Korean and Singaporean small and medium enterprise development: Lessons for South Africa?

1993 ◽  
Vol 10 (4) ◽  
pp. 579-585 ◽  
Author(s):  
Claudia Manning
2006 ◽  
Vol 7 (4) ◽  
pp. 251-259 ◽  
Author(s):  
Jarunee Wonglimpiyarat

This paper is concerned with the attempts of the Small and Medium Enterprise Development Bank of Thailand (SME Bank) to move towards becoming a technology bank to support the generation of new businesses and innovations. Being the bank for technology-based businesses to increase the nation's innovation capacity is the great challenge for SME Bank, as it needs to garner integrated financial and entrepreneurial support as well as a network of alliances. The paper proposes a model based on venture capital management for changing the innovative environment to create a technology economy. These innovative initiatives at SME Bank would be useful for economies in other developing countries to launch programmes supporting the diffusion and commercialization of innovations.


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