APEC urges small and micro firms to tap digital tools

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apec ?The digital economy is continuing to reshape the way the MSMEs doing business in the recent years,? said Chinese-Taipei Ministry of Economic Affairs deputy director general Mei-Hsueh Lin. Lin made the statement during the AAN Forum on Monday, Sept. 21, as part of the 22nd APEC SME Ministerial Meeting being held at the Iloilo Convention Center. ?We should leverage the opportunity in the digital economy and cooperate to set the stage for our APEC members and MSMEs to participate in the new pool of global economy,? she added. The AAN is the SME initiative of Chinese-Taipei in 2013 with the goal of encouraging business start-ups to go global by giving them access to accelerator programs and resources. Like business incubators which help start-ups to survive in the vulnerable early stages of development, accelerators focus on start ups with potential of growing both in the domestic and global markets. To date, Lin said the AAN has 50 accelerator partners from 15 APEC member economies. Chinese-Taipei and the Philippines, as the host for this year?s APEC SME Ministerial Meeting, co-hosted the ?AAN Forum II: From Start-up to Scale-up.? The forum targets to underpin the regional networking of accelerator and start-up communities and to encourage the young generation to start businesses with global vision. The forum focuses in four areas which include leveraging the digital economy to take start-ups global; facilitation of the early-stage investment to accelerate start-ups? high growth; best practices on the establishment and effect of start-up communities; and networking of the top accelerators, venture capital, business angels, and innovative start-ups. ?Chinese Taipei and the Philippines share a common vision for promoting innovative start-ups and helping them to accelerate into greater heights,? said Department of Trade and Industry (DTI) undersecretary Zenaida C. Maglaya. ?Cross-border connections between businesses and other stakeholders are more common and much easier to access. MSMEs must be equipped for taking on the challenges and making the most of their opportunities in today?s digital economy,? Maglaya noted. — PNA ]]>

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