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ICSB Article Series – The ICSB Ministerial Summit

ICSB Article Series – The ICSB Ministerial Summit

A Discussion that Matters.

 

YoungSupStriking the gavel three times, The HON. Young-Sup Joo, Minister, Small & Medium Business Administration of the Republic of Korea opened the SME Ministerial Panel at the ICSB 2016 World Conference at the United Nations (“UN”) on June 16, 2016.

Sitting before an international passel delegation from dozens of countries across the world in the historical, Board of Trustees room of the UN in New York City, were the revered panelists:

 

  • The HON. Maria Contreras-Sweet, Administrator, Small Business Administration (SBA), United States;
  • The HON. Dr. Sahar Nasr, Minister of International Cooperation, Egypt;
  • The HON. Anak Agung Gede Ngurah Puspayoga, Minister of Cooperatives and Small & Medium Enterprises, Indonesia;
  • The HON. Dr. Mohammad M. Al-Zuhair, Executive Chairman, Kuwait National Fund for Small & Medium Enterprise Development, Kuwait;
  • The HON. Craig Foss, Minister for Small Business, Minister of Veterans’ Affairs, Minister of Statistics and Associate Minister of Immigration and Transport, New Zealand; and
  • The HON. Mariano Mayer, National Secretary of Entrepreneurs and SMEs, Argentina.

The topic on “The Role of Small and Medium-sized Enterprises (SMEs) in achieving the Sustainable Development Goals (SDGs)” drew the spotlight as the date marked the first of kind in ICSB and UN history. As the world’s two oldest and largest international organizations of their kind, partnership on this date signified the fortifying forces on their joint and complimentary efforts to improve the conditions of mankind. This meeting will help bring global attention to the importance of SMEs in our global economy

Dr. Winslow Sargeant, Former Chief Counsel for Advocacy at the U.S. Small Business Administration (SBA) opened the session with an introduction of the panelists and a question:

What does public-private partnership really mean?

As one that has lived and practiced entrepreneurship on both sides, Dr. Sargeant stated that leadership matters. Positing the follow-up question, ‘what can be done in our respective countries?’ before the panel, Dr. Sargeant urged policy makers to build an enabling environment and provide the tools that SMEs need that afford  them the opportunity to continue changing the lives of their respective societies.

In the minutes that ensued following the question posited by Dr. Sargeant, it was apparent that the following remarks made by the panelists illustrated that this is not a chimera, but already a reality in many countries around the world.

In Korea, Mr. Joo is responsible for nurturing and developing nearly 3.5 million SMEs and startups. His remarks carried great honor as co-chair this session in the name of SMEs, with The HON. Maria Contreras-Sweet and all other distinguished guests. Centering upon the ICSB, Mr. Joo proclaimed that governments have come together today to form a consensus and take the first step in the name of Global SME Day.

Mr. Joo talked further about the first industrial revolution and other challenges that we face in society. Governments around the world must do their part to provide adequate support to SMEs in order to replace lost jobs with new opportunities. The importance of SMEs is even greater in emerging markets, such as Africa, Asia and Central and South America.

SMEs meet the consumer demand, pay taxes and eliminate poverty through meaningful job creation. In Korea, entrepreneurs played a key role in creating something out of nothing. In just five decades since 1962, GDP has grown from $82 USD to $28,000 (an increase of 350 times).  Korean SMEs have played the role of hidden contributors and unsung heroes. The people of Korea refer to this as the Miracle on the Han River. As a result of this important day at the United Nations, Mr. Joo hopes to see more global collaboration, among governments and the public and private sector, to enable SMEs to grow and prosper.

The HON. Maria Contreras-Sweet, Administrator, Small Business Administration (SBA), United States, started her address by speaking about the power of entrepreneurship. She explained how it is a powerful statement of intent by the SME community to fill the United Nations for this important meeting. Ms. Contreras-Sweet expressed how entrepreneurship is the most powerful force the world has ever seen to lift people out of poverty. For those who want to start a business, to create a better life for their families, we must be there for them. In the United States, the SBA doesn’t compete with capital markets, but fills gaps for the underserved. SMEs employ half of the private work force and are essential to growing our economy.

Ms. Contreras-Sweet spoke about a commitment by governments to create policies that extend the power of entrepreneurship to all, regardless of geographic or demographic location. For SDG #8, this means promoting policies particularly for women and young people and underserved communities.

Ms. Contreras-Sweet’s mother taught her about success, and her grandmother said that it is not the titles, but what you do with them. Entrepreneurship can be the way to bring others along on the journey of success. Ms. Contreras-Sweet finished by telling the audience something her grandmother once said: if she worked hard enough, she would be able to work in an office and be a secretary one day. Thanks to entrepreneurship, Ms. Contreras-Sweet now holds office and is a cabinet secretary.

To begin the round of panelist remarks, The HON. Dr. Sahar Nasr, Minister of International Cooperation, Egypt, thanked the ICSB for convening everyone together to bring awareness and discussion to a topic she is very passionate about. The power of coming together cannot be understated, especially in the name of SMEs.

The Government of Egypt has made a real commitment to SMEs, especially the young and small firms who are the primary job creators. Dr. Nasr discussed a reform program, endorsed at the parliament level in Egypt, to address four primary areas. First, to improve the regulatory framework and microfinance laws around access to capital. Second, to remove the red tape and streamline procedures through a one-stop shop. Third, to address the lack of skills and resources, such as hiring lawyers, accountants and other professional services to meet the demands of government and big business. Last, to implement innovative financial programs that address issues like lack of collateral, especially for women in rural areas with limited influence and power of their assets. Dr. Nasr closed her remarks by stressing the importance to provide assistance to SMEs to maintain a level playing field.

The HON. Anak Agung Gede Ngurah Puspayoga, Minister of Cooperatives and Small & Medium Enterprises, Indonesia was the next panelist. Mr. Puspayoga spoke about the role of government in increasing the sustainability of SMEs. Indonesia is uniquely positioned to address this topic since the majority of establishment in Indonesia are SMEs (99.9% of the total establishment). SMEs contribute to more than 50% of total GDP, and 90% of all job creation. The Government of Indonesia has good experience working with SMEs, especially during the 1997/98 financial crisis, and recognizes the importance of SMEs in the countries eco-system. Strong attention of governments should be paid to improve the ease of doing business, and Mr. Puspayoga concluded by inviting all delegates to invest in Indonesia, in the areas of infrastructure, energy, tourism and maritime.

The HON. Dr. Mohammad M. Al-Zuhair, Executive Chairman, Kuwait National Fund for Small & Medium Enterprise Development, Kuwait, talked next about the challenges SMEs are facing, which are similar everywhere. In 2013, the Government of Kuwait realized it took more than just money to sustain SMEs and, accordingly, passed a comprehensive law for entrepreneurship development under one umbrella. It was a very challenging task, with various components, and Dr. Al-Zuhair hopes his story can help other governments in the future. The culture of entrepreneurship, human capital, business environments, collaboration, financing and access to markets are the key components for development in Kuwait.

The HON. Craig Foss, Minister for Small Business, Minister of Veterans’ Affairs, Minister of Statistics and Associate Minister of Immigration and Transport, New Zealand, discussed entrepreneurial values, and the principles that stay true regardless of the size of economy or country. In New Zealand, their goal is to the best and fairest place to do business. Mr. Foss talked about SDGs #8, 9 and 17, and the challenges governments face to meet the call to action. In regard to economic growth, Mr. Foss stressed the importance of removing barriers to ensure the appropriate price for finance and capital. For SMEs, the more informed the better. Information is power and the government should provide certainty whenever it can to support operations and investment. The rollout of ultra-fast broadband and other technologies has transformed business and in the future more multilateral trade agreements can boost small business opportunity. The tyranny of distance for being one of the most isolated countries in the world is no longer a liability in New Zealand. The Korea-New Zealand free trade agreement which removed tariffs on $800 million of exports is a great example of collaborations we can continue to build on in the future.

The final panelist, The HON. Mariano Mayer, National Secretary of Entrepreneurs and SMEs, Argentina, shared the vision and plan for entrepreneurship in Argentina. Mr. Mayer expressed how it is more important than ever because the context has changed, and SMEs are needed to create jobs and develop solutions for societal problems such as transportation and energy. The main goal of the Government of Argentina is zero poverty, which is a big challenge, and they plan to focus on innovation, talent and people to meet their goal. SMEs play an important role as the change makers. Mr. Mayer explained new packages by the Government in Argentina to improve the legal framework, and also to address the development of women entrepreneurs and communities and networks. Mr Mayer hopes to continue the discussion around SME development and work with other countries on innovative solutions.

The HON. Young-Sup Joo, Minister, Small & Medium Business Administration, The Republic of Korea, closed the session by thanking all the panelists for their contributions. Mr Joo expressed how the ideas shared today, around ‘The Role of Small and Medium-sized Enterprises (SMEs) in achieving the Sustainable Development Goals (SDGs),’ reflect the experiences, problems and solutions of each country. This makes them all the more meaningful for the future development of SME policies.

Mr. Joo extended the hope that the forum will become an annual event, taking place next year in Buenos Aires, Argentina at the ICSB 2017 World Conference, and passed the gavel to Mr. Mayer for the next year’s meeting.

Ministers

Attendees (starting from left)

  • The HON. Craig Foss, Minister for Small Business, Minister of Veterans’ Affairs, Minister of Statistics and Associate Minister of Immigration and Transport, New Zealand;
  • The HON. Dr. Sahar Nasr, Minister of International Cooperation, Egypt;
  • The HON. Maria Contreras-Sweet, Administrator, Small Business Administration (SBA), United States;
  • The HON. Young-Sup Joo, Minister, Small & Medium Business Administration of the Republic of Korea;
  • The HON. Mariano Mayer, National Secretary of Entrepreneurs and SMEs, Argentina;
  • The HON. Dr. Mohammad M. Al-Zuhair, Executive Chairman, Kuwait National Fund for Small & Medium Enterprise Development, Kuwait; and,
  • The HON. Anak Agung Gede Ngurah Puspayoga, Minister of Cooperatives and Small & Medium Enterprises, Indonesia
Featured Workshop: Panel Studies of Entrepreneurial Dynamics Workshop

Featured Workshop: Panel Studies of Entrepreneurial Dynamics Workshop

PSED Workshop: US And Four Country, Five Cohort Data Sets
Part I: Friday, June 17, 2016 at 9:00am to 10:30am in Babbio 220
Part II: Saturday, June 18, 2016 at 9:00am to 10:30am in Babbio 220
By Paul D. Reynolds, Astin University, and Diana M. Hechavarria, University of South Florida

Your ICSB 2016 registration includes access to all of our workshops. The facilitators of the Panel Studies of Entrepreneurial Dynamics workshop describe it as follows:

The only data sets that provide a description of the entrepreneurial process, or business creation, for representative samples of those in the venture creation process are those that have implemented the Panel Studies of Entrepreneurial Dynamics [PSED] protocols.

While the most extensive, fully documented data in the public domain are the two U.S. cohorts [PSED I, II], critical variables have been harmonized across five data sets representing four countries [Australia, China, Sweden, and the United States]. A two part, three hour workshop on the development of these data sets, their structure, and how to utilize them for analysis will be provided on 17-18 June 2016 as part of the ICSB annual conference.

Each participant is expected to have an explicit research question or topic for discussion in the second session, on 18 June 2016. This session will be devoted to discussions, led by the workshop team, on how the PSED data sets can help provide answers to each participant’s research issue. Participants will receive the most benefit from the second day workshop session if they have a laptop with the SPSS statistical package for the second day session.

This workshop will be held at the Stevens Institute of Technology in Hoboken, New Jersey.

About ICSB 2016

This week, ICSB will bring together the world’s foremost NGOs, scholars, social entrepreneurs, policy-makers and others to present research and to discuss current issues facing the world around us. The ICSB 2016 World Conference will take place at multiple locations in New York and New Jersey, including United Nations headquarters and the Stevens Institute of Technology. ICSB 2016 will focus on the role of entrepreneurship and innovation in advancing the UN New Sustainable Development Goals.

For more information about this and other workshops and conference events, please download our mobile app.

Featured Workshop: Academic Entrepreneurship in the Dynamic Era of Robotics and Artificial Intelligence

Featured Workshop: Academic Entrepreneurship in the Dynamic Era of Robotics and Artificial Intelligence

Small Business and Small and Medium Enterprises – Academic Entrepreneurship in the Dynamic Era of Robotics and Artificial Intelligence
Friday, June 17, 2016 at 10:45am to 12:15pm in Babbio 220
By G. Dale Meyer, Wilford White Fellow and Past-President Representative for ICSB, US

Your ICSB 2016 registration includes access to all of our workshops. The facilitator of the Academic Entrepreneurship in the Dynamic Era of Robotics and Artificial Intelligence workshop describes it as follows:

The purpose of the workshop is to one, analyze the present and increasing socioeconomic era that is replacing a significant number – and will replace a larger number – of middle class work [jobs] and two, examine the probability that entrepreneurs and entrepreneurship could/might/will increasingly replace the present and predicted middle class job losses.

My tag line thinking “provoked” me to label this socioeconomic ‘solution’ as the “new Yankee ingenuity.” Many ancient minded scholars remembered those people who came through Ellis Island and discovered that USA streets were not made of gold; so they created small companies that provided both work and incomes for themselves, their families, and other immigrants.

They created small and medium size businesses [SMEs] and became entrepreneurs. Since the turn of the 21st Century, a serious discussion has arisen focusing on the socioeconomic consequences of robotics and artificial intelligence [AI]. Opinions about the importance of these developments are found in recent books, various magazines, and online.

About ICSB 2016

This week, ICSB will bring together the world’s foremost NGOs, scholars, social entrepreneurs, policy-makers and others to present research and to discuss current issues facing the world around us. The ICSB 2016 World Conference will take place at multiple locations in New York and New Jersey, including United Nations headquarters and the Stevens Institute of Technology. ICSB 2016 will focus on the role of entrepreneurship and innovation in advancing the UN New Sustainable Development Goals.

For more information about this and other workshops and conference events, please download our mobile app.

Featured Workshop: Global Entrepreneurship Monitor (GEM)

Featured Workshop: Global Entrepreneurship Monitor (GEM)

Global Entrepreneurship Monitor (GEM): Workshop for Researchers, Members of National Teams and Policy Makers

Friday, June 17, 2016 at 2:00pm to 3:30pm in Babbio 220
By Donna Kelley, Babson College, and Jonathan Levie, University of Strathclyde

Your ICSB 2016 registration includes access to all of our workshops. The facilitators of the Global Entrepreneurship Monitor workshop describe it as follows:

Using a series of interactive exercises, workshop participants will be encouraged to use the data manager in www.gemconsortium.org to search for, download and manipulate data.

We propose to ask participants to first ask themselves what information on entrepreneurship worldwide they would ideally like to get access to. We will use feedback from participants to draw an idealised data map. We will then contrast this with data that has already been collected by Global Entrepreneurship Monitor since 1999. We will also show participants the bibliography of GEM-based publications that is maintained by GEM and available on the GEM website.

We will discuss the main trends in publication using GEM data, challenges as well as opportunities. One misconception about GEM data is that it is just an attitude survey. An important session for the workshop will be to explain the source and construction of the main GEM measures of entrepreneurial activity by individuals.

This individual-based data will be contrasted with firm-based data collected by governments. GEM tracks the whole entrepreneurial process by individuals from intention to exit. It also covers the nature of the entrepreneurial activity being undertaken, aspiration levels, and the form it takes, including independent and company-sponsored new business creation and new economic activity being undertaken by employees short of starting a new business.

About ICSB 2016

This week, ICSB will bring together the world’s foremost NGOs, scholars, social entrepreneurs, policy-makers and others to present research and to discuss current issues facing the world around us. The ICSB 2016 World Conference will take place at multiple locations in New York and New Jersey, including United Nations headquarters and the Stevens Institute of Technology. ICSB 2016 will focus on the role of entrepreneurship and innovation in advancing the UN New Sustainable Development Goals.

For more information about this and other workshops and conference events, please download our mobile app.

Register for Our Free Pre-Conference Event: Tourism and Entrepreneurship

Register for Our Free Pre-Conference Event: Tourism and Entrepreneurship

How do tourism and entrepreneurship intersect? Tourism can empower communities. Entrepreneurship can facilitate that empowerment through identifying opportunities for the growth of the tourism industry. Together, tourism and entrepreneurship have the power to transform local communities.

Tourism is one of the world’s fastest growing industries. Many countries see it as an exciting avenue for development. It can bring revenue and employment to areas that may struggle to support other industries. But uncontrolled tourism brings with it a set of problems, including environmental destruction.

This event will focus on four topics:

  • Entrepreneurship and Tourism
  • Eco-Tourism
  • Disruption in the Tourism Industry
  • Opportunities in the Tourism Industry

Our featured keynote speaker is Dr. Kristin M. Lamoureux, Associate Dean, Tisch Center for Hospitality and Tourism and Associate Clinical Professor of Tourism, New York University School of Professional Studies. Dr. Lamoureux , a noted scholar specializing in tourism and economic development, has been a distinguished and accomplished expert in professional and academic education for nearly 20 years.

Register today

Registration for this event is free, but we do ask that you sign up in advance. To stay up to date with this and all other conference events, please download our mobile app.