent Name 1

Job Title 1

Organization 1

Postal Address 1

Telephone 1

Fax 1

Email 1

Project Proponent Name 2

Job Title 2

Organization 2

Postal Address 2

Telephone 2

Fax 2

Email 2

Declaration

Project Summary

Relevance

Objectives

Alignment

TILF/ASF Justification

Beneficiaries and Outputs

Dissemination

Gender

Work Plan

Risks

Monitoring and Evaluation

Linkages

Sustainability

Project Overseers

Cost Efficiency

Drawdown Timetable

Direct Labour

Waivers

Are there any supporting document attached?

hdFldAdmin

Project Number

Previous Fora

Secretariat Comments

Reprogramming Notes

Consolidated QAF

Endorsement By Fora

PD Sign Off

Batch

Forum Priority

Committee Ranking Category

Committee Priority

PDM Priority

Priority Within Funding Category

Monitoring Report Received

Completion Report Received

PMU Field 1

PMU Field 2

PMU Field 3

On Behalf Of

Proposal Status

Originating Sub-Forum

Approval Status
Attachments
Content Type: Standard Proposal
Version:
Created at by
Last modified at by
Go Search