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FY Institute of Technology (Singapore)

2017 Micro-, Small & Medium-sized Enterprises Name Day: May 11, 2017

On April 6, 2017, The United Nations General Assembly adopted a resolution (A/71/L.60), recognising the crucial role Micro-, Small and Medium-Sized Enterprises (MSMEs) play in achieving the 2030 Agenda for Sustainable Development, and designated June 27 as “Micro-, Small and Medium-Sized Enterprises Day”.

ICSB organised the inaugural Knowledge Summit on May 11, 2017. VIPs and key delegates attended the event, including Peter Thomson, 71st President of the General Assembly, United Nations; Prince Constantijn Van Oranje, The Netherlands; Martin Garcia Moritan, Permanent Representative of Argentina to the United Nations; HE Mohamed Erfan Gamaledin, Chairman of Administrative Control Authority, Arab Republic of Egypt; Luca Landoli, President, ICSB; and KiChan Kim, Immediate Past President, ICSB. ICSB, a key sponsor of the event, sent a 4-member delegate team, led by Ms Xiaojiao Lu, Executive Director, ICSB-China, who was joined by Mr Qiang Guo, Vice President, ICSB-China; Mr Hanlin (Gene) Miao, and Dr Tan Boon Leing.

In many speeches, the importance of globalisation, sustainability, female and student entrepreneurship was brought up again and again. As shared by most academic leaders, governments play a part together with universities to promote the spirit of entrepreneurship, and all stakeholders need to understand the importance of MSMEs in job creation and creating sustainable economic communities. Governments and Higher Education Institutes (HEIs) should work together to provide more direct involvement with incubators and enable more knowledge transfer. There must be absolute commitment from all to ensure and foster an innovative ecosystem.

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