The knowledge and support technical assistance (TA) will support the development of knowledge and policy insights on digital entrepreneurship in Asia and the Pacific. through a series of detailed comparative case studies of: (i) effective teaching of digital entrepreneurship skills and attitudes; ii) effective nurturing and operation of digital entrepreneurial ecosystems; and (iii) effective integration of digital entrepreneurs in industrial supply chains better understand the potential and nurturing of digital entrepreneurship in Asian economies and how their potential could be better harnessed to advance productivity in the digital economy.
|Project Name||Digital Entrepreneurship in Asia for Economic Resilience and Post-Pandemic Recovery|
Korea, Republic of
China, People's Republic of
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount|
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Gender Equity and Mainstreaming
Private sector development
|Sector / Subsector||
Industry and trade / Small and medium enterprise development
Information and communication technology / ICT strategy and policy, and capacity development
|Gender Equity and Mainstreaming||Some gender elements|
|Description||The knowledge and support technical assistance (TA) will support the development of knowledge and policy insights on digital entrepreneurship in Asia and the Pacific. through a series of detailed comparative case studies of: (i) effective teaching of digital entrepreneurship skills and attitudes; ii) effective nurturing and operation of digital entrepreneurial ecosystems; and (iii) effective integration of digital entrepreneurs in industrial supply chains better understand the potential and nurturing of digital entrepreneurship in Asian economies and how their potential could be better harnessed to advance productivity in the digital economy.|
|Project Rationale and Linkage to Country/Regional Strategy||
The COVID-19 pandemic has accelerated digitalization in almost all aspects of life, driven by a proliferation of remote working, remote learning, online shopping, movie streaming, and videoconferencing. Information and communication technology (ICT) has enabled organizations to continue operating amid global lockdowns and social distancing measures. The post-COVID-19 _new normal_ will continue to be highly digitalized, reinforcing the importance for developing Asia of digitally transforming their economies. Digital entrepreneurs were already a growing force in the world economy before the outbreak. Accelerated digitalization brought about by COVID-19 is bringing digital entrepreneurship further to the fore.
Nurturing digital entrepreneurship can help developing member countries (DMCs) adapt their economies to the post-COVID-19 world. Yet there have been few efforts to facilitate knowledge sharing among countries regarding what works in terms of nurturing digital entrepreneurs and digital entrepreneurial ecosystems. This scarcity of knowledge contributes to many DMCs having weak institutions and policies for digital entrepreneurship.
Although entrepreneurs have been hit hard by COVID-19, those that have effectively leveraged digital technology generally have weathered the pandemic more effectively. Digital entrepreneurs have thrived during the pandemic and they are likely to play a large role in the increasingly digitalized post-COVID-19 world. ICT can substantially reduce the cost of starting a business, opening up fresh entrepreneurial opportunities for women, youth, and the poor.
Strengthening digital entrepreneurship can thus help Asian economies recover from COVID-19 and serve as an engine of inclusive growth. Although governments and the private sector in many Asian countries have already begun to respond to digital opportunities, much remains to be done and there is sizable scope for stakeholders to improve their policy-relevant knowledge and build dynamic entrepreneurial ecosystems. This TA project will foster digital entrepreneurship by addressing these knowledge gaps.
Remaining poverty and inequalities for developing Asia's population affected by economic crisis reduced
Quality jobs generated amid improved business environment for digital entrepreneurs, companies, and MSMEs
Women's resilience to external shocks strengthened through improved access to job skills and support for women's entrepreneurship
|Description of Outcome||Knowledge to improve the capacity of DMCs to nurture and unlock the productivity potential of digital entrepreneurs strengthened|
|Progress Toward Outcome|
|Description of Project Outputs||
Updated metrics and public data on digital entrepreneurship enhanced.
Innovative research of digital entrepreneurial ecosystems promoted.
Knowledge sharing and capacity building on digital entrepreneurship strengthened.
|Status of Implementation Progress (Outputs, Activities, and Issues)|
|Geographical Location||China - Nation-wide; Korea, Republic of - Nation-wide; Malaysia - Nation-wide; Myanmar - Nation-wide; Philippines - Nation-wide; Singapore - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide|
|Summary of Environmental and Social Aspects|
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|Procurement||RFQ; Direct purchase as applicable|
|Responsible ADB Officer||Park, Donghyun|
|Responsible ADB Department||Economic Research and Regional Cooperation Department|
|Responsible ADB Division||ERMR|
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
|Concept Clearance||25 Sep 2020|
|Approval||12 Jan 2021|
|Last Review Mission||-|
|Last PDS Update||13 Jan 2021|
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|Title||Document Type||Document Date|
|Digital Entrepreneurship in Asia for Economic Resilience and Post-Pandemic Recovery: Technical Assistance Report||Technical Assistance Reports||Jan 2021|
Safeguard Documents See also: Safeguards
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Evaluation Documents See also: Independent Evaluation
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