The SME Development Cooperation

Human resources who can lead the industry are still in short supply in many developing countries, and policies and systems to foster SMEs are underdeveloped. These situations hinder the accumulation of technical know-how in the production field as well as management know-how. The lack of know-how has impeded the growth of SMEs and the expansion of new businesses. To overcome these obstacles, in line with the progress of measures for promoting SMEs of the governments of developing countries, formulation of SME development policies and human resources development to implement the policies are essential.

In a region like sub-Saharan Africa, where there is no industry, support for entrepreneurship through regional community development represented by the Campaign of One Village One Product or the Road Station, which are more like micro enterprises rather than SMEs, creates local jobs, promotes support for women entrepreneurs, and contributes to the correction of regional income disparities.

At the same time, promotion of industrial technology is an important task for developing countries in order to expand business opportunities and improve competition through technological innovation. 

Many developing countries work on the promotion of various industrial technologies as a national responsibility and have established official test facilities and laboratories for basic technologies; however, securing and developing the human resources that will work at those institutions remains to be done. 

In the more developed countries, cooperation for relatively high level technical research targeting national research institutes is increasing. Through such cooperation, we support building systems that can respond to local technical needs.

The presence of SMEs, which supply components and parts, called supporting industries, is vital to foster comprehensive industries such as automobile and electric appliance manufacturing. Since the increased technical power of SMEs is very important for developing countries, we provide active support in this area.

Such support is expected to develop supporting industries in developing countries, promote further overseas investment, and consolidate leading corporations, thus leading to sustainable economic growth. As a result, it is expected that overseas procurement of leading corporations will increase, indirectly promoting overseas business opportunities, and at the same time, helping supporting industries expand and employment opportunities in developing countries increase.