Project Title

Workshop on High Growth Innovative Firms (HGIFs) Acceleration 

Project Year

2017   

Project Number

PPSTI 05 2017A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

PPSTI 05 2017A 

Project Title

Workshop on High Growth Innovative Firms (HGIFs) Acceleration 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Innovative Development, Economic Reform and Growth (IERG) 

Project Year

2017 

Project Session

Session 2 

APEC Funding

130,000 

Co-funding Amount

20,018 

Total Project Value

150,018 

Sponsoring Forum

APEC Policy Partnership on Science, Technology and Innovation (PPSTI) 

Topics

Science and Technology 

Committee

SOM Steering Committee on Economic and Technical Cooperation (SCE) 

Other Fora Involved

 

Other Non-APEC Stakeholders Involved

 

Proposing Economy(ies)

Russia 

Co-Sponsoring Economies

China; Indonesia; Korea; Malaysia; Philippines; Thailand 

Expected Start Date

01/01/2018 

Expected Completion Date

31/08/2018 

Project Proponent Name 1

Nikita Ponomarenko 

Job Title 1

Deputy Director, Department of Strategic Development and Innovation 

Organization 1

Ministry of Economic Development 

Postal Address 1

1-ya Tverskaya-Yamskaya str., 1,3 Moscow 125993, Russia 

Telephone 1

7-495 6508087 

Fax 1

Not Applicable 

Email 1

PonomarenkoNV@economy.gov.ru 

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

Nikita Ponomarenko 

Project Summary

According to research by leading economists, medium-sized High Growth Innovative Firms (HGiFs) with good growth dynamics play important role in the modern economy and create more than half of new jobs in developed economies.

The proposed workshop will enable public and private participants and stakeholders to (1) develop high-tech innovative entrepreneurship, (2) share the best practices on the formation of HGiFs support systems, (3) empower HGiF to enter APEC markets, (4) promote cooperation among HGIF, (5) improve business environment for innovative companies.

By sharing knowledge and experience between HGIFs stakeholders, this project will: (1) improve competitiveness of private innovative companies and scale their activity in the global market, (2) help to create the community of entrepreneurs, managers, government officials and experts, which contributes to the second PPSTI priority in 2017 on supporting strong STI ecosystems in the APEC region.

Relevance

Recently, APEC economies are paying more attention to the active stimulation of the accelerated development of high growth technology and innovative medium-sized businesses. Programmes to support such companies are implemented in Australia (Commercialisation Australia), Chinese Taipei (Mittelstand Award), Malaysia (Mid-Tier Companies Development Programme, Mid-Tier Ramp-Up Programme), Canada (PerforME, Adrenalys), Korea (World Class 300, Next Global Champ, Korean Hidden Champion Initiative), Russia (High Growth Tech Companies Program) and other APEC economies. Serious influence of such companies on economic growth and development is stressed in several studies and analytical papers.

Most of these firms face similar growth challenges, such as financial barriers and external environment effects. By sharing knowledge and experience among HGIFs stakeholders, this project will: (1) improve competitiveness of private innovative companies in APEC economies and scale their activity in the regional and global markets, (2) help to create the community of entrepreneurs, managers, government officials and experts, which contributes to the second PPSTI priority in 2017 on supporting strong STI ecosystems in the APEC region.

The project is particularly important for developing APEC economies. It can help improve the efficiency of their innovation policies and potentially empower stakeholders in such economies to create medium and large innovative companies, that can become important players in regional and world markets. The more such companies emerge, the more sustainable the growth of developing economies will be.

 [*High-growth innovative firms are all firms of an innovative sector with average annualised growth in employees (or in turnover) greater than 20% a year, over a three-year period, and with ten or more employees at the beginning of the observation period[1]]

The project is fully under the following Rank1 criteria:

a) Strengthening innovation capacities and competitiveness of MSMEs and MSMEs insertion in GVCs

-  HGiFs are usually SMEs, so the recommendations that will be developed as an output of the workshop will help increase the effectiveness of policies aimed at supporting SMEs innovation capacities and competitiveness

b) Information technology and digital economy, including e‐commerce,ICT infrastructure, and digital trade

-  A significant part of HGiFs belongs to the sectors mentioned above.

The project is also directly related to the Rank 2 criteria: innovative growth priority

- High Growth Innovative Firms have high potential to contribute to innovative growth in the Asia Pacific region by creating principally new technologies and shaping new markets.


[1] This definition is based on the definition developed by the OECD. See: OECD (2008) Measuring Entrepreneurship: A Digest of Indicators, OECD-Eurostat Entrepreneurship Indicators Program.

Objectives

1) To share experience and best practices on acceleration of HGiF with a view to their future dissemination (for example, another workshops or/and publications) in Asia-Pacific, particularly among developing economies;

2) To emphasize the decisive role of HGIFs in economic competitiveness,  job creation and promotion of Science, Technology and Innovation (STI) eco-system in the APEC region;

3) To analyze APEC economies HGiF support programs (domestic policies and measures APEC economies apply to support HGiFs and technological research, i.e. – via providing expert guidance, customized assistance, grants, awards, other forms of financing, international promotion etc.);

4) To elaborate policy recommendations on promotion of HGiF activity in APEC economies; and

5) To prepare policy recommendations on development of APEC economies cooperation in implementation of HGiF support programs.

Alignment

The project is in line with the 2017 APEC theme of “Creating new dynamism, fostering a shared future” and the priority   of “Strengthening MSMEs’ Competitiveness and Innovation in the Digital Age”, since HGiFs are MSMEs that seek to strengthen their competitiveness.

Moreover, the project corresponds to several paragraphs of the Annex C - APEC Accord on Innovative Development, Economic Reform and Growth, in particular paragraph 19, which encourages members to strengthen support for innovative activities by SMEs, and support the establishment of an APEC SMEs database on innovative best practices.

This project will directly address the second PPSTI priority in 2017 on supporting strong STI ecosystems in the APEC region by helping to boost S&T entrepreneurship.

This project also aligns with agreed priorities and KPIs set by the PPSTI Strategic Plan (2016-2025), such as:

B.1. Promote Science and Technological Entrepreneurship (KPI “Share information on entrepreneurial programs and best practices and develop policies recommendations to foster scientific and technological entrepreneurship’)

B.3. Promote Public-Private-Partnerships for Science and Technological Innovation (KPI “Strengthen links between the public and private sectors”)

TILF/ASF Justification

Developing economies are especially interested in increasing the number of innovative companies which contribute to sustainable growth of their economy. The project will support the capacity building needs of APEC developing economies by helping them to improve their innovation policies and potentially empower stakeholders to create innovative firms. Developing economies will benefit from participation in the project discussion on acceleration of HGiF, sharing best practices on HGiF support programs and finally elaborated policy recommendations.

Back in 1981, D. Birch showed[1] that it is the fast-growing companies that are the main generators of economic activity. According to Birch, these companies create more than half of the new jobs (in the countries that he researched). Similar results were obtained during a comparative analysis of approximately 20 publications on this topic, carried out by M. Henrikson and D. Johansson[2], as well as by a group of German researchers led by K. Dautzenberg[3].



[1] Birch D. (1981). Who creates jobs? Public Interest, Vol. 65, No. 3, pp. 3-14.

[2] Henrekson M., Johansson D. (2010). Gazelles as job creators: A survey and interpretation of the evidence. Small Business Economics, Vol. 35, No. 2, pp. 227-244.

[3] Dautzenberg K. et al. (2012). Study on fast growing young companies (gazelles) - Summary.

Berlin: Bundesministerium fur Wirtschaft und Technologie.

Beneficiaries and Outputs

Outputs: The results of project implementation are expected to have both analytical and practical application.

Analytical:

-   Overview of APEC economies HGiF support programs (including a chapter on gender perspectives); analysis of their best practices on acceleration of HGiF.

-   The Final Report under the project (including overview of APEC economies HGiF support programs, analysis of their practices on acceleration of HGiF, policy recommendations on promotion of HGiF activity in APEC economies, proposals on development of APEC economies cooperation in implementation of HGiF support programs) will be presented to PPSTI;

Practical:

-   The workshop on high growth innovative firms (HGIFs) acceleration with experience and best-practice sharing and discussion among entrepreneurs, managers, government officials and experts.  3-days workshop will be held in the Russian Federation, aimed at reaching the most of stakeholders from Russia and other APEC economies.

-   All the interim and final reports and results will be presented to PPSTI. Policy recommendations coming out from the workshop will seek endorsement from PPSTI.

-   Project progress will be presented to PPSTI on a regular basis – i.e. PO will give brief overview of project results and follow-up activities related to the project within 2 years after project completion.

-  A post-workshop evaluation will be conducted to measure the success of the project and the workshop. The project team will develop an application form and disseminate it among the workshop participants and PPSTI members. Evaluation results will be included in the Final Report.

All the project outputs will be accounted for and required as part of the submission of completion report to the Secretariat within two months after project completes.

Provisional Agenda of the Workshop

Day 1

Anticipated topic of the day (can be adjusted/changed): HGiF support programs in the APEC economies: experience and prospects

Opening Remarks: Russian officials and/or APEC officials

Reports and presentations by speakers

(including questions to speakers)

Discussion Panel for speakers and participants: A discussion of critical issues and the results of the day

Networking

Day 2

Anticipated topic of the day (can be adjusted/changed): Best practices of developing and supporting HGiFs: the experiences of national economies

Reports and presentations by speakers

(including questions to speakers)

Discussion Panel for speakers and participants: A discussion of critical issues and the results of the day

Networking

Day 3

Anticipated topic of the day (can be adjusted/changed): Prospects of high growth and innovation: the gender dimension

Reports and presentations by speakers

(including questions to speakers)

Discussion Panel for speakers and participants: A discussion of the results of the workshop and the key points of policy recommendations on promotion of HGiF activity in APEC economies

Closing Remarks: Russian officials and/or APEC officials

Outcomes: As project progress will be presented regularly to PPSTI meetings, it will intensify the work of APEC and economies’ cooperation related to HGiFs’ support and acceleration.

The project implementation will have positive medium-term and long-term outcomes.

In a medium-term perspective, it will enable policy-makers in APEC economies to design better policy measures aimed at promoting high-tech innovative entrepreneurship in APEC economies. The project will also facilitate cooperation among High Growth Innovative Firms (HGiFs) and sharing of knowledge and experience between HGIFs stakeholders.

One of the certain advantages of the project is improving business environment for innovative companies through sharing best practices on the formation of HGiFs support systems and developing policy recommendations for APEC economies’ authorities.

Via participation in the created APEC community of entrepreneurs, managers, government officials and experts in the field of STI, private innovative companies will improve their competitiveness and receive new opportunities to scale their activity in the global market.

Also, the project implementation will contribute to the growth of medium-sized HGIFs in the APEC region in future which will lead to creating new jobs.

Beneficiaries: Leading APEC think-tanks[1] can benefit from the project through the STI study or being nominated by PPSTI members as advisory bodies for the project implementation and future APEC track on supporting HGiFs.

PPSTI members or participants nominated by PPSTI members, technology-driven SMEs from APEC member economies will be direct beneficiaries. They will be the primary participants at the workshop and most involved in developing policy recommendations on promotion of HGiF activity in APEC economies.

Beneficiaries of the project also include policy makers, innovation and MSMEs’ promotion agencies, business experts, researchers, entrepreneurs, managers and industry players (of HGiFs, start-ups) in the APEC region. Representatives of other APEC working groups (SMEWG, ABAC, TEL, IPEG) will be invited to take part in the workshop. Local young and/or tech entrepreneurs will also invited
[2] to participate at least as audience to the workshop.  The report of the workshop outcomes and policy recommendations for HGiF support programs will be made available to public through the APEC website.

Press-releases and brief reviews will be prepared and sent to the leading APEC think tanks and to the media.


[1] Think tanks such as Brookings Institution - United States, Australian Institute for International Affairs (AIIA) – Australia, Center for StrategicStudies (CSS) -- New Zealand, Centre for Public Policy Studies (CPPS) – Malaysia, Center for Strategic and International Studies (CSIS) – Indonesia, China Institutes of Contemporary International Relations (CICIR) – P.R.China, Fraser Institute – Canada, Institute of Southeast Asian Studies (ISEAS) – Singapore, etc.

[2] Invitations will be sent out using the contacts of the Ministry of Economic Development of Russia, as well as Russian development institutions (such as the Russian venture company - the operator of the large startup accelerator ‘Generation S’ and others).

Dissemination

All workshop materials will be disseminated among APEC economies.  Summary of the project results and recommendations generated during the workshop will be uploaded on the APEC Website.

Project publications in electronic version, including publication on APEC website, will be available to   PPSTI and other target audience. Project materials  will be disseminated among members of SMEWG, ABAC, TEL, IPEG. The project team will also encourage economies to disseminate the project outputs, in particular information about APEC economies’ HGiF promotion efforts and policy recommendations, through the websites of their innovation and MSMEs promotion agencies. All interested parties will have an opportunity to receive a full range of reports developed by the project team.

The created community of entrepreneurs, managers, government officials and experts in the field of STI will also be one of the interaction channels. This community can be supported through contacts, carried out in parallel between researchers, experts, entrepreneurs. To support the community can be used government channels of APEC economies, as well as universities. In particular, there is a preliminary agreement on the interest of the Higher School of Economics in Moscow (the largest and most actively growing university in the social sciences in Russia) in acting as a contact point for the community.

All project materials will be developed and published according to the Guidebook on APEC Projects. All publications/reports and other relevant communication materials from the project will comply with APEC Publications, IP and Logo Guidelines.

The results will not be sold.

Gender

The project is going to be implemented according to the Guidebook on APEC Projects and recently adopted APEC Gender Inclusion Guidelines in close coordination with PPSTI Program Director.

When selecting consultants, experts, speakers, moderators for the project, the project organizers will seek to ensure equal gender participation. The project team will also encourage economies to ensure gender balance when nominating workshop participants. The PO will try to ensure the active involvement in discussion and developing recommendations of at least 10 women-participants a day. 3 of 6 speakers are going to be female. At least one HGiF headed by a woman as a speaker will be presented at the workshop.

Special attention will be paid to gender balance inside the project team. Within the project implementation all points of view and opinions, irrespective of gender, will be considered.

Since nowadays women are underrepresented in technology, there is a need for more women to be involved in innovative industries and firms. The project will contribute to strengthening innovation capacities and competitiveness of MSMEs, where a large percentage of women is involved.

In the presented overview of APEC economies’ HGiF support programs a chapter on gender perspectives will be included.Such topics as existing certain characteristics of HGiFs that generate comparatively more jobs for women and potential support programs that increase the number of women-led HGiFs will be discussed during the workshop.

Work Plan

Timeline

Key Activities

Outputs

December 2017

Start of project

The project is officially approved. Project documents to be prepared after studying APEC rules on contracting. Project details to be elaborated.

January 2018

Contracting

Contract with APEC Secretariat

February-March 2018

Preparation for the workshop

- List of experts from APEC economies

- Contracting the experts

- Administrative Circular (announcing the date and venue of workshop) will be prepared and circulated to participants of the workshop at least 60 days before the event.

- Experts presentation submission.

May/June 2018

Organizing the 3-days workshop in the Russian Federation

- Discussion among entrepreneurs, managers, government officials and experts during the workshop

- Outcomes will include a list of best practices and/or supportive government policies for HGiFs acceleration as well as proposals for the directions on further PPSTI discussions on support programs for innovative companies

July / -August 2018

Presenting the workshop outcomes and disseminating them among relevant stakeholders in APEC economies

Final report drafting and finalizing.

- The report of the workshop outcomes to be discussed and endorsed by PPSTI

- The policy recommendations are disseminated among all key stakeholders in APEC economies

September – October 2018

Finalizing of the Contract with APEC Secretariat.

Final Report as an output of the project to be submitted to the Secretariat with the completion report within 2 months after project completes.

December 2018

All activities completed

Disbursement of APEC funds

Risks

The main risks within the project implementation are:

Institutional risks:

- Delay with contracting from the PO’s side. Could be prevented by thorough studying of APEC rules on contracting and preparing well-timed and punctual contract documentation;

- Lack of APEC experts’ relevant experience and skills. Could be prevented by thorough study of experts’ experience in the sphere of the project, the project team will require to present CVs and all the necessary characteristics.  PO will interact on this issue with APEC fora through focal points and other useful contacts.

Substantial risks:

- Lack of information, required for project overview and analysis. Could be prevented by working in close cooperation with PPSTI, permanent information sharing; Project progress will be regularly reported to PPSTI meetings.

- Lack of contribution to the workshop from participants. Could be prevented by high-quality workshop preparation and organization; careful selection of participants, their preliminary nomination, involvement of beneficiaries into the project discussions. The date and venue of the workshop will be announced at least 60 days before the event.

- Lack of inputs from policy professionals. Could be mitigated by inviting PPSTI focal points, PPSTI Center representatives, PPSTI Sub-group representatives to co-chair the workshop or its sessions.

Generally, project risks are estimated as low.

Monitoring and Evaluation

The project will be implemented according to the Guidebook on APEC Projects in close coordination with PPSTI Program Director, co-sponsors and other interested parties.

The project is going to be implemented in close cooperation with all the beneficiaries, which will have a possibility to make queries for necessary information and will be timely informed about all the project issues.

All the project outputs will be previously discussed with beneficiaries, which will provide for a high quality of project materials.  Cooperation is planned in on-line mode.

At least half of the workshop participants are going to be women. They will be involved into the workshop discussions and development of the project recommendations.

Comprehensive evaluation of the project’s results will be conducted through quantitative and qualitative indicators such as:

1)  The number of public and private sector representatives participating in the workshop, including number of male and female participants. The target number of participants is estimated at least 20 (persons per day), including 11 participants from travel-eligible economies.

2)  The number of APEC economies represented at the workshop.

3)  The number of representatives of the HGiFs‘ support programs that took part in the workshop.

4)  Workshop evaluation forms/surveys will be used to assess participants’ feedback on the organization and outcomes of the workshop. 

5)  The number of women, participating in project implementation and attending the workshop, will be an indicator of the gender impact of the project. The target numbers are: 10 women-participants a day, 3 female speakers, one of which – presenting a HGiF headed by a woman.

Linkages

There have been no projects on supporting HGIFs in APEC before. The project team will examine and accommodate all the data and outputs of the previous projects related to STI.

The project will complement the efforts currently undertaken by PPSTI as well as Small and Medium Enterprises Working Group (SMEWG) to promote S&T entrepreneurship and innovative MSMEs and inspire new discussions particularly in regard to entrepreneurship.

The project team will investigate and summarize the existing results of research on policies in support of high-growth innovative enterprises (including the recent study of European Commission). Government agencies/academia/organizations that have undergone similar work will be invited to share their experience. The lessons learned will be integrated into the work process when developing policy recommendations for APEC economies.

APEC stakeholders that will be engaged include, SMEWG, APEC Business Advisory Council, Telecommunications and Information Working Group, Intellectual Property Experts’ Group and others. Non-APEC stakeholders include government agencies and academia interested in the study of HGIFs.

APEC supports projects with involvement of governmental bodies, private sector, scientists, and representatives of international and non-governmental organizations. Close cooperation with other APEC fora allows considering all the aspects of the problem, and developing a system and coordinated approach.

For example, the issues of promoting innovation and SMEs integration into Global Value Chains is actively considered in SMEWG and ABAC.

Financial support of the project from the APEC Support fund will help to reach one of the main APEC goals – improvement of collaboration and connectivity between APEC economies.

Sustainability

Within two years after project completion the project team will keep in touch with beneficiaries for consulting and supporting in on-line mode. As many stakeholders, related governmental and non-governmental organizations will be involved into the project implementation, project team will arrange regular informational sharing between all the interested parties, with purpose of consulting and monitoring interim results of project outputs application.

PO will update and present post project results to PPSTI on its consulting and supporting efforts within 2 years after project completion.

Policy recommendations, developed in the frames of the project, could be applied by each APEC economy for acceleration of high growth innovative firms. Responsible authorities will have an opportunity to receive the full informational support from the project experts.

Workshop materials and the project reports will be available in documents APEC base for all the interested parties. The feedback received from questionnaires will be incorporated into subsequent workshops.

Upon the project completion, the next step is to monitor project recommendations application and use, to develop relevant measures by responsible authorities to increase HGiFs’ support. For this purpose, it is recommended to develop special methodology and organize interviews with responsible public authorities.

Project Overseers

Nikita PONOMARENKO, Deputy Director of Department of Strategic Development and Innovation of the Ministry of Economic Development of the Russian Federation.

PO has extensive experience in international projects and experience of interaction with international organizations.

Prior to his appointment to the current position, he had experience in the Office of the Government of the Russian Federation (as an Advisor to the Department of Economics) and in the Ministry of Economic Development and Trade of the Russian Federation (as a Deputy Head of the Department of State Regulation of Foreign Trade Activity).

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

General duties:

1.  Administrative work
2.  Assisting the project leader and project team in disbursing their tasks
3.  Arrange all and engage relevant communications with various parties
4.  Manage the project timetabling

Waivers

Not Applicable.

Are there any supporting document attached?

No 
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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
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