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Myanmar: Hybrid Seminar on Innovation and Young Entrepreneurship for Regional Development

Directorate
of Industrial Supervision and Inspection, Ministry of Industry has been
implementing the project namely
Hybrid Seminar on Innovation and Young Entrepreneurship for Regional
Development
by the support of Mekong-Lancang Cooperation Special Fund
(MLCSF) 2018 with the following objectives:



1)     developing the innovation practices
among entrepreneurs in Mekong region,



2)     sharing and disseminating the best
experiences among successful young entrepreneurs and



3)     building up the networking with
public, private and government as youth development for economic development of
Mekong regions



The project
is being implemented in three phases. As the first phase of the project, the seminar
was held in Park Royal Hotel, Nay Pyi Taw in 2019. In that seminar, 75
participants from MLC countries participated and shared their experiences
concerned with innovation and entrepreneurship in Mekong region. At the first
seminar, (6) types of innovation focusing on
Profit Model, Network, Structure, Process, Product
Performance and Product System were shared out of 10 types totally.



          The
planned follow-up seminars couldn’t be held timely due to the third wave of
COVID-19 situations in Myanmar. In
accordance with the COVID-19 Discipline by the Ministry of Health, the Hybrid
Seminar on Innovation and Young Entrepreneurship for Regional Development was held
from July 22 to 24, 2022 in Office 30, Ministry of Industry, Nay Pyi Taw. In
that seminar, thirty participants from Cambodia, China, Laos PDR, Thailand, and
Vietnam participated virtually and seventy representatives from Myanmar's
Ministry of Industry, state/region, union territory, and MSMEs participated
physically.



          In this
seminar, led by local and international experts, recalling the knowledge
learned during the first seminar, including its shortcomings and strengths and discussion
of the participants' feedback are carried out. And, human-centered innovations
such as service-related innovations focused on human resources, brand loyalty, building
a strong connection with customers and sharing Knowledge for MSMEs for using a
broader digital system were conducted in this seminar. Moreover, there was a
panel discussion with the topic “Collaboration
between Public, Private & Government for Entrepreneurship Development”
participated by representatives from MLC countries, deliberating on how
governments should support for entrepreneurship development, how government,
private sector and NGOs should collaborate to strengthen the entrepreneurship,
and as well as discussed about the strength, weakness, opportunities and
threats faced by entrepreneurs in the region.



By
organizing this seminar, the benefits acquired are as follows:



(i)       promoting
the entrepreneurship and innovation among the young entrepreneurs in MLC region
and sharing best practices,



(ii)           
exchanging
the views and experiences between government and private sector,



(iii)         
developing
innovative practices by utilizing advanced technologies among MSMEs



(iv)         
building
network among MSMEs in States and Regions, and



(v)           
understanding
more about the current implementation status of regional countries for encouraging
entrepreneurship



          

August 17, 2022