Archive for ‘Promoting Enterprise News’
Digital innovation, one of the themes of the SME Assembly 2017, is by far the biggest influencer, changing the way we do just about everything, from shopping to communication to running a business. Recently Gartner, Inc., revealed its top predictions for IT organisations and users for 2017 and beyond, focusing on three fundamental effects of continued digital innovation: experience and engagement, business innovation, and the secondary effects that result from increased digital capabilities.
- Augmented Reality
- By 2020, 100 million consumers will shop in augmented reality.
- Web Browsing
- By 2020, 30 percent of web browsing sessions will be done without a screen.
- Mobile App Abandonment
- By 2019, 20 percent of brands will abandon their mobile apps.
- Knowledge Algorithms
- By 2020, algorithms will positively alter the behavior of more than 1 billion global workers.
- Blockchain Technology
- By 2022, a blockchain-based business will be worth $10 billion.
- Digital Giants
- By 2021, 20 percent of all activities an individual engages in will involve at least one of the top-seven digital giants.
- Digital Innovation Costs
- Through 2019, every $1 enterprises invest in innovation will require an additional $7 in core execution.
- Internet of Things Data Demands
- Through 2020, Internet of Things will increase data center storage demand by less than 3 percent.
- Internet of Things Savings
- By 2022, Internet of Things will save consumers and businesses $1 trillion a year in maintenance, services and consumables.
- Health Care Costs
- By 2020, 40 percent of employees can cut their health care costs by wearing a fitness tracker.
Interested in Digital Innovation? Curious about what lies in store for 2017 and beyond? Find out more about the predictions and where digital innovation is set to take us in 2017…
The European Conference for Junior Entrepreneurs (The JADE Spring Conference) takes place on 02‐05 March 2017, in Brussels, and is the main international Junior Enterprise event in Europe, bringing together over 300 Junior Entrepreneurs from over 14 countries in Europe, as well as Brazil, the United States and Tunisia. This year, 2017, marks the 25th anniversary of JADE and the 50th of the Junior Enterprise concept. The conference theme is “Co-create the future. Celebrate the past, act today, shape our tomorrow”, and will focus on the power of youth assuming a leadership role in shaping the society of the future.
Andrey Novakov, youngest Member of the European Parliament, will launch the conference, followed by high level panels and keynote speaker Dr. Georg Tacke, CEO of Simon Kucher & Partners. During the conference, the Junior Entrepreneurs will have the chance to foster their skills development with dedicated workshops delivered by the event’s partners, experienced professionals and chosen multipliers of the JADE network. The Gala Dinner will close the event, during which the best Junior Enterprises in the network will be awarded with JADE Excellence Awards.
Pragmatism, knowing what works and thinking practically, all powerful tools for those in the world of entrepreneurship, startups, scale-ups and SMEs. This month’s featured book is Pragmatism: A New Name for Some Old Ways of Thinking by William James. The book explores the validity of ideas based on their experiential and practical consequences, as well as the philosophical concept of radical empiricism.
Part of entrepreneurship is looking at existing problems and finding solutions, which can also mean defining the problem itself, something that William James explores in this collection of essays. Using a simple yet entertaining anecdote, Does a man go around a squirrel that is on a tree trunk if the squirrel keeps moving on the tree to keep the trunk always between himself and the man?, James demonstrates that an important distinction must be made and defined, ‘what constitutes ‘going round’ the squirrel?’. While abstract this principle can certainly be applied to entrepreneurs, who re-define ideas and concepts through innovation and in turn find effective solutions.
For more information:
From innovating scientists to high school founders, this year’s 30 Under 30 Social Entrepreneurs list highlights entrepreneurs making an impact combating climate change, empowering the visually impaired, and activating developing markets.
The members of this year’s 30 Under 30 Europe list are culled from over one thousand online nominations and research by a team of reporters at Forbes and across Europe. Candidates for the Social Entrepreneurs list were evaluated by a panel of experts in their fields: Jean Case of the Case Foundation; Cheryl Dorsey of Echoing Green; and Randall Lane of Forbes Magazine. The final list is built from the recommendations of our judges.
Here are some of notable areas the Under 30s will be impacting Europe and the world in 2017:
Making Fresh Produce Accessible
Agricool cofounders Guillaume Fourdinier, 29, and Gonzague Gru, 29, are making cities more sustainable with their Cooltainer, a storage container capable of producing fresh produce year round. The French duo recently harvested a $4.3 million funding round that will enable them to ramp up production in 2017.
Integrating New Arrivals
Ninon Demuth, 27, is using food as a catalyst for long-lasting refugee integration. She cofounded Über den Tellerrand, an organization that connects refugees with locals through refugee-led cooking classes, street food markets and cookbooks. The idea is catching hold: already they’ve spread to 25 cities in four European countries.
Inspiring Entrepreneurs of the Future
Ben and Jodie Cook, both 28, the husband and wife team behind Clever Tykes, realised that their entrepreneurial spark began in early childhood. Looking to inspire the next generation of leaders, they developed a series of children’s books featuring enterprising young role models. They scored a major partnership with the Lloyds Banking Group in late 2016 that now enables them to offer the books free of charge to every primary school across the United Kingdom.
Reducing Our Carbon Footprint
Scientist turned entrepreneur Julian Melchiorri, 29, invented the first synthetic biological leaf that mimics the work of an actual leaf. By absorbing carbon dioxide and emitting breathable oxygen, the BioSolar Leaf holds limitless possibilities from increasing air quality in cities to even potentially making life on another planet possible.
These are only a few of the trailblazers leading the way to a better future. Meet the rest of the social entrepreneurs in the full Under 30 Europe – Social Entrepreneurs List.
Today was the first meeting with all national coordinators for the upcoming launch of EEPA 2017. This first gathering gave us a sneak peek into all the exciting campaigns we can expect across Europe and on all sorts of different platforms.
Three inspirational presentations were given by the national coordinators who have implemented successful promotional activities in 2016:
The Netherlands: gained a lot of national press coverage and awareness through having their projects perform the bell ceremony at the Amsterdam stock exchange.
UK: created a media campaign to find the “most enterprising place in Britain”, giving them a great platform to recruit entries for their national competition and then create substantial media interest once the winners were announced.
Germany: for the last three editions of EEPA Germany has performed very well in the Responsible and inclusive entrepreneurship category and Germany’s coordinator Juliane Kummer highlighted the effectiveness of personal communication, have a read of her interview from 2016.
Have a look at a selection of other EEPA campaigns:
Based on the ideas and discussion heard today we should all start getting ready and excited for all the EEPA 2017 activities coming up, so stay tuned and look out for all the announcements and information coming from your national coordinators!
To all the national coordinators, we wish you the best of luck with the upcoming campaigns and look out for our tips, tricks and other materials available right here.
Just before we go…don’t forget about the EEPA 2016 winners testimonials!
Today at Promoting Enterprise we are presenting an exciting interactive tool, ‘The European Digital City Index’, which gives glimpses into what is going on in the European world of entrepreneurship.
The European Digital City Index (EDCi) describes how well different European cities support digital entrepreneurship.
It was produced by Nesta as part of the European Digital Forum, which exists to support digital entrepreneurship and digital startups across Europe. The European Digital Forum is run in collaboration with the European Commission’s Startup Europe initiative.
For startups and scale-ups, it provides information about the strengths and weaknesses of local ecosystems, allowing them to plan accordingly and consider where they may need to devote more resources. For policy makers aiming to encourage digital entrepreneurship in their own city, the Index helps to identify existing and promising hubs of activity, in order to learn from their practices. Additionally, it allows benchmarking of performance against other European hubs, and helps identify which policy areas to prioritise.
For more information: https://digitalcityindex.eu/
We are coming to the end of 2016…and what a year it has been! This year on the blog we have met some inspiring entrepreneurs, who showed us what it means to be innovative, creative, daring and more. From the seasoned to the new, from older to younger, we have been very lucky here on Promoting Enterprise to have met and featured so many inspiring individuals.
We must also not forget all the winners we have met! Starting with the hotly contested European Enterprise Promotion Awards where we had 6 category winners and a Grand Jury Prize winner. Read all about them here. Let us also not forget all of the amazing national projects that made it onto the shortlist, find out about them here.
This year for the first time there was an opportunity for young Europeans to participate, that’s right we are talking about the Youth Essay Competition, which received many outstanding entries, of which only 3 finalists and 1 winner were selected. The finalists, Francesco Foglia, Frici Barabas and Katie Williams all differed very much in their approach as to how to motivate young Europeans to become entrepreneurs, and all pushed the Jury to think about the opportunities available. The winner of the competition, Andri Pandoura, from Cyprus impressed the jury with her simple approach and advice on how to connect with youth on their platforms and terms.
Finally, our biggest event of the year was the SME Assembly 2016 held in Bratislava, Slovakia from 23-25 November 2016. If you missed it, read our daily posts (Day 1, Day 2, Day 3) and have a look at our Instagram for images of one of the biggest European gatherings of entrepreneurs, facilitators and innovative thinkers!
It has certainly been an eventful and entrepreneurial year, and we look forward to seeing what 2017 will bring! So from all of the Promoting Enterprise team, thank you for supporting us and reading our posts, we hope you have enjoyed them! Curious about what we will bring you in 2017? Not long to wait, so Happy Holidays and see you back here in 2017!
Have you had a chance to read the Annual report on European SMEs 2015/2016 yet? We recommend that you do!
Have a read of our quick report summary below:
The main themes of the report can be summarised as follows: employment and growth, performance and population and the second chance principle.
Employment and Growth
SMEs are a vital part of the EU28 economy, in 2015 they employed 90 million people (an employment increase of 1.5%), accounting for two thirds of EU28 employment. Many of these SMEs are micro enterprises, with less than 10 employees, which form around 93% of all enterprises in the non–financial business sector. SMEs have also continued to grow, showing steady growth in value added both in 2014 (3.8%) and 2015 (5.7%). Growth varied across Member States but was generally positive.
Figure 1: SME employment and value added growth in 2014 and 2015, EU28
Performance and Population
Overall EU28 SMEs have performed better than previously, indicating better macro-economic conditions in 2015. However there are differing trends across small (e.g. legal and accounting services, advertising and marketing research) and large sectors (e.g. retail trade, construction). Smaller sectors experienced over 5% growth in employment, contrasting with only 2% growth or less in the larger sectors.
Figure 2: EU SME value added annual growth by Member State, 2015
The second chance principle
The SME population is in constant fluctuation, as many new businesses are born and others cease to operate every year. New firm creation in the EU has caught up with USA rates, however the strengthening of second chance public policies to encourage startup dynamism after failure, would certainly counteract the barriers faced by those starting afresh for the second time. This would also ensure that potential entrepreneurs are not deterred by the prospects of bankruptcy or that existing entrepreneurs are not disheartened from trying again. This is where the SBA second chance principle could be every effective, not only for improving the environment and procedure for those businesses that do fail, but also by putting in place mechanisms to avoid businesses falling into such situations.
However, the latest SBA reviews highlight some areas for improvement:
- in only slightly more than half of Member States can the discharge from bankruptcy be achieved in 3 years or less;
- half of EU Member States treat re-starters on an equal footing with new start-ups; and,
- all the other SBA second chance policy measures are implemented in less than half of Member States. Moreover, the SBA second chance principle is the one showing the least progress since 2008.
Progress has been made but more can be done, especially on the SBA second chance principle, so that SMEs can continue to recover and thrive, in turn strengthening the EU28 economy.
Figure 3: Forecast growth of SME value added and employment from 2015 to 2017 in Member States
On the first day of the SME Assembly 2016, acclaimed French economist, Professor Philippe Aghion, gave the Inaugural Schumpeter ‘Innovation in Enterprise’ Lecture, during which he warned that people in countries who do not share in the wealth created by reform, and feel ignored, will respond at the ballot box. He declared that reform must be ‘inclusive’ and spoke of the power of innovation to produce social mobility.
Philippe Aghion is the Robert C. Waggoner Professor of Economics at Harvard University, an invited professor at the Paris School of Economics, and Professor of Economics at the London School of Economics. He talked of the need for many countries to undergo fiscal and structural reform in order for them to truly prosper, but added that reform alone would not be enough – countries must still be open and innovative. Comparing the US economy with European ones, he asked the audience ‘why is Europe not growing as fast as the US; why after the crisis are we on a very low growth path in Europe; and how can you deliver growth across Europe?’, to which he responded that the US is more ‘resilient’ and growing faster than Europe for several reasons, including the fact that it has a more proactive ‘macro-policy’, is more ‘counter-cyclical’ and has a more flexible labour market.
Some European countries need structural reform, and he stated that investment in infrastructure and structural reform are complementary, and unless this reform is implemented, the disadvantaged will react accordingly. What is required is “good education and good training” in order to help them attain employment and share in wealth creation. Innovation is also key because there is a “positive relationship between innovation and social mobility”. So, he argued, we should “encourage and reward the reformers”.
Professor Philippe Aghion delivered compelling arguments as to why reform is needed and how to go about aiding European economies to grow. He left the audience with much to contemplate including the following: “If we want to revive the idea of Europe, people to love Europe, Europe has to deliver growth. If we don’t deliver growth, it is over”.
The lecture was the first of the annual Schumpeter Innovation in Enterprise lecture series and is now available to watch here (37mins).
For further information, please contact:
Press & PR Manager for the SME Assembly and EEPA 2016
Tel: +44 7976 728 051
After a packed programme on Wednesday, delegates were at Incheba Expo on Thursday morning for the official opening of the SME Assembly 2016 by Commissioner Bienkowska, Slovakia State Secretary Rastislav Chovanec and Estonia SME Envoy Viljar Lubi.
The State Secretary highlighted in his keynote speech the importance of SMEs as ‘key pillars in the economy’ as well as the need for international markets in order to fully exploit the potential of SMEs. Commissioner Bienkowska delivered a strong speech, encouraging startups to look for ‘the silicon valleys of Europe’ instead of taking their ideas and innovation outside of Europe. She acknowledged the need to facilitate startups and scaleups and impressed us all with her vision for an SME friendly Europe. The dynamic spirit continued when Mr Viljar Lubi challenged both speakers with insightful questions in preparation for Estonia’s hosting of the SME Assembly 2017.
It was then the turn of Mr Hendrik Halbe, co-founder of startup pitching competition ‘Get in the Ring’, to introduce the entrepreneurs battling it out to go to the international final in Singapore. After two battles, and an extremely close final, it was Dutch startup Pearltect who came out on top with a unique bracelet designed to protect wearers from sexual violence.
After the excitement of Get in the Ring it was time to talk policy and stimulate debate around entrepreneurship. The high level roundtable on entrepreneurship education allowed SME Envoys and experts in the field to come together and discuss the issues faced with implementation, incentives and training for entrepreneurship education. Over in the plenary room the panel on International Ecosystems hosted an international array of speakers, with special international guest Ms Jenny Fulton from the USA (CEO of Miss Jenny’s pickles) who shared her inspirational story about what it means to follow your passion. Delegates were then challenged to help write the agenda for the Open Space session on ‘Startup to Scale Up’, where topics were taken from the floor and discussions got underway. With topics ranging from solutions for startups that fail, to changing the perception of internationalisation for SMEs, the discussions were fruitful and culminated in a quick fire pitching round. This round kept pitches short, limiting topic holders to 45 seconds in order to summarise their discussions.
The day closed with the gala dinner, followed by the long awaited EEPA 2016 awards. If you want to find out more about the winners, read the 2016 EEPA winners´ post. Also be sure to check out @EEPA_EU on Twitter and on Facebook and stayed tuned for upcoming posts in which we get to know these prize-winning projects from across Europe.
The day was long and full of events, from inspirational talks to battling entrepreneurs. What will the third and final day have in store? You will have to wait and see our next post! In the meantime, visit the photo gallery on Flickr.