Project Title

APEC Startup Funding Forum: Building a Holistic Startup Funding Landscape to Boost Economic Growth 

Project Year

2019   

Project Number

SME 08 2019A 

Project Session

Session 2   

Project Type

Standard 

Project Status

Project in Implementation   
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Project No.

SME 08 2019A 

Project Title

APEC Startup Funding Forum: Building a Holistic Startup Funding Landscape to Boost Economic Growth 

Project Status

Project in Implementation 

Publication (if any)

 

Fund Account

APEC Support Fund 

Sub-fund

ASF: General Fund 

Project Year

2019 

Project Session

Session 2 

APEC Funding

150,000 

Co-funding Amount

121,100 

Total Project Value

271,100 

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)

Malaysia 

Co-Sponsoring Economies

Hong Kong, China; Japan; Korea; Peru; Singapore; Chinese Taipei; Viet Nam 

Expected Start Date

01/12/2019 

Expected Completion Date

31/12/2020 

Project Proponent Name 1

Dzuleira Abu Bakar 

Job Title 1

Chief Executive Officer 

Organization 1

Malaysian Global Innovation and Creativity Centre (MaGIC) 

Postal Address 1

Not Applicable 

Telephone 1

(60-3) 83244801 

Fax 1

Not Applicable 

Email 1

dzuleira@mymagic.my; johnathan@mymagic.my 

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

Dzuleira Abu Bakar 

Project Summary

This project seeks to address the challenges faced by startups with regards to access to funding, given that startups are an integral component to the economic growth and prosperity of different economies. The definition of  MSMEs in this context includes nano, micro, small, medium, startups and social enterprises and this proposal focuses on startups as the key target group of beneficiaries. Making capital and funding accessible to startups is key to ensuring that these startups can continue to innovate, gain new knowledge and practices, create job opportunities, pay taxes and ultimately contribute meaningfully to the economy.

Being one of the main drivers of the startup ecosystem in the region, Malaysia, proposes to host a 2-day forum  in Kuala Lumpur. This project aims to help economies build and/or grow more funding mechanisms in the space by sharing experiences, best practices, mutual learning and exploring cross-economy collaborations in implementing and formulating a holistic startup funding      ecosystem, based on the challenges faced by startups in accessing funds for an integrated startup funding ecosystem among the APEC economies.

Relevance

Relevance – Benefits to region: Startups are an integral driver of economic growth for many economies. Making capital and funding accessible to startups is a key component of ensuring that these startups can continue to develop, innovate, generate new knowledge or practices, create jobs and employment, pay taxes and contribute to the GDP. The challenge remains that in most developing APEC economies, access to financing for startups can be difficult or limited, thus hindering the potential growth of these economies.

In the past, APEC has conducted a few programs to help startups get access to financing but there are limited focus on helping economies build and/or grow more funding mechanisms in the alternative funding space as a means of funding/financing/investments into startups.

This presents an opportunity where APEC could be the platform for more mature economies with stronger investment ecosystems to teach the developing economies on how to build and strengthen their own funding ecosystem. For example; Malaysia’s robust Equity Crowdsource Funding platforms governed by Malaysia's Securities Commission have collectively invested in 51 Startups totalling up to almost RM50 million between 2016-2018. Imagine if developing markets can also offer similar opportunities to their startups and/or allow their startups to fund raise cross borders from these platforms.          

Malaysia, proposes to host a 2-day forum in Kuala Lumpur. This project aims to: (i) help economies build and/or grow more funding mechanisms in the alternative funding space (ii) act as a G2G platform for mutual learning and exploration of existing and new funding mechanisms across economies - Grants, Project Financing/Loans, Peer-to-peer lending (P2P), Equity CrowdFunding, Corp VC, Venture  Capital,  Venture  Debt,  etc. (iii) explore cross-border funding amongst economies and form collaborations for an integrated startup funding ecosystem framework among the APEC economies.  This project is aligned with the SMEWG Strategic Plans 2017 - 2020 on financing for business expansion and capability development to improve SMEs’ access to financing and funding support for business growth. The conference will allow for exchange of know-hows and cross-learning to facilitate the effort to create a conducive and integrated startup funding landscape among the APEC economies.

Relevance – Eligibility and Fund Priorities: This Startup Funding Forum seeks ASF General Fund as it would support learning, partnership and deliverables for the development of a holistic startup investment landscape, creating a vibrant funding ecosystem of the economies. The priority areas under ECOTECH, namely developing human capital, facilitating technology flows and harnessing technologies for the future, developing and strengthening the dynamism of Small and Medium Enterprises (SMEs) and integration into the global economy as articulated in the Manila Framework, are aligned with this project.

Relevance – Capacity Building: In fostering a conducive and holistic startup funding landscape for the APEC region, the forum is aimed to encourage (i) cross-learning on case studies/know-how of investments in efforts to develop a holistic APEC funding ecosystem (ii) to learn, refer, advice, consult and implement alternatives and new funding options cross-border, restoring balance, closing the gap as well as catalyzing potential partnerships and collaborations among venture capitalists across the region.

The content of the 2-day forum is crafted in objective to enable member economies, particularly developing economies to obtain, share, strengthen, maintain and develop knowledge, abilities, skills and technical know-how to improve respective policies and regulations or institutional structures by referencing to the documented learning, challenges, issues and recommended solutions. This startup funding forum is aligned with APEC’s goals for capacity building by providing investment best practices, sharing and education to relevant stakeholders in startup ecosystem for attaining sustainable growth and equitable development reducing economic disparities between developed and developing economies in the Asia-Pacific region.

The startup funding forum complies to three of APEC’s operational principles for capacity building. (i) Internal and regional replicability - the beneficiaries of this project are able to further replicate and /or disseminate their acquired skills within their economies and to other regional partners, whether it may be members of the public, private and academic sectors. (ii) Inclusiveness - this projects shall not exclude beneficiaries because of their gender, ethnicity, age, sexual orientation, disability or poverty, and (iii) Enabling - a  pitching/business matching session will enable real impact on individuals, institutions and economies, to assist them in participating more fully in the regional economy, the liberalization of trade and investment and the subsequent facilitation process.

Objectives

The objective of this proposal is to help economies build and/or grow more funding mechanisms in the space, share experience, best practices, mutual learning and explore cross economies collaborations and implementations on formulating a holistic startups funding ecosystem based on the challenges faced by startups in accessing funding for an integrated startup funding ecosystem among the APEC economies. There will be two (2) intended outcomes from the forum, (i) during the policy labs, government officials will get the opportunity to express interest to collaborate with other economies on particular funding mechanisms, PO will collect all responses, Malaysia will consider a follow up workshop in the subsequent year during APEC New Zealand 2021 should there be overwhelming interests expressed. (ii) during the market access pitching, government officials gets the opportunity to listen to the solution by the fintech startups, government officials who are interested to explore with the fintech startup can requests and arrange a meeting for further discussion. Meanwhile, the fintech startups benefit from the unparalleled opportunity to pitch in front of government officials from APEC economies for market access, and more importantly,share their perspectives on regulatory challenges and possible policies that are more conducive for the funding landscape.

Alignment

Alignment - APEC: The project is in line with SME Ministerial Meeting Declaration in 2017 on promoting APEC innovative start-ups. The Ministers called economies to create favourable conditions for start-ups as the following which are closely related to the objective of this project:

● Facilitate access to the digital economy as a means to support internationalization and competitiveness of start-ups;

●  Ease access to regional platforms between MSMEs  and government  to encourage cross-pollination of start-up growth;

●  Strengthen cooperation across the sub-fora within APEC and between APEC and relevant international and regional organizations to support and connect innovative start-ups in the Asia-Pacific region;

●  Encourage more capital deployment amongst the APEC economies startup ecosystem either by Venture Capitals, Corporates and Governments.

As endorsed in the Policy Partnership on Science, Technology and Innovation Strategic Plan (2016-2025), statement B.3., under promote public private-partnerships for science and technological innovation, it says “Strengthen links between the public and private sectors to support research and development commercialization including financing mechanisms”. Startups with investment from public and private sector can be a successful spin off of a collaboration.

In 2017’s Leader’s declaration, statement number 16, it says “We will work together to realize the potential of the internet and the digital economy, including through appropriate regulatory and policy frameworks, and taking into account fair competition to encourage investment and innovation. We welcome the adoption of the APEC Internet and Digital Economy Roadmap and the APEC Framework on Cross-border E- commerce Facilitation. We will consider actions to facilitate the development of the internet and the digital economy, including e-commerce and digital trade.”

In 2018 The Chair’s Era Kone Statement, #23 says We recognise the critical importance of structural reform as a driver to strengthen inclusive, innovative and quality economic growth. An effective and holistic approach to structural reform improves the functioning of markets, enables deeper market participation by all segments of our society and advances our broader APEC goals. Improvements to the regulatory environment, including through strengthening competition policy, removing behind the border barriers, and facilitating the ease of doing business, can increase cross-border  trade, finance and investment, as well as boost innovation and support the emergence of groundbreaking technologies. We welcome work on structural reform and infrastructure and encourage officials to undertake work in 2019 on structural reform and the digital economy.

Alignment – Forum: This project is aligned with the SMEWG Strategic Plans 2017 - 2020 on financing for business expansion and capability development to improve SMEs’ access to financing and funding support for business growth. This includes supporting start-ups through establishing an innovative startup ecosystem by ensuring access to resources and building start-up networks and partnership. The forum  will allow for exchange of know-hows and cross-learning to facilitate the effort to create a conducive and integrated startup funding landscape among the APEC economies.

In ABAC Programs for 2019, finance and economic working group is one of many overarching priorities, emphasizing on three(3) objectives, (i) Enabling technology to drive increased economic (ii) Promoting MSMEs access to finance and (iii) Advancing financial integration in APEC.

TILF/ASF Justification

Not Applicable.

Beneficiaries and Outputs

Outputs: The forum will be comprised of keynote speeches, panel sessions, policy labs and market access pitching. Details on the forum are as follows:

Day 1 - Keynote speeches and dialogues

There will be three (3) keynote address and two (2) panel discussions sharing by experts from other economies. The session will cover topics with the two (2) key components listed below.

a) Act as a G2G platform for mutual learning and exploration of existing and new   funding   mechanisms across economies - Grants, Project Financing/Loans, P2P, Equity CrowdFunding, Corp VC, Venture  Capital,  Venture  Debt

b) Sharing on policy and regulation challenges in implementation of alternative funding.

Day 2 - Policy labs and market access pitching

Day 2 will consist of 2 parts, during the morning there will be a market access pitching, afternoon is followed by three (3) policy labs being run in parallel.

This startup market access pitching will include:

The pitching will be given four (4)      hours for  21        successful fintech startups from the 21 APEC economies to pitch for ten (10)  minutes each including questions and answers (Q&A). There will be a nomination process that requires all economies to recommend and suggest a successful fintech startups in the alternative funding space, the criteria of selection is that the startup is ready for market expansion and their solution is scalable to other economies. In this context, a successful fintech startup is defined as follows:

a) A fintech startup that has disruptive solution changing the funding      ecosystem in their economy.

b) A fintech startup that is at mature stage that currently amassed significant tractions and ready for overseas market.

c) A fintech startup who is the market leader and has disruptive solution that is suitable to be implemented in other APEC economies.

The market access pitching consist of the involvement of (i) approximately      twenty two (      22 ) government officials from APEC economies; (ii) and twenty one (21)      successful fintech startup representatives from selected 21 APEC economies; (iii) approximately fifty (50) other domestic observers in related field (40 - 50% of the participants will be youth and women).

These labs will involve approximately twenty two (22)     government officials and twenty one (21) fintech startup from APEC economies and  approximately fifty (50) other domestic observers in related field  (40 - 50% of the participants will be youth and women). There will be three (3) thematic policy labs happening in parallel as follows.

(i) Policy Lab #1 - Equity crowdfunding (ECF)

(ii) Policy Lab #2 - Peer-to-Peer lending (P2P) and

(iii) Policy Lab #3 - Corporate funding

The purpose of the policy labs will be an unconference style where government officials and the industry experts in the funding ecosystem can share their initiatives and ideas to solve a problem. The goals of these sessions are to get all the government officials from the various APEC economies to share their thoughts and form initiatives and partnerships to help realise these ideas. The labs will be run like a workshop session where the rooms are split into smaller working groups, ideally 7-15      persons to have more detailed discussions.

The lab owner and facilitator will go around the policy labs to steer the conversation towards the common goal and help collate the discussions from the breakout sessions. The ideal outcome will be some partnerships formed between the government officials from APEC economies to address these problem statements.  Given the topics of discussions around equity crowdfunding (ECF), Peer-to-peer (P2P) lending and corporate funding (CVC), we would like to see solid partnerships formed between the industry experts and government officials from APEC economies whom do not have the infrastructure for these funding options present to set up the necessary frameworks. The suggested format will be as such intro with framing of lab  (lab facilitator), light talk on the policy lab topics (lab owner), discussion, session summary and next steps.

A Forum Impact Report of the event will be produced within three (3)months, after the completion of the event. The report will be structured to include: cover page, table of contents, introduction, summaries from speeches, panels, policy labs and pitching, interest forms, conclusions and helpful suggestions. The forum impact report will be in charge by the APEC team lead, Yusnee Rahmat Yusof under the supervision of project overseer.

Actionable suggestions that can be further implemented in the economies will be suggested in the Forum Impact Report. The following are the types of potential suggestions.

a)  Listing of contact of person and/or organization who are interested in offering their advice/expertise on helping other economies with their specialised alternative funding mechanism to be contacted.

b) A Communication channel on either Facebook page and/or WhatsApp to facilitate dissemination of news/updates and request for help with regards to alternative funding.

Evaluations post-event and 3 months after the Forum will be conducted by the participants, in order to have some insights to the success of the forum and Forum Impact Report.

Outcomes: The expected impacts (outcomes) of the forum are:

-  The participants will enhance their knowledge on alternative funding for Start-ups

-  The Policy makers will learn from other economies on how to promote and implement alternative funding mechanisms for startups

-  Through interest forms in a post-event conducted via email, the economies can express an interest in, and pursue, further collaboration on specific funding mechanisms - provided mutual interests between the interested economies. 

The expected outcomes of the Forum Impact Report are:

-  Policy-makers from APEC economies who were not at the Forum will learn about new mechanism for funding Start-up

-  FinTech start-ups from APEC economies will learn about alternative funding and how to implement them effectively.

- Communication channels are setup to facilitate dissemination of news/updates and request for help with regards to alternative funding.

In the post-event matching activity conducted digitally via email to connect the relevant government officials and fintech startups via email. Two (2) group of audience will be digitally matched, they are (i) between government officials who are interested to learn and implement the funding mechanism from another economy who has the  expertise to offer, (ii) between government officials who are interested to learn and implement the funding mechanism from the successful fintech startups or invite them for market access.

Beneficiaries: The targeted beneficiaries of this proposed event are identified below:

Primary target attendees: Government officials - the policy makers and government agencies who specialized in alternative funding such as Grants, Project Financing/Loans, P2P, Equity CrowdFunding, Corp VC, Venture Capital,  Venture  Debt are invited with the aims to coordinate, strategize and conceptualize all uncoordinated efforts to seek to address the challenges faced by startups to access to finance.

Secondary target attendees: Fintech startups - the startup players who have solutions to fill the gap and disrupt the current funding ecosystem, with the objective to improve available funding options to benefit startups. They will act as the grassroot community, sharing their experience on-the-ground, voicing opinions and proposals to the government officials, enabling government officials to have a better understanding of the startup funding landscape in different economies from those on the ground.

The Government Officials are the primary attendees, they will be the main beneficiaries for the funding mechanism they’re not familiar with in their economy, or they have not implemented. The Fintech startups are the secondary attendees where they’ll share their knowledge, challenges and opinions to other economies, at the same time, it’s an opportunity for market expansion into other economies.

The speakers can be both Government Officials and/or Fintech Startups. In our project, we encourage knowledge transfer between Government Officials in economies with regards to alternative funding. For  example, Malaysia can share experiences on crowdfunding implementation; meanwhile, it’ll be a great opportunity to learn from Singapore and the United States on Initial Coin Offerings (ICO) implementation. Government Officials are necessary to look into the policy changes as part of the outcome. Therefore, it's crucial to have them at the forum as speakers.

The proportion of these two groups during the forum is  as follows:

Total of thirteen (13) speakers for the 2-day forum

●  6 x invited speakers from APEC eligible economies sponsored,

●  7 x invited speakers from APEC economies sponsored by PO on self-funded allocation.

Total of twenty two (22) participants for the 2-day forum,

● 22 x invited primary target participants from APEC eligible economies sponsore

Total of twenty one (21) fintech startups for the 2-day forum

●  21 x invited FinTech startups from all 21 APEC economies sponsored by PO on self-funded allocation

The sponsor-eligible economies are advised to nominate

A) 2 x primary target attendees (government officials) or

B) 1 x primary (government officials) + 1x secondary target attendees (FinTech startups)

The non sponsor-eligible economies are advice to nominate

A)  1x primary (government officials) + 1x secondary target attendees (Fintech startups)

The pitching session is a great opportunity for Fintech startups to gain unprecedented market access into another economy. Hence, if any economy knows they’ve a Fintech Startup that is ready for market access into other economies, is advisable to go for option B. PO will first collect responses from economies on option B, selection of nominees to be participants will be finalized and decided by the PO. Participation from other economies are still highly encouraged to nominate 1x primary + 1x secondary target attendees for the same reason.

The forum will have a total of 100-120 persons per day include a total of approximately 56     APEC invited international participants and remaining      attendees will be Malaysian, invited by the PO as observers who largely be government officials and Malaysian startups to learn along while the discussion is on-going.

Dissemination

The Forum Impact Report will be produced within three (3) months after the completion of the event. The target audience of this report are:

- Policy-makers from APEC economies that are in charge of the promotion of funding  for SMEs and particularly startups. 

- Government and policy makers from APEC economies that are seeking for policy recommendations and insights on developing alternative funding mechanisms for startups.

The report will be distributed and published as an APEC publication, which will be prepared in accordance with APEC guidelines. An external copy writer will be hired to ensure that language nuances are checked and the quality meets the standard expected of/by APEC. There is no intention to sell any of the outputs of this project.

Gender

This 2-day forum will include participation of 40% of women, coming from beneficiary groups mentioned above.  This project will collect the gender and age of interested participants via a registration form. The local organiser will ensure the ratio of 40% women participants is observed. This project will target a 40% gender parity for women speakers and experts. During the forum, questions and topics related to female access to capital and financing will be asked and raised during all discussions and policy labs whenever appropriate.

The participation age and gender ratio statistics will be submitted in the final project completion report. The local organiser will ensure contribution to the recommendations are made of at least 40% women’s opinion.

With the experts, PO will seek to have an item of the agenda dedicated to the challenges women face in obtaining access to capital and financing.

The women’s economic empowerment of this project will be through following pillars:-

(i) Leadership, voice and agency, through which women are values as contributors, professionals, and leaders in governments and fintech startups

(ii) Innovation and technology, so women have the same opportunities as men to benefit from and participate in the development of the funding ecosystem.

Work Plan

Time

Tasks

Deliverables

Jan 2020

Initial Stakeholder Meeting

Establish APEC Startup Funding Committee

RTF is prepared and approved by the Secretariat

Identify venue and administrative arrangements

Invite member economies to recommend experts

Contracting process: Prepare a clear, logical and specific RFP and timeline based on the approved Project Proposal

Feb 2020

Refine the agenda and speakers

Draft agenda of the forum

Mar 2020

Research on the current funding landscape in all APEC economies

Contracting process: PO conducts a selective tender process and at least three qualified suppliers are invited to respond to the RFP.

Contracting process: PO drafts a set of criteria to evaluate and assess the bids for Secretariat approval.

At least 3 suppliers are invited to respond to the RFP

Apr 2020

Finalise agenda, speakers and format of the forum

 Agenda of the Forum

April 2020

Submission of the APEC Project Monitoring Report to the APEC Secretariat, with scorecards on progress based on indicators

APEC Project Monitoring Report

Jul 2020

Start sending out invitations to experts

Invite member economies to nominate participants

Start on flight and accommodation arrangements

General Information is circulated to the SMEWG

PO send the approved to Secretariat

Sep 2020

APEC Startup Funding Forum: Building A Holistic Startup Funding Landscape To Boost Economic Growth will be hosted during the APEC SME Week in Kuala Lumpur, Malaysia

Forum is carried out.

Oct 2020

Project assessment & dissemination of follow-up survey

Ensure all documents submitted for final financial disbursement

Findings from the surveys will be recorded  into the Forum Impact Report

Nov 2020

Drafting of the Forum Impact Report

Draft Forum Impact Report

Dec 2020

Submission of the Forum Impact Report for Secretariat review

Finalization of the Forum Impact Report and final submission

-       Forum Impact Report is endorsed by SMEWG.

Jan 2021

Drafting, submission and endorsement of the APEC Project Completion Report and all supporting documents to the Secretariat.

APEC Project Completion Report

Jun 2021

Participation in the Long Term Evaluation of APEC Projects conducted by the Secretariat, as required by all APEC funded projects.

These sessions will be focusing on the following priority areas:

1.     Act as a G2G platform for mutual learning and exploration of existing and new funding mechanisms across economies to bring about engagement for mutual learning and exploration of existing and new  funding mechanisms;

2.     To address the challenges and issues of driving the funding ecosystem across APEC economies;

3.     To explore cross economies collaborations for an integrated startup funding/investment ecosystem among the APEC economies; and

4.     To provide a platform for APEC fintech startups to pitch to government officials and top investors from the APEC economies.

The following is the agenda for the forum on Day 1:

Day 1

Keynotes/Forums

8:30 AM

Registration of participants

9:00 AM

Welcoming remark

9:10 AM

Opening speech

9:30 AM

Discussion 1:

Keynote 1 - Opening Keynote or Fireside Chat

Topic: “Investing big and investing bold - an insight into Masayoshi-san's investment mantra”

Speaker: Masayoshi-san (TBC)

Moderator:

10:00 AM

Dialogue Q&A

10:30 AM

Discussion 2:

Panel Discussion and Dialogue 1

Theme: "Diversifying alternative access to capital as a catalyst for startup growth and innovation"

Panel Speakers:

(a) Crowdfunding/P2P - Kelvin Teo of Funding Societies (TBC)

(b) VCs/CVCs - Cindy Chow of Alibaba Entrepreneurs Fund, Singtel CVC (TBC)

(c) Grants - Hannibal "Mike" Ware of USA Small Business Administrative Inspector General

(TBC)

(d) Khai Lin Sng, CFO,Fundnel

(e) TBC

Moderator:

Objective: Getting expert sharing on the various alternative funding avenues and how this is changing the landscape for startups/SME looking to raise capital.

11:30 AM

Dialogue Q&A

12:00 PM

Networking Lunch

1:00 PM

Discussion 3:

Keynote 2

Topic: “Game changers - How alternative investments is catalyzing new solutions and disrupting the old industries”

Speaker: Anand Sanwal, CEO, CB Insights (TBC)

1:30 PM

Dialogue Q&A

2:00 PM

Discussion 4:

Panel Discussion and Dialogue 2

Theme: “Policies and regulations - support/nurture the funding landscape or stay out of the way"

Panel Speakers:

(a) Securities Commission (TBC)

(b) Hannibal "Mike" Ware of USA Small Business Administrative Inspector General (TBC)

(c)  Canadian Securities Administrators (TBC)

(d) TBC

(e) TBC

Moderator:

Objective: To discuss the barriers in APEC economies when it comes to changes in the funding landscape. Create an awareness that if economies are slow it is the consumer that will lose out.

3:00 PM

Dialogue Q&A

3:30 PM

Tea Break

4:00 PM

Discussion 5:

Keynote 3 - Closing Keynote

Topic: “The evolution of Andreessen Horowitz: The future of alternative investments”

Speaker: Marc Andreessen (TBC)

4:30 PM

Dialogus Q&A

5:00 PM

End of DAY 1

7:00 PM

International delegate dinner mixer (TBC)

10:00 PM

END

The following is the agenda for Day 2:

Day 2

Policy Labs and Pitching

8:30 am

Registration of participants

9:00 am

Twenty One      (21     ) fintech startups pitch their business plan to government officials from 21 economies.

Objective: Market access opportunities for fintech startups to pitch their business plan to other economies, with potential cross-border collaborations in the future.

No winner will be selected. Each startup will be given 10-minute      for their presentation to the government officials.

1:00 pm

Networking lunch

2:00 pm

Lab 1 - ECF

Main Moderator:

 Security Commission Malaysia (SC)

Lab 2 - P2P/Lending

Main Moderator:

Kelvin Teo or Reynold Wijaya from Funding societies (TBC)

BNM Rep

Lab 3 - Corporate VC

Main Moderator: (TBC)

Singtel Innov8

6:00 pm

Drinks reception

Risks

Risks

Mitigation Strategy

No suitable or low quality speakers

Request for suggestions from APEC economies and internally identifying suitable speakers.

No relevant government officials

Request for suggestions from APEC economies for two (2) government officials, who are experts and/or specialized in alternative funding such as Grants, Project Financing/Loans, P2P, Equity CrowdFunding, Corp VC, Venture  Capital,  Venture  Debt.

No relevant fintech startups

Request for suggestions from APEC economies for one (1) successful fintech startup, who are experts and/or specialized and disrupting the current market in alternative funding such as Grants, Project Financing/Loans, P2P, Equity CrowdFunding, Corp VC, Venture  Capital,  Venture  Debt

Overspending on logistics and facilities

Prudent management with allocated budget and capacity to avoid over spending.


Monitoring and Evaluation

The key indicators are detailed in the following table:

#

Indicators

Outcomes

1

Number of participating economies

21    

2

Number of total participants

100-120    

3

Number of government officials

22    

4

Number of fintech startups

21 PO sponsored    

5

Number of speakers

6 + 7 PO sponsored    

6

Percentage of female participants

40%

7

Number of female speakers

5

8

Number of interest form (A) filled during policy labs

3-5

9

Number of interest form (B) filled during pitching

3-5

There will be a post-event matching activity conducted digitally via email to connect the relevant government officials and fintech startups via email. Two (2) group of audience will be digitally matched, they are (i) between government officials who are interested to learn and implement the funding mechanism from another economy who has the expertise to offer, (ii) between government officials who are interested to learn and implement the funding mechanism from the successful fintech startups or invite them for market access.

A follow-up survey will be conducted one (1) month thereafter, to seek feedback and updates on the conference.

A project working group will be established for organizing and executing the 2-day forum. The team will determine the content of the agenda, external vendors, selection of speakers, moderators, subject matter experts and participants. The team will be overseeing and monitor the proposed work plan through regular discussions, communications and consultations.

Linkages

Project organizers will engage policy-makers, regulators, government officials of APEC economies responsible for development of funding landscapes, experts from international and APEC organizations such as ABAC, Security Commissions, IFC, World Bank, National Banks of APEC economies, financial industry associations, etc. to disseminate and advocate for upgrading alternative funding mechanisms for startups, with deeper financial infrastructure reforms and under the context of increasing digitisation.

Project organizers will also circulate draft agendas of major events to EC, SMEWG, APFF, etc. for comments and suggestions. On completion of the project, the Forum Impact Report will be circulated to relevant APEC sub-fora (EC, SMEWG, APFF) for reference.

The Project will consult with ABAC on lessons learnt from previous SMEs Financing Project. Under the coordination with ABAC in this matter, the project team might contact other APEC Economies (i.e. Philippines and Vietnam) to discuss their experience in implementing SME financing project, to learn more about their challenges, and their approaches to overcome identified challenges.

There are similar projects has been previously carried out by economies. The following are the identified projects which are similar and thus our justification on how our project is a progression from previous initiatives - to avoid duplication of previous efforts or other ongoing initiatives.

●    SME 07 2016A APEC Workshop on Promoting Innovation for Start-Up SMEs

- This workshop emphasizes on gaining a general understanding of innovation by startups in the region, and identifying challenges facing startups while pursuing innovation. Our project, on the other hand, goes in-depth on one of the challenges faced by the startups, which is the challenge of accessing to capital and financing for startups.

●  SME 09 2018A APEC Online-to-Offline (020) Initiative - Empower SMEs to Embrace Digital Transformation

-  This workshop emphasizes on empower SMEs to embrace digital transformation, discuss O2O business models, digital competitiveness and resilence; whereas, our project focus on enabling alternative funding mechanism to startups

●  SME 05 2018A International Fintech Summit: Needs Assessment and Capacity Building

-   This workshop emphasizes on topics such as Fintech’s impact on SMEs, investment, public policy and regulation. this project will collect best practices and, as well as to understand its potential for development; whereas, our project focus on specific type of alternative funding mechanisms, namely crowdfunding, peer-to-peer lending, and corporate venture capital / corporate funding

● SME 02 2017S Digital Transformation: The Impact on SMEs and Regional Trade

o This workshop emphasizes and examine the nature of digital transformation and its implications for SMEs, as well as identifying opportunities for greater cooperation between APEC members; whereas, our project will focus on alternative funding mechanisms for startups resolving the challenge accessing capital and financing.

Sustainability

A comprehensive forum impact report, as detailed in the above outcome section, comprises key takeaways from each activities and recommendations will be disseminated. Stakeholders and beneficiaries will also obtain access to the material shared which is also to be available on the APEC website.

The project implementer will follow up with stakeholders and beneficiaries at a 3-month and 6-month interval after the programme takes place. The follow up will be conducted to learn if any changes or plans are intended to take place in  APEC economies, through the post-event matching based on the recommendations formulated and discussed during the event.

Project Overseers

The project will be managed by the Ministry of Entrepreneur Development with strategic collaborations and implementation with its agencies such as Malaysia Global Innovation and Creativity Centre (MaGIC), SME Corporation Malaysia, Professional Training and Education for Growing Entrepreneurs (PROTEGE), National Entrepreneurship Institute (INSKEN), Ministry of Finance (MOF), Ministry of Education (MOE) and the Ministry of Youth and Sports (KBS) Malaysia.

The PO will be Mdm Dzuleira Abu Bakar (Tel: 603 8324 4808, Email: dzuleira@mymagic.my), Chief Executive Officer of Malaysian Global Innovation and Creativity Centre (MaGIC). The main point of contact responsible for this project us Mr. Yusnee Rahmat Yusof (Tel: 603 8324 4808, Email: yusnee@mymagic.my), Director of Malaysian Global Innovation and Creativity Centre (MaGIC).

Cost Efficiency

Not Applicable.

Drawdown Timetable

Not Applicable.

Direct Labour

PO will hire and engage consultancy firm for following task in this project under PO full supervision and responsible, the appointment selection is based on best value with minimum 3 contractor quotations. The amount requested is based on calculation man hour rate at $200 per day for 20 days in a 3 person team, total as above.

Researchers/ Consultants/ Senior Analysts 3 persons team (including Forum observations) for:

1) Completion Report

2) Forum Impact Report

3) During and post Forum Surveys

Waivers

Not Applicable.

Are there any supporting document attached?

No 
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Version: 5.0 
Created at 21/01/2020 21:30  by Lucy Phua 
Last modified at 17/06/2020 11:06  by Lucy Phua 
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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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