In light of the unbalanced development between local and urban area, slow development of local industries in the APEC region, and echoing APEC 2019 theme “Connecting People, Building the Future” and the priority “Women, SMEs and Inclusive Growth”, Small and Medium Enterprise Administration (SMEA), Ministry of Economic Affairs proposed the “APEC Local Innovation Ecosystem Initiative: Revitalization for Inclusive Growth and Sustainable Future” with partner economies the Philippines, Russia,