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Volume 10
Volume 10, Issue 2
In This Issue
S&T Trends - Innovation of Small and Medium-sized Enterprises
Science and Technology Trends
R&D Enhancement Strategy for Small and Medium Enterprises’ Development in Korea
Mun Su Park, Jungje Yoo

The purpose of this study is to suggest the limitations of R&D support system for SMEs, and a policy plan for expanding performance. In order to accomplish the purpose, we investigate the way to expand performance through in-depth analysis and evaluation of the existing R&D support programs for SMEs. This paper examined the items of research expenses and the current condition of research misconduct. That is to say, the paper analyzed that the investment type of support expenses and scrutinized the R&D programs targeting SMEs. In addition, the paper verified whether there is an outflow of support expenses from government to SMEs.


The results of statistical analysis proved that the expenditure structure of personnel expenses in the support project of SME technology development is relatively small. The expenditure on personnel expenses is actually low on the support projects of the technology development. And the total number of unjustifiable execution sanctions is higher, such as a relatively larger number of restricted participation on the basis of the total number of organizations and figures compared to other ministries. This suggested that the wrong execution of the support projects of SME technology development are still pernicious, and it should need some efforts to politic supplementation. Policy implications can be suggested as follows by focusing on the systematization of the performance evaluation and management of the technology R&D support projects for SMEs. 

Regulatory Sandboxes and Regulation Innovation for SMEs in Taiwan
Yong-Hyun Cho


SME Innovation and Policy in Indonesia
Donard Games


Micro Small and Medium Enterprise (MSMEs) Ecosystem and Government Measures to Promote MSME Innovation in Indonesia
Rofikoh Rokhim, Melia Retno Astrini

Micro small and medium enterprises (MSMEs) have been known as a catalysator of social and economic growth due to its ability to increase employment rate and increase local economy. For these MSMEs, innovation activity is crucial, especially in this era of globally competitive environment where product life cycle is getting shorter. This paper aims to extend the discussion about the topic of MSMEs and innovation by providing empirical evidence from previous research the drivers and/or the barriers to innovate for MSMEs. Then, we describe the state of MSMEs innovation in Indonesia, specifically regarding the policies that have been implemented by Indonesian government to promote growth and innovation among MSMEs. Lastly, we investigate whether the policies are able to close the barrier gap of innovation among MSMEs in Indonesia, and provide recommendations of future actions that shall be carried out to support innovative MSMEs.?

Firm Size, R&D and Innovation: Evidence from India
Radeef Chundakkadan, Subash Sasidharan

This study examines research and development (R&D) activities of SMEs and large firms. Using the World Bank Enterprise Survey, we find that the percentage of medium-sized firms investing in R&D activities is higher than that of small and large-size firms. Further, we explore the productivity of R&D in terms of introduction of a new product or process into the market. We find that the percentage of firms that introduced a new product or process does not vary in terms of firm size. 

Industry 4.0 Innovations for Indian SMEs in Real Estate Sector
Nomita Sharma

The advancement in technology reshaped the basic nature of real estate sector in India. There is a shift from traditional real estate to smart-technology based real estate sector. Smart technological innovation has resulted in change in the real estate sector. It has added lot of innovations in the real estate that offers better value to the consumers. The use of computers and automation has resulted in the autonomous systems that can control itself. These innovations are fueled by data and machine learning. These smart technological innovations can be in the form of automatic door with sensor or security systems or even conveniently aligned walls of the house or even robotic mason, that can built a wall on its own with little support human intervention. In this paper, industry 4.0 innovations like big data, artificial intelligence, augmented and virtual reality and real estate building technology and real estate operations automation are correlated with effect on the small and medium enterprises (SMEs) in real estate sector. This paper is an attempt to understand the innovations in the fourth industrial revolution on the real estate sector. Some regional examples representing effect of industry 4.0 on real estate are presented to provide better perspectives of the study. The paper is supported by three company specific examples from real estate sector. It concludes that industry 4.0 has started its flight in Indian real estate sector and small and medium enterprises can increase value additions from industry 4.0 innovations.

Moving to the Cloud: A Small and Medium Enterprises Perspective
Ma. Rowena R. Caguiat, Merlin Suarez

Small and Medium Enterprises (SMEs) are a core component of any strategy designed to achieve inclusive economic growth in Asia. While SMEs recognize the benefits of technology, the sector is slow to embrace such solutions. Cloud computing has been viewed as a promising platform for such organizations. Real-life cases have shown the positive impact of cloud computing, particularly cloud enterprise resource planning (cloud ERP) on global operations. While literature expresses the potential benefit of cloud ERP for SMEs, a formal study of its adoption issues has yet to be conducted particularly in the Philippine context. This is crucial because 99.6 % of the Philippine economy is comprised of SMEs.


This work aims to uncover these issues, viewed using the Technology-Organization-Environment Theory by employing a qualitative, multiple case study approach. In-depth interviews with the chief executives were conducted. Findings indicate that the drivers are supplier's influence, level of maturity towards technology adoption, cost as free while the barriers are government control and influence, telecom industry/infrastructure, cost, knowledge, and data security. This study also revealed that cost is both a driver and a barrier from a Cloud adopter and a non-adopter perspective. 

Innovative Business Models of Social Enterprises in the Philippines
Raymund B. Habaradas