High-Growth, Innovative Companies in APEC Economies: Support Programs and Policy Recommendations

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High-Growth, Innovative Companies in APEC Economies: Support Programs and Policy Recommendations

Publication Number

APEC#219-PP-01.3

Published Date

August 2019

Type of Publication

Reports

Publications Under

SOM Steering Committee on Economic and Technical Cooperation(SCE), Policy Partnership on Science, Technology and Innovation(PPSTI)

Accessed

711

Pages

20

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Description

In recent years, high-growth, innovative companies (HGIC) have attracted the attention of specialists in the field of industrial policy. Most experts today recognize these dynamic companies as the most important element in an economy. Economies across the world are engaged in discussions regarding the expediency of various tools and methods used by the authorities to stimulate development of these businesses.

This publication presents a brief overview of the main government programs and projects designed to stimulate and support the growth of HGIC implemented in several APEC economies, namely Canada, Korea, Malaysia, Mexico, Singapore, Chinese Taipei and Russia; examples of practical mechanisms and instruments of economy authorities-run support used for HGIC acceleration in APEC economies; policy recommendations for promoting HGIC activity in APEC economies, with consolidated information on HGIC support; and proposals for developing APEC economies’ cooperation in implementing HGIC support programs.