Project Title

APEC SME Forum 2019: How Big Data and AI Are Driving Business Innovation? 

Project Year

2018   

Project Number

SME 06 2018A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

SME 06 2018A 

Project Title

APEC SME Forum 2019: How Big Data and AI Are Driving Business Innovation? 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Micro, Small and Medium Enterprises (MSME) 

Project Year

2018 

Project Session

Session 2 

APEC Funding

100,000 

Co-funding Amount

100,000 

Total Project Value

200,000 

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

Australia; Chile; China; Hong Kong, China; Malaysia; Mexico; Peru; Russia; Chinese Taipei; Viet Nam 

Expected Start Date

01/10/2019 

Expected Completion Date

31/12/2019 

Project Proponent Name 1

Chun Byungwoo 

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

youna@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

Chun Byungwoo 

Project Summary

As the fourth industrial revolution era has arrived leading new technologies, it has highlighted the significance of challenges and opportunities brought by digital transformation for MSMES and SMEs. Business innovation is led by the combination of the new technologies, and MSMEs in the APEC region need to make technology innovation to create new business opportunities to take the lead in the fourth industrial revolution era. 

In this context, Republic of Korea proposed to hold a 2-day APEC Forum under the theme of “How big data and AI are driving business innovation?” in Republic of Korea in 2019 to:

i) enhance innovative capability of MSMEs and SMEs by sharing of knowhow of utilizing Big Data and Artificial Intelligence (AI) in their business, and

ii) provide a better understanding on how to create new business values with the fourth industrial revolution technologies.

The forum consists of lectures of experts, best practices of leading companies, discussion session, and field visit. All the participants such as experts, entrepreneurs, SMEWG, and academia would have good opportunities to learn how to enhance innovative capabilities of MSMEs and SMEs in the APEC member economies.

Relevance

Relevance - Region: The Fourth Industrial Revolution is the latest and possibly the most significant revolution in the underlying structure of enterprises. Driven by the convergence of computing, data, artificial intelligence and universal connectivity, business environments in every industry are now under reshaping. And this change offers business huge opportunities with efficiencies and insight, but it also creates new competitors, threatens old established modes of operation, and creates new risks to security and reputation. For MSMEs in the APEC region, to take the lead in the Fourth Industrial Revolution era, it is important to prepare for their business by learning how the new technologies are connecting with their own business and leading technology innovation to create new business value. 

As the forum is proposed under the theme of “How Big Data and AI Are Driving Business Innovation?”, it is expected to help participants learn how to transform their business with big data and AI technologies, the two technologies representing Fourth Industrial Revolution, and create new business value. This forum also will promote regional integration and digital transformation by encouraging SMEs, MSMEs, and private sector to facilitate their business in conjunction with balanced and sustainable economic growth. And it will be a critical juncture of experts, policy makers, government officials, SMEs and MSMEs including women and young entrepreneurs to exchange best practices and knowhow reinforcing capabilities on digital transformation and digital resilience. 

Given the objectives of the forum, it is expected to benefit APEC member economies as it is intended to utilize MSMEs’ and SMEs’ potential, foster entrepreneurship including women and young entrepreneurs among member economies, and support their businesses. Additionally, through the forum, it is expected to meet the statement, “Creating new drivers for regional economic integration” of Da Nang Declaration 2017. 

Relevance – Eligibility: This forum is lined up with MSME Sub-Fund priorities as it allows the promotion and acceleration of regional economic integration, encourage economic and technical cooperation, enhance human security, and facilitate a favorable and sustainable business environment. Also, it allows integration of key elements of the SMEWG and PPWE Strategic Plans to address unique challenges faces by women-led MSMEs by integrating gender responsive policies and programs. The forum will contribute to support MSMEs capacity building in more than one APEC developing economies. Further, the stakeholders, involving the private sector, civil society, and academic institutions will exchange successful experiences to promote the building of institutional capacities. By sharing and learning of big data and AI technologies, member economies will have an opportunity to reduce red tape, cost and time in their businesses as well as poverty reduction in their economies. 

This forum meets the APEC Iloilo Initiative and Boracay Action Agenda as follows: (1) MSMEs are significant contributors of economic growth, trade, employment, and poverty alleviation in order to harness new opportunities to participate in global trade. (2) Providing bigger voice, better opportunities for MSMEs; (3) Strengthening institutional support for MSMEs by building a regional network of MSME innovators and accelerators as part of an ecosystem which supports enterprise creation and increases the innovation capabilities of MSMEs. 

Relevance – Capacity Building:

1)  APEC’s goals for capacity building: This forum assists APEC MSMEs and SMEs to obtain comprehensive growth and equitable developments in the Asia-Pacific region as well as deepen the spirit of APEC community by addressing the need for building capacity of MSME and SME on creating new business strategies with technologies representing the Fourth Industrial Revolution.

2)  APEC’s objectives for capacity building: APEC member economies especially developing economies need to build capabilities in digital transformation and resilience through sharing and learning best practices and knowhow to achieve technology innovation in MSMEs and SMEs in the APEC region. 

3)  APEC’s operational principles for capacity building: This forum will follow closely to the APEC’s operational principles for capacity building listed on Appendix K of the Guidebook. For example, the forum encourages sharing proven best practices or the implementation and new approaches to solve existing problems in the region.

Objectives

1)  Enhancing innovative capability of MSMEs in the APEC region to take the lead in the fourth industrial revolution era by sharing of knowhow of utilizing of big data and Artificial Intelligence; and 

2)  Providing a better understanding on how to create new business values with the fourth industrial revolution technologies for MSMEs in the APEC region.

Alignment

Alignment - APEC:  This forum highly aligns with the 2018 APEC theme “Harnessing inclusive opportunities, embracing the digital future” as it addresses digital resilience and digital transformation. In this context, facilitating and utilizing of big data and AI technologies are the crucial topics that all APEC economies should and will be engaged. 

Alignment – Forum: This forum is directly aligned with the priority areas and objectives of the SMEWG Strategic Plan 2017-2020. Considering “Entrepreneurship, Innovation and the Internet and Digital Economy’, MSMEs and SMEs will be engaged in the forum to build capabilities on digital resilience by using of big data and AI to take advantage of and compete effectively in digital economy. In terms of the priority area of “Market access for SMEs”, the forum will serve as a cross-border platform to secure and strengthen MSMEs’ and SMEs’ digital resilience that they need to go forward and thrive in the digital economy.

TILF/ASF Justification

Not Applicable.

Beneficiaries and Outputs

Outputs: Since the forum is a two-day event, the most immediate output is hosing of the APEC SME Forum.

The forum will invite relevant policymakers and government officials responsible for the design and implementation of policies regarding AI and big data technologies. Also, the forum will invite key experts from relevant institutions and private companies such as KAIST (Korea Advanced Institute of Science and Technology) ETRI (Electronics and Telecommunications Research Institute), Samsung and etc. 

This forum will be carefully planned in the following months, and then a set of forum materials will be prepared for the participants. The PO and his team intend to include speakers from APEC economies and Big & AI leaders and non-APEC economies who have their expertise, experience and influence in data and AI technology in order to have a balance in a discussion that will take place in the two-day forum, including all the relevant points of views, from government officials, academics, and representatives of private sector and civil society, among others. 

Rough agenda, for example, discussion/presentation topics would be as follows (it could be changed later):

1)  Creating Data Driven business Ecosystem for MSMEs, women,  young entrepreneurs and startups

2)  Does AI provide a competitive advantage for business?

3)  Big data and machine learning for MSMEs and SMEs including women-led business, young, and startups

4)  Leading a data team that supports the business into a cohesive data-driven unit

5) Sharing best practices from inspiring women, young and Startups in AI, Big data, Data science

6) The challenges of the 4th industrial revolution

7)  Building an advanced analystic function and platform

8)  Applied data science in the business for MSMEs, SMEs

9)  Networking session

For the success of the forum, APEC economies’ representatives will be encouraged to participate in this activity and the PO and his team will develop actions towards this end, such as contacting embassies and governmental authorities to obtain responses to participate in the forum and increase networking. 

A report will be drafted after the forum as one of the project’s outputs (expected length of the report is within three (3) pages) The report will be composed of the following, but not limited to, sections: introduction fo the project, briefings of the presentations made at the forum including good practices (if any), briefing on discussions at the forum, suggested recommendations/initiatives made by forum participants, on-site survey, sharing best practices and opportunity to network and to benchmark. 

Lastly, it is expected that the forum will allow networking between speakers and participants to exchange views and experiences on MSMEs, services and AI & Big data facilitation processes. Also, it will promote better understanding of available working tools and initiatives within APEC regions. 

In addition, all outputs listed in the proposal will be accounted and included in the final completion report which will be submitted within two months after the project is completed. 

Outcomes: This forum as a whole, in the medium-term, will work as a catalyst and facilitator to bring the policy change with the strong bond of public and private and with intensive cross-fora cooperation among SMEWG, ABAC, and PPEW. With this momentum, it is expected to make e-commerce and digital environment friendlier to drive MSMEs’ innovation to foster their participation in global and regional markets. 

The medium-term impacts also echo the priority of ‘Boracay Action Agenda to Globalize MSMEs’ and ‘SMEWG Strategic Plan 2017-2020’ which se one of the priority actions as identifying and promoting strategic e-commerce platforms and innovative business models for MSMEs including women-led businesses, young entreprenerus, and startups. Further, the outcome of this forum also will support SMEWG’s work to coordinate with CTI for connecting SMEs and MSMEs to global and regional markets. 

In addition, the forum will build the capacity of and engage APEC member economies. It will also support the development of human capital and/or entrepreneurial capacity among member economies and it will contribute to all participants to enhance their knowledge and skills in improving their business. 

1)  Increased awareness of the need and importance of utilization of AI and Big data technologies to improve their business 

2)  Motivate entrepreneurs including women and young and startups by sharing best practices and state-of-the-art technologies to perform better at work by providing them with specific goals for success and innovation. Through this forum, women, the young and startups will be informed of the current trends and characteristics of the Fourth Industrial Revolution and thus better cope with the opportunities and demands of the revolutions. They will be able to apply the gained knowledge to their current business or to the creation of new business. Also, with an understanding of the features of the Fourth Industrial Revolution, which highlights the importance of creativity and innovation, Women, the young and startups in APEC region will be led to cultivate their unexplored talents, which are more important than capital in the current business environments. They will eventually become more competitive in STEM Fields – science, technology, engineering and math including AI, Analytics, Big Data, Data Science, and Machine Learning. 

3)  Policymakers will have a better perspective that helps boost the entrepreneurship and provide a more competitive environment for MSMEs and SMEs. This will be possible through the combined contributions of a wide range of organizations and actors such as Ministry of SMEs and Startups, Small and medium Business Corporation, APEC SMEWG and etc. involved in providing tools for capacity building that will help create a more competitive environment with APEC regions. 

4)  The knowledge and experiences gained as well as networking made during the forum will help government officials to further fine tune their MSMEs, SMEs, and entrepreneurship polices in order to assist business in their home economy in the fourth industrial revolution era. 

Beneficiaries: This forum is directly aligned with the priority areas and objectives of the SMEWG Strategic Plan 2017-2020. Considering “Entrepreneurship, Innovation and the Internet and Digital Economy’, MSMEs and SMEs will be engaged in the forum to build capabilities on digital resilience by using of big data and AI to take advantage of and compete effectively in digital economy. In terms of the priority area of “Market access for SMEs”, the forum will serve as a cross-border platform to secure and strengthen MSMEs’ and SMEs’ digital resilience that they need to go forward and thrive in the digital economy. 

1)  Forum participants: Participants including government officials from SMEWG in APEC region, women and young entrepreneurs, business leaders from private sectors, academic researchers, experts in the field of AI and Big data and relevant organizations and institutions and etc.will have opportunities to learn about how the AI and Big data technologies will drive and change the business environment and about other related fields. Also, through sessions in the forum, many participants will be able to establish relationship with successful businessmen and other participants. 

2)  Women entrepreneurs: This forum can provide them with increased business opportunities beyond the traditional workplace environments. Also, women entrepreneurs, including potential female start-ups, who are interested in acquiring knowledge on AI and Big data with ITC smart technology business, will increase their knowledge from the event. The women entrepreneurs in APEC regions  will share their challenges and knowhow through the forum  and separated networking sessions for women entrepreneurs. 

APEC Policy makers: APEC policy makers such as government officials from SMEWG can obtain necessary information to establish and implement policies on nurture entrepreneurs and on promoting business innovations suitable to the fourth industrial revolution. That can interact and exchanges with relevant actors and get policy ideas from private sectors.

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 and the APEC MSME Marketplace at https://apecmsmemarketplace.com

In addition, a summary report will be developed to ensure that key lessons from the forum are documented. And the report will be distributed to all forum participants via APEC Secretariat to share with their economies. 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 2019. There is no intention to sell any outputs related to this project and it will be submitted to the Secretariat at the completion of project with the completion report.

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

Gender

The forum involves the participation of both genders, so that they can discuss and express their opportunities and difficulties of the cooperatives sector, such as access to finance, legislation, development of partnerships, and other topics. 

Moreover, this forum will include participation of women, including experts in various fields and women entrepreneurs. The organizer will coordinate with other economies and chamber of commerce or associations of women entrepreneurs in each economy, in order to ensure women representatives’ participation in the event. In addition, the organizer will try to include as many women entrepreneurs as possible in the speakers list so that they can share their experiences and problems in the forum. 

In addition, to address gender concern and make sure that men and women are engaged efficiently in the forum, the evaluation form delivered at the end of the forum will include information on gender to aggregate for forum assessment. PO expected that at least 40% of forum participants will be female. 

PO expect[s] that at least 40% of forum participants will be female including female experts and speakers to achieve the goals that women, young, and startups will have an opportunity to perform better in their business by sharing best practices. 

In this regard, the forum will encourage active participation of women from APEC economies to engage in the forum as both speakers and participants. This is important since women-owned MSMEs and SMEs face heavy barriers including the lack of access to information related to technologies and markets. The organizers will make an effort to include women who range from experts in digital economy to MSME and SME business owners.

In the forum, PO will organize an separated networking session to sharing best practices and precious experiences of women experts or speakers to address challenges that women MSMEs facing and to utilize Big data and AI in their business. 

PO is committed to collect sex disaggregated data for all speakers and participants (not only the APEC funded) at the project event. This data will be included when submitting a Completion Report to the Secretariat at the completion of the project.achieved as well as giving future POs guidance on their own gender parity targets.

Work Plan

Time

Activities

Deliverables

December 2018 ~ March 2019

Establish a work plan for the forum

Member of Global Cooperation Department in SBC will conduct and start to make detailed agenda

April 2019 ~ July 2019

Recruit speakers from APEC economies / Contact each APEC economies for the recommendation of speakers

Participants and speaker list will be started to be made

August 2019  ~ September 2019

Prepare to invite participants and recruit participating organizations

Completion of participants list and presentation materials

October 2019

Conduct the forum

Conducting and executing of the program

 December 2019

Evaluate the forum

Project report as a form of summary of the forum and Completion report (submitted to APEC Secretariat)

6 to 12 months after project end date –Participation in the Long Term Evaluation of APEC Projects conducted by the Secretariat, as required for all APEC funded projects.

Risks

Risk

Management Strategy

Participants

To get a good mix of participants, consisting of public officials, private sectors and young entrepreneurs by leveraging on ABAC (APEC Business Advisory Council), and chambers of commerce in respective economies and foreign missions in the Republic of Korea

Recruiting appropriate speakers

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

Logistics and facilities

Restricted selection based on capacity and budget might be a problem but it can be managed and solved through early reservation and planning

Low engagement

There may be a risk of low interests and participation in the forum. If the gathering process is not as expected, in response, we will use social media to attract more participants. The participation of the forum is critical so the project team will contact with the stakeholders in the early stage of the preparation.

Lack of interest of target Participants from selected APEC Economies

Project has received overwhelming support from ten economies. Strong Recruitment will address any gap stemming from limited interest. While Chile is a further destination for APEC economies, stakeholders are willing to make the trip

Women participation

To manage this risk, this project will link the online platform to various APEC websites (e.g. PPWE, SMEWG), e-government websites of the Korean Ministry of Gender Equality and Family and homepage of the Korea IT Business Women’s Association (KIBWA). Therefore, we prevent the risk from not achieving to benefit women.

Economies not applying  Knowledge learned or adopting Recommendations from the Project

PO will try to provide clear guidance for participants to apply best practice to their economies. Also, all actions need to be supported by SMEWG organization of each economy.

NMP approval

This risk can be eliminated by receiving an approval from APEC Secretariat in advance as usual. Also, PO will try to finalize a list of NMP early and check with APEC Secretariat to receive the approval on time.

Monitoring and Evaluation

As stated above, the measureable indicators of this program include: (1) Approximately 34 people from APEC member economies and about 200 other domestic participants are expected to be attended to the forum (40 percent of the participants will be women); (2) At least 10~15 APEC funded government officials from APEC economies participating in the forum; (3) A well-developed  project report comprising of the program outcomes and policy recommendations of the ‘APEC SME Forum 2019: How Big Data and AI Are Driving Business Innovation?’ to be disseminated to all APEC member economies and the completion report will be submitted within two months after the forum is completed. 

PO and his team will conduct an on-site evaluation and survey to collect participant’s feedback for the forum. The evaluations will allow participants to assess the quality of the forum, on the substantive program as well as on the organization, logistics. The evaluation wlll also try to measure the level of knowledge gained by participants on key issues or topics covered during the forum. Data disaggregated by gender will be collected to endure that the impacts on women are measured and monitored including the number of participants as well as the number of technical experts as speakers and experts. This information will be reported through a completion report. 

The measurable indicators of this program are as follows:

-  SME Innovation Center website and APEC MSME Marketplace;

-  Approximately 34 people from various sectors attending the APEC SME Forum 2019: How Big Data and AI Are Driving Business Innovation? We would like to invite more within the budget limitation and other domestic participants would be 200 people;

-   At least 10~15 APEC government officials participating in the forum; and

-   A well-developed final completion report, which is comprised of the key outcomes of the programs and policy recommendations, to be disseminated to all APEC member economies and the completion report will be submitted within two months after the project completes.

In addition, the key outcomes of this project are expected to be presented at the related APEC for and others.

Linkages

- ABAC, HRDWG, and PPWE can be actively engage to promote cross-fora collaboration opportunities in the forum by sharing results and completion report circulation. ABAC, HRDWG, and PPWE will be engaged through their attendance at the forum. Outcomes of this forum will also be disseminated to the relevant fora.

- Non-APEC stakeholders such as Electronics and Telecommunications Research Institute (ETRI), Korea Advanced Institute of Science and Technology (KAIST) and other specialized organizations and companies providing digital resilience with big data and AI sectors will also be engaged by providing contributions and receiving solid support of digital competitiveness and resilience through effective networking, in-depth teaching, workshops and etc.

Sustainability

The forum will further advance and enhance the digital driven business environment in APEC economies. Specifically, the forum will contribute to capacity building efforts to ensure MSMEs and SMEs are able to take advantage of opportunities to globalize their businesses, which is identified as an important goal of APEC. 

To sustain the impact of the project and create advanced IT technology business environment on the APEC level, the PO suggests the APEC to take initiative and encourage member economies to hold similar forum on a regular basis. As for the budget of the forum, each economy may use self-funding to help nurture their entrepreneurs and businesses utilizing stat-of-the-art IT technologies such as big data and AI. 

The case studies, lessons learned, best practices, and international experiences with these digital issues including the 4th industrial revolution shared during the forum will enhance the dialogue among stakeholders and help build capacity among beneficiaries to carry reforms forward and align efforts in their economies. 

The forum’s sessions will cover next steps and highlight an expectation that participants will return to their home economies prepared to advocate for best practices and policies that support facilitating and utilizing the flow of information while respecting applicable domestic laws and regulations and fostering digital literacy to enable MSMEs and SMEs access to the advanced digital economy. 

Lastly, there will be a concerted effort to build upon the forum’s outputs through a continued call for regional cooperation to implement APEC principles and highlight cross sectoral collaboration. The forum will facilitate APEC’s continued leadership in this effort while implementing the 2017 APEC SME Ministerial statement “Enhancing MSMEs’ Competitiveness and Innovation in the Digital Age”.

Project Overseers

Chun, Byung-Woo is a Director of Global Cooperation Department of Small & medium Business Corporation (SBC).For the  27 years has worked in the SBC and as a Director of Global Cooperation Department, he is in charge of global business cooperation including APEC SMEWG. He is highly experienced project manager as a certified management consultant. Also, he was a representative in the USA office of 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

Short-term clerical fees: The PO is going to hire an experienced team consisting of experts in organizing international conferences.

Waivers

Not Applicable.

Are there any supporting document attached?

No 
Attachments
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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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