ASEAN encourages SME, IBT development

An international workshop on small and medium-sized enterprises (SMEs) and technology business incubators (TBI), Indonesia from June 17-18 has intensified connectivity among SMEs and IBTs in the region.
An international workshop on small and medium-sized enterprises (SMEs)and technology business incubators (TBI), Indonesia from June 17-18 hasintensified connectivity among SMEs and IBTs in the region.

According to Wayan Dipta, Deputy Minister for the Ministry of SMEs andCooperatives of Indonesia, the event was part of a project to strengthenSME and TBI capacity and provided effective and efficient support forSME and TBI development in each member country.

On theoccasion, the Deputy Minister also launched the ASEAN Business IncubatorNetwork, an important platform to further collaborate and exchangeinformation to encourage and support ‘technopreneurship’ in the region.

Subash Bose Pillai, Director of the MarketIntegration Directorate of the ASEAN Secretariat, emphasised theimportance of well-informed and knowledgeable incubation centres.

The workshop helps build the confidence of those operating theincubation centres by equipping them with knowledge to help overcomeshortcomings faced by SMEs by strategically addressing them so that theSME community survives the early stage of development and thereafter, hesaid.

Takako Ito, Minister Counsellor and Deputy Chiefof the Japanese Mission to ASEAN introduced Japan’s policies toencourage and support the development of SMEs.

She recognised the importance of SMEs to economic growth and reiterated Japan’s continued support to SMEs in ASEAN.

The workshop also deliberated on possible future programmes of thenetwork including an ASEAN Co-Incubation Programme, ASEAN network ofmentors and experts for Incubation, the establishment of a database toshare success stories and promote technology transfers, and an ASEANbusiness matching and business plan competition.

Nearly 30 TBIs in ASEAN have indicated their interest to join the ASEAN Business Incubator Network.

The workshop was attended by representatives of ASEAN SME agencies,incubation centres, venture capital and incubation experts from ASEANand Japan.

The Association of Southeast Asian Nations (ASEAN)includes Malaysia, Indonesia, Brunei, the Philippines, Singapore,Myanmar, Thailand, Laos, Cambodia and Vietnam.-VNA

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