1. APEC PPSTI Concept Note Presentation PPSTI 10
Workshop on high growth innovative firms (HGIFs) acceleration
Russia
Agenda Item #

2. -The Issue-
Most of these firms face similar growth challenges, such as financial barriers and external environment effects.
*High Growth Innovative Firms (HGiFs) are medium-sized firms which have successful experience of previous work in the field of innovation and have demonstrated in the last few years a stable positive dynamics of its development
According to research by leading economists, medium-sized High Growth Innovative Firms (HGiFs)* with good growth dynamics play an important role in the modern economy and create more than half of new jobs in developed economies.
Recently, APEC economies are paying more attention to the active stimulation of the accelerated development of high growth technology and innovative medium-sized businesses. Serious influence of such companies on the growth and development of the economy is stressed in a number of studies and analytical papers.

3. - Project Details- Proposed APEC Funding Source: Project Name
Workshop on high growth innovative firms (HGIFs) acceleration
Proposing Economy
Russia
Confirmed Co-sponsors
TBC
Expected Project Duration:
June, 2017 – August, 2018
Proposed APEC Funding Source:
ASF, Sub-Fund on Innovative Development, Economic Reform and Growth
The project encourages members to strengthen support for innovative activities by SMEs as mandated by the APEC Accord on Innovative Development, Economic Reform and Growth

4. -Objectives-
Share experience and best practices on acceleration of HGiF with a view to their dissemination in Asia-Pacific, in particular among developing economies
Analyze APEC economies HGiF support programs
Elaborate recommendations on promotion of HGiF activity in APEC economies
Prepare proposals on development of APEC economies cooperation in implementation of HGiF support programs
The results of the project will improve competitiveness of private innovative companies and scale their activity in the global market.
The project is particularly important for developing economies. It can help them create medium and large innovative companies that will be important players in world markets. The more such companies emerge, the more sustainable the growth of developing economies will be.

5. -Ties to APEC/PPSTI Priorities-
Ties to APEC Priorities
The project encourages members to strengthen support for innovative activities by SMEs, and support the establishment of an APEC SMEs database on innovative best practices (APEC Accord on Innovative Development, Economic Reform and Growth, paragraph # 19)
Ties to Vietnam Host Priorities
The project addresses HGiFs are innovative MSMEs that seek to strengthen their competitiveness (Strengthening MSMEs’ Competitiveness and Innovation in the Digital Age by Promoting Start ups and Innovative MSMEs)
Ties to PPSTI 2017 Priorities
This project will directly correspond with the second PPSTI priority in 2017 by boosting S&T entrepreneurship and thus Supporting strong STI ecosystems in the APEC region
No more than two examples per section.

6. Organizing the workshop in Russia
-Timeline-
May-June 2017
October 2017
May 2018
August
2018
Presenting the workshop outcomes and disseminating them among relevant stakeholders in APEC economies
Project Proposal stage and preparation for the workshop
Discussing the CN at the PPSTI 10 meeting and submitting it submission for 2nd Project Session 2017
Organizing the workshop in Russia

7. -Contacts-
Department for Strategic Development and Innovations, Ministry of Economic Development of the Russian Federation
National Research University Higher School of Economics
No more than two examples per section.