2024-04-26
SMESA Attended APEC SMEWG in Indonesia, Sharing Best Practice Cases of PPP Together
with Taiwanese Enterprise
Deputy Director-General Wu Chia-ying of the Small and Medium Enterprise and Startup
Administration (SMESA), Ministry of Economic Affairs led a delegation to attend the
57th APEC Small and Medium Enterprises Working Group Meeting held in Bali, Indonesia,
from April 24th to 25th. Gogolook Co., Ltd. joined the meeting along with the delegation,
and shared how the public-private partnership (PPP) mechanism has increased startup
opportunities in the international market.In the Government to Business Interactionsession, Mr. Ian Huang, the Chief Financial
Officer of Gogolook, shared the company s best practices, highlighting how startups
can progress from the seed stage to the initial public offering with government funding
support. Mr. Huang indicated that Gogolook provides digital solutions for anti-fraud.
The company was grateful for receiving resources provided by the government, which
formed the foundation for its early-stage business development. Through collaborative
investments of National Development Fund and private funds, mentorship, and the assistance
of corporate governance, startups can thrive and industries can innovate. Currently,
Gogolook has partnered with law enforcement agencies in Korea, Japan, the Philippines,
Thailand, and Malaysia to combat fraud internationally. On the achievement of public-private
partnership, the Chair of the SMEWG, Mr. Aaron Sydor, responded that Taiwan s practice
is innovative and constructive.The SMESA noted how Taiwan s outstanding digital technology can contribute to innovative
product- and service-based tech startups. Additionally, SMESA highlighted government
efforts to foster startup development by providing proving grounds, networks, and
funding to support startup growth.At the APEC meeting, we additionally addressed the APEC economies on the ways SMESA
has successfully integrated SMEs into global value chains. The APEC platform has increased
domestic enterprise exposure to the international stage, which we expect to generate
increased business opportunities abroad.
