Project Title

APEC Financing Opportunities Fair for Women-Led MSMEs 

Project Year

2018   

Project Number

SME 08 2018A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

SME 08 2018A 

Project Title

APEC Financing Opportunities Fair for Women-Led MSMEs 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: Women and the Economy 

Project Year

2018 

Project Session

Session 2 

APEC Funding

119,000 

Co-funding Amount

40,000 

Total Project Value

159,000 

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)

Russia; Chinese Taipei 

Co-Sponsoring Economies

Australia; Chile; China; Indonesia; Japan; Malaysia; Peru; Viet Nam 

Expected Start Date

01/11/2018 

Expected Completion Date

31/12/2019 

Project Proponent Name 1

Natalie Pedan 

Job Title 1

Deputy Head of Division, Department for Investment Policy and Business Development 

Organization 1

Ministry for Economic Development 

Postal Address 1

1-3, 1 Tverskaya-Yamskaya St, Moscow, Russia 

Telephone 1

(7-495) 8708700 Extension 0526 

Fax 1

Not Applicable 

Email 1

pedannv@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

Natalia Pedan 

Project Summary

APEC Financing Opportunities Fair for Women-led MSMEs serves as a strong capacity-building platform providing knowledge, strategies and experience to increase women SME entrepreneurs’ access to finance.

Echoing the 2018 APEC theme “Harnessing Inclusive Opportunities, Embracing the Digital Future”, and in response to the Joint Ministerial Statement of 2017 APEC MINISTERIAL MEETING that calls to support women’s economic empowerment to improve women’s access to capital, assets, and capacity building as well as to improve women’s skills, this Initiative will provide networking opportunities, with aims to (1) connect various local and International funds from APEC region and all over the world with APEC women-led SMEs; (2) serve as a cross-border platform that provides opportunities for knowledge and experience sharing, networking, showcasing and mentoring resources tailored for women entrepreneurs.

By hosting two events APEC Financing Opportunities Workshop and Fair for Women-led MSMEs that engage key stakeholders such as representatives from global funding resources, local women associations from APEC economies that provide support for women in business, and women SME entrepreneurs, this initiative intends to address this critical issue and create a community where the capacity of women SME entrepreneurs can be built.

Relevance

Relevance – Region: APEC recognizes that unleashing the full potential of women entrepreneurs is critical to the prosperity and growth of all APEC member economies. According to the APEC Gender Inclusion Guidelines proposed by Viet Nam and endorsed by PPWE, one of the 5 key pillars that impacting women’s economic empowerment is “Access to Capital and Assets”. This project “Financing Opportunities Fair for APEC Women-led MSMEs” taps into the under-addressed field of financial solution for various resources of funds within APEC region and across the world.

Women on average accounted for just 40 percent of bank depositors and borrowers in 2016, according to IMF survey[1] results published this year—the first time such data became available, while women-owned SMEs operating in the formal sector face a significant credit gap that is estimated by IFC[2] to be approximately $2872 billion, making up 30 percent of the total credit gap for SMEs.

The issue of women’s access to finance has been addressed in projects such as Women Entrepreneurs in SMEs in the APEC Region proposed by Korea in 1999 and Innovation for Women and Economic Development: Facilitating Women’s Livelihood Development and Resilience with ICTs proposed by Chinese Taipei in 2013.

According to the report of Access to Trade and Growth of Women’s SMEs in APEC Developing Economies: Evaluating Business Environments in Malaysia, the Philippines, Thailand and Indonesia, Complexity of the loan application process is a key problem for women-owned SMEs.

Relevance – Eligibility: This project fits “Eligibility Criteria and Guidelines for Accessing the Women and the Economy Sub-Fund” as following.

1)   Deliver capacity building activities in and/or benefiting one or more APEC developing economies and with lessons applicable for APEC members more broadly.

Key stakeholder such as representatives from associations that support women entrepreneurs, local and global funding resources, and women SME entrepreneurs from APEC economies and across the world will be engaged in the Fair.

2)  Build capacity of individuals, local businesses, non-governmental organizations, business associations, civil society organizations, and/or government officials and institutions charged with implementing programs or policies impacting women’s economic participation.

As women with business ideas, women in business, non-governmental organizations, women business associations and other will be invited to take part in the event.

3)  Improve the enabling environment for trade and investment and economic participation for women by focusing on access to capital.

As various funds from all over the world will present their potential for women-led SMEs; Skills and capacity building, there will be grants for education; Leadership, voice, and agency, programs for women-business leaders; Innovation and technology, funding opportunities for innovative business projects.

4)  Include women and women’s perspectives in their design, implementation and evaluation.

The process of design, implementation and evaluation will engage a team of women entrepreneurs and women managers and researches from different APEC economies.

5)  Demonstrate an evidence-based case for implementation, using data from the Women and the Economy Dashboard or other internationally recognized data source, if an appropriate indicator is not included in the Dashboard.

As the APEC Women and The Economy Dashboard 2017 demonstrated: SIGI “Access to Credit” measurement of women’s right and de facto access to bank loans takes the value of zero, when women have the same rights to access credit and bank loans as men; 0.5, when women only have the right to access some kinds of credit; or 1, when women have no/few rights to access credit or access is severely restricted by discriminatory practices. Chinese Taipei’s data in 2012 has been carried forward to 2014 to calculate the APEC aggregate value for that year. A simple average is used to calculate the score for the APEC region in 2014. No aggregate value was calculated for 2012 due to insufficient numbers of economies with data available. Data for Australia; Brunei Darussalam; Canada; Chile; Japan; Korea; Mexico; New Zealand; and United States are not available in 2012. Data for Brunei Darussalam is not available in 2014. Data for Chinese Taipei was obtained from a separate source.

In this situation access of women-led SMEs to alternative type of capital – funds/grants can be very effective for keeping women-led SMEs development in the region.

6)   Take a multi-stakeholder approach, either through partnership and/or participation, by providing clear evidence that relevant private stakeholders and/or civil society are included in the project planning and implementation, such as through funding and/or in-kind contributions and expertise.

We will engage women-led SMEs, women business associations, and other organizations that support   women in business in these two events: APEC Financing Opportunities Workshop and Fair. 

Relevance – Capacity Building: Our project will deliver capacity building activities in access to one more type of capital – various funds and organizations supporting women-led SMEs, those represented on the http://www.we-apec.com/financing_opportunities/young-southeast-asian-leaders-initiative-grants-competition and other of the similar type. All the participating APEC developing economies will benefit as they will learn about funds from all over the world they can apply for, they will learn how to apply and they have set connections with the representatives of relevant fund for further assistance.


Objectives

1)  To attract the attention of various funds from all over the world to women-led SMEs in APEC;

2) To serve as a cross-border platform, providing networking, showcasing and mentoring resources for access to capital of this type; and

3) To place Funds and Associations that provide support for women in business from all over the world on APEC e-platforms like MSME Marketplace. 

Alignment

Alignment - APEC:  Echoing the 2018 APEC theme Aligning with the Joint Ministerial Statement of 2017 APEC MINISTERIAL MEETING that calling to support women’s economic empowerment to improve women’s access to capital, assets, and capacity building as well as to improve women’s skills, this Initiative “Financing Opportunities Fair for APEC Women-led MSMEs” will provide trainings and networking opportunities, with aims to (1) attract the attention of various funds from all over the world to women-led SMEs in APEC; (2) serve as a cross-border platform that provides networking, showcasing and mentoring resources tailored for women entrepreneurs. 

Alignment – Forum: This project improves SMEs’ access to financing and funding support for business growth and prosperity, which echoes priority area 2 on Financing for Business Expansion and Capability Development SMEWG Strategic Plan 2017-2020.

TILF/ASF Justification

Not Applicable.

Beneficiaries and Outputs

Outputs: 

1)   Output 1. Funds and local women associations/communities desktop research with the aim to eliminate relevant for the project Funds and associations, to collect data for the Final Report. A list of funds and local women associations/communities that provide support for women in business with the websites and contact points, if possible, will be provided.

Output 2. Fair and Workshop in Russia (Siberia) – 50-100 participants. 

Detailed agenda will be developed in collaboration with Chinese Taipei after the project will enter into implementation stage. Changes in the abovementioned agenda may apply. 

Output 3.  Fair and Workshop in Chinese Taipei – 50-100 participants. 

Detailed agenda will be developed in collaboration with Chinese Taipei after the project will enter into implementation stage.

Tentative agenda for both events:

First part of the day – Funds «show case», QA session and networking activities. Problems elimination and discussion when working with such kind of capital might take place.

Second part of the day – Best practices presentations. Working in groups might take place. Application process simulation on real cases from participating SMEs and with feedback from representatives of funds might be. Networking activities. 

Output 4. The Final Report (electronic publication) for women-led SMEs, women associations/communities that provide support for women in business and went through Funds and local women associations/communities desktop research. This Report will provide information about Funds and local associations/communities that provide support for women in business and provide success stories of SMEs that use such type of capital in their activity. 

The Final Report (electronic publication) of 25 pages will include:

-  A list of funds that have programs for women-led SMEs with links to the websites and contact points, if possible. Those went through Funds and local women associations/communities desktop research.

- A list of local women associations/communities in different APEC economies the websites and contact points, if possible. Those went through Funds and local women associations/communities desktop research.

- Best practices profiles.
 
Outcomes: This initiative will deliver capacity-building activities in access to one more type of capital – various funds and organizations supporting women-led SMEs and other of the similar type. All the participating APEC developing economies will benefit, as they will learn about funds from all over the world they can apply for, they will learn how to apply and they will try to set connections with the representatives of relevant fund/association for further assistance. 

Having learned about this type of capital, having got the direct access to the Funds and learned how to apply, SMEs will be more active in getting funds of this kind. Experience exchange between associations will enrich their ability to provide support for SMEs in applying for funds. More SMEs could get access to this type of capital thus more women-led initiatives will be implemented and more women will be inspired to enter entrepreneurship field. Best practices will inspire women-led SMEs to try new opportunities.

Beneficiaries:  

a)  Women-led SMEs: Women-led SMEs are the direct beneficiaries, as they will be provided with opportunities to learn how to apply for funds from the experience and knowledge sharing of local and International organizations and with opportunities to network with the representatives from various sources of funds from all over the world and local women associations from APEC economies. We will target women-led SMEs.

b)  Local women associations from APEC economies: associations that provide support for women in business. These associations serves as (1) the bridge between women-led SMEs and resources of funds; (2) the funding resource itself; (3) the applicants for funds. With the participation of these associations, it creates mutual beneficial environment for both stakeholders as these associations can learn about the needs of SMEs, opportunities to network with representatives from different resources of funds.

We will target women-led SMEs and associations that provide support for women in business. There might be certain narrowing during implementation stage as we plan to join economies on the stage of the Funds and local women associations/communities study. With the aim to get recommendations of the local funds (that have programs where international applicants are eligible) and associations/communities. We think there might be some preferences from every particular economy and it could make certain specialization. But still we intend to cover wide range of funds that have programs for women in business.

c)  Policy makers: policy makers will learn more about the needs of women-led SMEs and developing relevant measures to support them. The Policy makers involved in the activities implemented within this project will be policy makers that are in charge of MSME affairs within SMEWG, PPWE level.

Researches/analysts: are the secondary beneficiaries. Researchers/analysts will gain more information and data concerning the needs and obstacles facing women SME entrepreneurs when applying for funds.

Dissemination

Participants of the Fair and Workshop will be expected to share knowledge and connections gained via the project with others in their own and/or neighbouring economies. To promote this effort, a final report will be made available on the APEC website. 

The Final Report (electronic publication) with a list of funds, women associations, best practices from different APEC economies and information about the main obstacles women face when applying for this type of capital will be developed and disseminated in SMEWG, PPWE and other relevant groups. It will be recommended to be spread among local communities to learn more about this type of capital. 

A part of the Final Report - the list of the funds and women associations with the contact data might also be placed on MSME Marketplace.

Gender

The event management team will follow the APEC Gender Inclusion Guidelines and ensure gender balance in participation with an aim to secure at least 50% of the delegates are woman. Furthermore, according the APEC Gender Inclusion Guidelines, “access to capital and assets”, one of the five pillars that APEC promotes women’s economic empowerment across its broad agenda for action, which is the core of this initiative.

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

Work plan: Timeline

Activity

Deliverables

Late October 2018 - late December 2018

1.  Project contracting process.

Contractors are hired

January  2019- February 2019

2.  Project planning and development.

Project is developed.

January  2019 - March 2019

3.  Funds and local women associations/communities desktop research.

 A list of funds that have programs for women-led SMEs with links to the websites and contact points, if possible

- A list of local women associations/communities in different APEC economies the websites and contact points, if possible

4. Developing the agenda for the events.

5. Booking venues.

Agenda is developed.

Venues are booked.

6.  Selecting funds for the event to present their programs, Inviting other relevant to APEC needs funds for Fair. Selecting local women associations from APEC economies to take part in Fair. Selecting experts for the event.

Funds, associations, experts to take part in the events are selected and invited.

7.  Elimination of the best practices in co-sponsoring and other economies to be presented during the Fair.

Best practices to be presented during events are eliminated and invited to take part in the events.

March to May 2019

8.  Preparing to host the event in Siberia.

Everything is ready for the event.

9. Inviting participants from developing and other APEC economies to take active part in the Fair.

Invitations sent.

June 2019

10.  To host APEC Financing Opportunities Workshop and Fair for Women-led MSMEs I in Russia, Siberia

Event has took place

August - September 2019

11.  Adjusting the agenda for the event in Chinese Taipei, if necessary.

 Agenda is adjusted.

12.  Elimination and selection of more funds for the event to present their programs. Selecting more local women associations from APEC economies  and experts to take part in Fair in Chinese Taipei

More Funds, associations and experts  to take part in the event are selected and invited to take part in Chinese Taipei

13.  Elimination and selection of the best practices in co-sponsoring and other economies to be presented during the Fair in Chinese Taipei.

Best practices to be presented during event are eliminated and invited to take part in the event in Chinese Taipei.

14.  Inviting participants from developing and other APEC economies to take active part in the Fair.

Invitations sent.

August-October 2019

15.  Preparing to host the event in Chinese Taipei.

Everything is ready for the event.

16.  Inviting participants from developing and other APEC economies to take active part in the Fair.

Invitations sent.

November  2019

17.   To co-host APEC Financing Opportunities Workshop and Fair for Women-led MSMEs II with Chinese Taipei

Event has took place

Late November 2019

18.  Final report development

Final report is ready.

Within 2 months from project end date: the drafting, endorsement and submission of the Completion Report and all supporting documents to the Secretariat.

Completion report

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

Long Term Evaluation of APEC Projects

Risks

A risk of low interest from  various sources of funds to take part. For this, a project team will involve co-sponsor economies and other relevant fora to recommend those funds for participation at the early stage of the project. A motivation letter for the funds will be developed with the aim to make a participation attractive for the them.  Project team will keep in touch with local authorities through SMEWG, PPWE and other groups from the early stage of the project to ensure their involvement and support. We plan to join economies on the stage of the Funds and local women associations/communities research. With the aim to get recommendations of the local funds (that have programs where international applicants are eligible) and associations/communities. 

Low engagement of participants such as women SMEs and local women associations. Project team will develop motivational letter that will interest economies to take part and provide necessary support. 

Low relevance to the needs of the participants. Access to capital is always of high relevance to the needs of women-led SMEs.

Monitoring and Evaluation

APEC Financing Opportunities Workshop and Fair for Women-led MSMEs (2 events):

-  at least 10 Funds and women associations

-  at least 7 best practices from the travel eligible economies and local women associations

-  100-200 participants in total for both events

-  25 pages Final report

-  50% of the delegates are woman

PO will collect the data about implementation progress on monthly basis.

Linkages

This capacity building project directly responds to the current activities of PPWE, as the notion of this project is to support women entrepreneurs’ access to financial services, women’s entrepreneurship and women’s leadership. Cross-fora collaboration will be promoted as SMEWG, Economic Committee (EC) and Human Resources Development Working Group (HRDWG) can be actively engaged. Representatives of different groups will be invited to participate in these 2 Fairs. This initiative has already involved 9 co-sponsors and two working groups: SMEWG and PPWE. Representative from various sources of funds from all over the world and local women associations from APEC economies will be engaged in this APEC Financing Opportunities Workshop and Fair for Women-led MSMEs.

Sustainability

This initiative will deliver capacity building activities in access to one more type of capital – various funds and organizations supporting women-led SMEs. All the participating APEC developing economies will learn about funds from all over the world they can apply for, they will learn how to apply and they have set connections with the representatives of relevant funds for further assistance. Participants of the Fair and Workshop will be expected to share knowledge and connections gained via the project with others in their own and/or neighboring economies.

Local woman associations form different APEC economies are among the key stakeholders of the event as they might serve as the bridge between women-led SMEs and resources of funds; as the funding resource itself; and as the applicants for funds. With the participation of these associations, it creates mutual beneficial environment for the rest stakeholders as these associations can provide a necessary support for local women MSMEs in searching for and applying for these type of capital in future.

Project team will collect data of all the resources of funds they will be in touch; even those will not be able to take part in the project, as active participants will be collected. Some of them might be invited to participate in future APEC projects.

Financial Opportunities Fairs and Workshops might be held in other APEC economies and Russia might provide consultancy support for these projects, if necessary.  We plan to continue to hold Financial opportunities fair on yearly basis. It could be hosted in different APEC economies and may target certain industries of SMEs, and certain women associations, depending of the priorities.

Project Overseers

Natalia Pedan
Ministry for Economic Development of the Russian Federation
Department for investment Policy and Business Development

Natalia was responsible for preparation and further implementation of:

-  Russia - EBRD Technical Cooperation Program» including TAM/BAS programs on SME technical assistance,

-   the Agreement between Russia and EBRD in respect of the establishment of the Russia-EBRD technical cooperation account

-   the Russia State Program on foreign/international economic activities,

She also took part in SME’s projects assessment for funding from Russia-EBRD technical cooperation account.

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

Contractor: will provide all substantive part for the project (work with co-sponsors, speakers, experts and discussants in drafting, revising and finalizing agenda of the Fair and the Workshop; work with the Key stakeholders and other relevant fora; search for best practices and collect them for the event; develop curriculum for the workshop; collect, analyze and synthesize data of various kind; develop the final report); work as a coordinator in all substantive matters (250 hours total), seek APEC Funding.

Contractor’s Secretaries: will assist contractor with substance and paperwork (680 hours total), self-fund. 

Short-term staffs (clerks): will handle clerical services before/during the workshop and logistic arrangements (200 hours total), seek APEC Funding.

Waivers

Waiver for advance payment for travel airfare, per diem for speakers/experts, active participants - to encourage participation in the project.

Are there any supporting document attached?

No 
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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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