The 2nd ASEAN-China Young Entrepreneur Forum: “Harnessing Technology and Innovation for Resilient SMEs Development

Project Title:
The 2nd ASEAN-China Young Entrepreneur Forum: “Harnessing Technology and Innovation for Resilient SMEs Development
Host Country:
Siem Reap, Cambodia
Year:
Dec, 2018 (Completed)
Implementing Agency:
General Department of ASEAN, Ministry of Foreign Affairs and International Cooperation of Cambodia
Beneficiary:
ASEAN Member States, the People’s Republic of China, ASEAN Secretariat, ASEAN-China Centre, and Regional Experts.
Budget: USD177,936.00
Brief History of the Project:
   - To promote greater awareness on the important role of technology and innovation in supporting SMEs development in AMS and China, with a focus on key benefits and challenges;
   - To promote entrepreneurship education through exchange of views among young entrepreneurs on policies, experiences and best practices in SMEs in respective AMS and China, by coming up with key recommendations on how to overcome the challenges of technology and innovation in business;
   
- To encourage emerging young entrepreneurs to be more active in SMEs and to encourage them to adapt new technology and the concept of innovation into their business activities as well as to establish networking, business linkages and joint venture creation, thus contributing to ASEAN Community building and ASEAN-China economic cooperation.
Project’s achievements / Outcomes:
   - The Forum supported the implementation of the ASEAN Strategic Action Plan for SME Development 2016-2025 which serves to strengthen MSMEs engagement in an increasingly competitive economic environment and to support their growth and development through the vision of a “Globally Competitive and Innovative SMEs”.
   - The Forum also supported the implementation of the ASEAN Economic Community Blueprint 2025. *The Forum supported the Leaders’ commitment contained in the Chairman Statement of the 20th ASEAN-China Summit, which reads “We agreed to designate the Year 2018 as the ASEAN-China Year of Innovation and welcome cooperation in areas such as technological innovation and digital economy”.
   - This Forum also supported Singapore’s Chairmanship of ASEAN in 2018 by materializing the theme of “Resilience and Innovation”.

Photo Credit to ASEAN Secretariat
Link to News: https://asean.org/young-entrepreneurs-asean-china-discuss-technology-innovation-solutions-msme/