Archive for ‘Promoting Enterprise News’
As the concept of employee and place of work begins to change and become more fluid, there has been a global rise of ‘coworking spaces’, which serve as transient spaces where individuals and companies can work alongside a variety of professionals. Whilst these spaces provide flexible physical locations without traditional constraints, do they actually work? Do they really promote cross-sectorial cooperation and innovation? Are they conducive to entrepreneurship?
Different studies and interviews of those that use coworking spaces and founders of these spaces have revealed key messages that point to what makes these innovative spaces different to traditional office environments. With reported higher levels of satisfaction and productivity, ongoing research has highlighted the following reasons for their attractiveness:
- People who use coworking spaces see their work as meaningful.
- They have more job control.
- They feel part of a community.
In an environment where collaboration and assistance are the norm, work takes on new meaning, stands out and can even be a valuable asset to another space user. The spirit of collaboration can exist in traditional office spaces, yet can also be accompanied by office politics and internal competition. By working with ‘strangers’ from a range of professions, this can help strengthen each individual work identity, add value to each unique contribution and ultimately eliminate the sometimes counterproductive aspect of internal competition.
When it comes to job control there is no denying that the world of work is changing and the once accepted 9-5 schedule with rigid policies, pushy bosses and no room to manoeuvre is being replaced by the need for autonomy and ultimately flexibility for workers. Coworking spaces allow for necessary but minimal routine and structure without traditional constraints. These spaces are normally available at all hours, meaning that working days can vary depending on when long hours and days are needed, to when a few hours are sufficient. This allows for healthy balance between professional responsibilities, family obligations and other social needs, through the flexible schedule a coworking space promotes.
Finally, the sense of community these spaces create is another strong factor in their attractiveness. Autonomy and flexibility are aspects that can be achieved from a home office, yet this can be isolating and result in decreased productivity. In contrast, the coworking spaces offer both interactive and individual work stations, giving users different working style options as well as the chance to socialise and expand their personal and professional networks.
With the ever changing workforce and working styles, . Taking into account the figures, the studies, the interviews and the ongoing research, there are definitely some benefits to coworking spaces, but can these benefits be translated into entrepreneurial success? Entrepreneurs often think outside of the box, so perhaps working spaces that fall outside of the ‘traditional box’ of structured and rigid office spaces are what these pioneering and innovative minds need to build their networks, launch their ideas and ultimately bring innovation into our daily lives.
For more information:
Interested in coworking spaces and what it is like to run one? Read through the Promoting Enterprise interview with ‘The Library Group’ CEO and founder Anne-Sofie van den Born Rehfeld on Instagram! Find out about her entrepreneurial journey and what led her to set up and run her network of coworking spaces in Brussels.
As the SME Assembly 2017 approaches, along with the beginning of the Estonian presidency, Promoting Enterprise has decided to briefly explore how this Member State rose to be the digital pioneer of Europe.
After gaining independence in 1994, the Republic of Estonia was a small state with a small population and few resources. It was at this moment that the country’s leaders decided to build on the global launch of the internet and integrate it into the construction of the post-Soviet Estonian infrastructure. Preparations for the modern e-Estonia began with the passing of the Information Policy in 1994, followed by the Personal Data Protection Act and the launching of the Tiger Leap project in 1996.
The Tiger Leap project marked the beginning of the prioritisation of the creation of Information Technology structure, by allowing educational institutes to access computers and the internet. This ensured the training of tech-savvy Estonians from a young age, which continues to allow the healthy growth of the national IT industry and development of innovative e-services such as the ID Card project and the X-Road. The project continues to run today and fosters the development of entrepreneurs and their innovations.
Fast forward to the present day and Estonia continues to pioneer digital solutions and is the training ground for other countries wanting to implement online voting and e-Health systems, to name a few. Not only a European but a global pioneer, Estonia is the seat of the NATO Cyber Defence Centre after demonstrating the ability to defend itself against a cyber-attack on national level in 2007.
E-Estonia is by no means finished and new systems and innovations are constantly being developed and added. What will Estonia develop next? We will have to wait and see…
For more information about E-Estonia: https://e-estonia.com/
The Digital Assembly 2017 will take place on 15 and 16 June in Valletta, Malta. It is an event co-organised by the European Commission and the Maltese Presidency of the Council of the European Union.
The Digital Assembly 2017, is an opportunity for stakeholders to debate, take stock and look ahead at how Europe and how its partners around the world are preparing for this digital transformation. It will also be an opportunity to have dialogue on the benefits of the Digital Union for citizens with a special focus on younger generations.
The Assembly will kick off on 15 June with a networking lunch, followed by a high-level opening ceremony and international panel discussions.
On Friday 16 June, four thematic working sessions will focus on the key priorities:
The Digital Assembly 2017 will end with a panel of young people discussing expectations and ideas for the digital economy and society, before a closing ceremony.
Read the programme here.
For more information: https://ec.europa.eu
Educators are tasked with the necessary burden of preparing today’s students to shape tomorrow’s world as our next generation of thinkers, leaders and entrepreneurs — the tireless creators who are at the forefront of innovation and driving the world’s economy. Recently, we’ve seen the traditional learning models begin to evolve with the meaningful incorporation of technology, as we try to equip students with the digital literacy required of today’s employees. But, with technology constantly changing, can we actually predict what skills and knowledge today’s students will need to lead the future workforce?
This uncertainty about the future is precisely what defines the type of workers we’ll need: flexible and collaborative problem solvers. Where the traditional learning model leans heavily on memorisation and discipline to create uniform, self-reliant students, the educational system must shift the focus from what students learn to how well students can apply knowledge to break barriers, chart their own paths and ignite their own career passions and interests. As we redefine the education environment through technology and innovative learning styles, we can prepare students to meet changing workplace expectations by teaching them how to learn, think and lead.
In these new education models key styles of education have been identified:
- Mobility enhanced personalised education: Learning how to learn
- The Maker Movement: Learning how to think: a hands-on approach
- Student-led learning: Learning how to lead
Incorporating technology in the classroom is already having an enormous impact on students, but if the lesson doesn’t go beyond the classroom, what value does it truly have for students’ real lives? Educators need to focus not only on how far we can advance learning with tech, but also how to build a culture of challenging outdated models and embracing new solutions; this is critical for our future workforce.
For today’s students to succeed in the workforce, they must learn to be contributors and innovators, rather than masters of a specific skillset. As technology evens out the playing field for global companies, innovation and differentiation will become even more instrumental in the success of a business. Today’s students will carry the burden of taking risks and thinking outside their roles to keep companies competitive and afloat. Future workplaces will not need “expert accountants” or “expert coders,” but rather expert problem solvers, thinkers, collaborators and “intrapreneurs.”
The burden doesn’t only fall on educators; technology companies also need to continue to provide communities with special STEM programs, focused on areas like data science and engineering. They can also help by supporting organisations like Girls Who Code, a nonprofit organisation dedicated to closing the gender gap in computer science and technology, and Major League Hacking, a student hacking league that supports weekend-long invention competitions. Organisations like these inspire students and foster a drive to learn the skills needed to build a better world.
So whether you’re an educator or member of the tech community, it is up to us to help students think differently by teaching and supporting them with the world of tomorrow in mind, rather than defaulting to the ways we were taught as children. It’s vital we work together to set a precedent for innovation now so the next generation of entrepreneurs and employees can create a positive global impact when we pass the torch.
Read the full article: www.entrepreneur.com
Bottom-up innovation could be the competitive way forward for European advancement on the international stage across industrial sectors, and help to harmonise the current digitisation discrepancies across European industrial sectors. Digital innovation is necessary in order to keep up with the fast pace of digital technological change, but this fast pace can leave decision makers with difficult decisions regarding when to invest, to what level and in which technologies.
Currently around 60% of large industries and more than 90% of SMEs feel like they are lagging behind in digital innovation, which is why the European Commission (EC) has been actively developing Digital innovation hubs to ensure that every company, regardless of size and technological capabilities, can grasp digital opportunities.
There are already several initiatives and platforms from the EC that aim to shape the pan-European network of DIHs, with a focus on helping SMEs master their digital transformations:
- Innovation for Manufacturing SMEs (I4MS);
- Smart Anything Everywhere (SAE);
- Open Data Incubator Europe (ODINE);
- European Institute of Innovation & Technology (EIT) Knowledge and Innovation Community (KIC);
- European Coordination Hub for Open Robotics Development (ECHORD++);
- Access Center for Photonics Innovation Solutions and Technology Support (ACTPHAST);
- Supercomputing Exercise for SMEs (SESAME NET);
- The call for tender EU13 DIHs;
- A thematic smart specialisation platform for industrial modernisation; and
With EU funding and the initiatives above, there has been not only an increase in competitiveness of existing industries, notably for SME and mid-caps, but also additional business creation in new digitised products and services. The EC aims to continue supporting these actions by channeling 500 million EUR over the next five years from Horizon 2020 budget.
For more information: https://ec.europa.eu
The European Satellite Navigation Competition (ESNC) was launched, along with the Copernicus Masters, the leading innovation platform for commercial Earth observation applications, at a joint international kick-off event hosted by the Representation of the Free State of Bavaria to the EU in Brussels, on 5 April 2017.
From now until June 30, ESNC will be searching for the most forward‐thinking applications based on satellite navigation. The winners, which will be announced at a ceremony as part of European Space Week in Tallinn, Estonia, in November, will share in this year’s prize pool of more than EUR 1 million and will benefit from the ESNC’s unparalleled support network, including the ESA Business Incubation Centres and the brand new E-GNSS Accelerator, co-funded by the European Commission.
Speaking at the kick-off ceremony, Andreas Veispak, Head of the European Commission’s Space Data for Societal Challenges and Growth Unit, noted that the EU had invested a lot of money in satellites, and now stakeholders, including Member States, were looking for a return on this investment. “This can only be yielded through satellite applications that are of use to end users in the public and private sectors,” he said.
Return on investment
This is where the ESNC plays a key role. Since 2004, the Competition has been fast-tracking the most ground-breaking ideas for Galileo-related applications across Europe and beyond and transforming them into market-ready products and new ventures. Each year, the Competition helps promote over 400 business ideas and has already awarded prizes to more than 300 winners over the years, which represent just a fraction of the more than 3,700 innovative concepts submitted by over 11,000 participants.
This year is no different. With an impressive prize pool of over EUR 1 million, the Competition will give entrepreneurs and start-ups with services, products or business ideas that use satellite navigation in everyday life access to more than 160 space-related stakeholders and allow them to benefit from support from over 40 incubators and the expertise of more than 250 experts.
GSA special prize
Within the ESNC, there is the GSA Special Prize for the most promising application idea for European GNSS. The European GNSS Agency (GSA) works with the European Commission on a range of activities aimed at helping European entrepreneurs and businesses – especially high-tech small and medium-sized enterprises (SMEs), business incubators, and related networks – take commercial advantage of European GNSS (EGNSS). This year the focus of the GSA prize is on connecting Europe.
Watch this: Europe for space, space for Europe
Now that EGNOS is performing very well, Reinhard Blasi, Market Development Officer at the European GNSS Agency (GSA), noted at the ceremony, the focus is shifting from not only embracing EGNOS on a European level, but Galileo on a global level. “Since December 2016 we have been progressing from deployment to user service provision, which means that users can benefit from Galileo right now,” he said. “In light of the 60th anniversary of the EU, and a milestone year when Galileo starts to provide services with the Declaration of Initial Services, we have been thinking about how we can use satellite navigation to showcase how European GNSS helps connect European citizens.”
The ESNC is now additionally equipped with the brand new E-GNSS Accelerator. This programme is a unique opportunity for entrepreneurs and start-ups to accelerate their business case on a broad scale and bring their products and services to market. The E-GNSS Accelerator will run for three years and will directly support the winners of the ESNC 2017, 2018 and 2019. As a result, the participants will receive even more prizes, services and three further business incubations worth an additional EUR 500,000.
For more information on the ESNC, including all relevant information on prizes, partners, and terms of participation, visit the Competition’s official website: www.esnc.eu. Information on the Copernicus Masters can be found here: www.copernicus-masters.com.
Media note: This feature can be republished without charge provided the European GNSS Agency (GSA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link the article back to the GSA website (http://www.gsa.europa.eu).
With a good idea, some investment and hard work, start-ups in the health and life sciences fields can get started in their local market. But if these firms are going to achieve meaningful growth, and if their innovations are going to benefit a wider audience, they will have to go abroad – which means understanding new regulations, a different culture and an unknown set of market realities.
This is where Product/Market Fit comes in. An EIT Health Accelerator programme, Product/Market Fit helps start-ups that have already established themselves in one market and are ready to expand beyond their borders. The support this programme offers has an estimated market value of EUR 25 000, but the opportunities it provides can be worth much more than that.
“Based on our experience in the Accelerator, grownup start-ups start needing support with going to other markets,” according to Katrien Van Gucht, a Co-Coordinator of the EIT Health Accelerator Strategy and Digital Health Program Manager at EIT Health partner IMEC. “We wanted to get in that sweet spot, right when they are ready to expand,’ said Johnny Waterschoot, who project manages European open calls for IMEC. “We are looking for companies that are ready to go beyond their borders, but lack the necessary funding to do just that. This programme will help them decide what markets to address next.”
According to Van Gucht, companies that are mature enough to qualify for this programme have typically raised about EUR 500 000 in investment and generally consist of two or three people. She said the companies obtain great value from the market testing that the programme can do. “The trial and error ratio of going out and seeing for themselves if they can make it in another market, we reduce this a great deal for them. They will see if they still need some work before they start growing in that market. Or the outcome could be that this market is not for them.”
If the entrepreneurs have the passion and drive to expand, the Product/Market Fit programme can provide them with many of the other tools they need.
Interested in finding out how to apply? Read more about the process here.
For more information: https://eit.europa.eu
Today Promoting Enterprise welcomes back Karen Boers, co-founder & CEO of Startups.be and European Startup Network, for her insights into the taboo of failure in the European startup world and why failure and the lessons learnt from it could actually be the key to future success.
5 years ago Failing Forward was launched as a keynote conference, with big role models testifying about the hardships they had overcome along the way and why the lessons they learned were critical to their success. Because let’s face it, failure is nothing more than a stepping stone in a learning process – and yet we seem to be very ashamed to talk about it. Thankfully, the campaign has been growing across Europe with events, media campaigns and social media stories – breaking through the stigma associated with failure.
European startups have long felt the sting of failed ventures, yet forums to discuss what went wrong are scarce. When we started to invite speakers for a conference on this topic, we really experienced how deeply people – especially entrepreneurs – fear discussing the subject in public.
Yet failure is not something to feel ashamed of. In many areas of life, it is common sense that practice makes perfect, and practice requires – guess what – trial and error, or failure. In the US, investors applaud entrepreneurs with previous experience, good and bad, as long as there are clear take-aways from that experience. In Europe, it’s all or nothing: either you make it the first time around or you might be banned from entrepreneurial life forever.
Why is failure important and what can we learn from it?
The point is not that we should try to avoid failure – that goes against the heart of innovation. The point is that we should embrace the lessons learned from failure. When a kid falls off the bike, you don’t tell them to go figure it out themselves either. You tell them what they’re doing wrong, help them learn and persevere – and become an expert before you know it.
So whenever we take a wrong turn or fall face first on the ground, let’s not be shy about it, help each other stand up again and prevent others from making the same mistakes.
How have you been tackling the ‘failing’ stigma in Belgium and Europe since starting this initiative?
Starting out with the keynote conference, we started gathering more partners around the topic. First we were able to join forces with 15 partners in a two year European project, tackling the subject across the different communities. We did this through local events, panels in big startup events as well as some research into the obstacles leading to failure and countermeasures allowing us to share and recommend best practices.
At present, a four year Flemish project is allowing us to take the campaign to a new level by including local events, a big media campaign every six months and an online platform where people can share their own stories.
What progress have you seen since the last failing forward conference?
It’s been great to see the progress in how easily people talk about the subject. Previously we had a very tough time lining up 10 hot shot speakers for the first editions, now people are knocking on our door, eager to share their stories. Not all people dare to speak about the topic that openly, but the culture is shifting slowly but steadily.
Mainstream press have also picked up on the topic, providing many more two-sided tales of the failed entrepreneur rather than stories focusing exclusively on their failures.
Read more about Karen Boers here on Promoting Enterprise:
Digital innovation has led to several technological advances, born in the minds of innovative entrepreneurs who go on to bring their ideas to life. With an increasing number of us online, both socially and professionally, cybersecurity is an issue that affects us all, consumers and entrepreneurs alike. How can you protect yourself? What information do you need to safely reap the benefits of our digitally innovative world? Today, Promoting Enterprise looks into the development of fraud detection systems, accessible cybersecurity and remote incident response platforms.
The tendency for people to be creatures of habit is being put to good use in the cybersecurity industry, thanks to new identification software that uses typical login times and locations, keystroke dynamics and in-app behaviour to verify if someone is who they say they are. It’s one of a series of innovations being developed by European businesses keen to claim their share of a growing cybersecurity market. Analysts predict that global spending in cybersecurity will be well over EUR 100 billion a year by 2021, yet according to a 2016 report despite being the most trusted area globally when it comes to data security and privacy, the European industry is only growing 6% annually, compared to growth of 8 % for the market as a whole.
One of the aims of the European Cyber Security Organisation (ECSO) – the association implementing a cybersecurity public-private partnership set up by the EU in 2016 – is to create connections between industry players, national public authorities and users of cybersecurity solutions to identify priorities and increase collaboration in research and innovation. That connection – particularly between providers and end-users – is crucial if Europe is to grow the industry and take its place in the market. European businesses such as Czech-based cybersecurity firm ThreatMark (advanced fraud-detection systems developer) and German cybersecurity company Applied Security (apsec), could benefit from this connection which could manifest as business-to-business platforms and direct interactions between SMEs and potential clients.
With the development of the cybersecurity industry, there are still three areas to be addressed:
- Cybersecurity tools need to be considered as integral parts of computer systems. EU funded projects like CyberWiz, where users set up a model IT network and carry out various kinds of simulated attacks, allow for system development whilst exposing weak points and giving an overview of the network security.
- Skilled technical experts are important for the overall success of the industry, but especially in the small- and medium-sized sector. According to chief executive of Secon Cyber Security UK Robert Gupta, ‘In general, there is a lack of the right skills and when you are recruiting, technical experts in cybersecurity are very hard to come by’.
- The costs of implementing cybersecurity. Between the costly search for experts, their employment and the implementation and upkeep of a security system, many smaller businesses simply cannot afford this integral part of their online presence. However, EU funded project ConnectProtect could be the answer; a remote incident-response platform helping small- and medium-sized businesses to combat attacks and security threats – at a more reasonable cost. Through such a system and economies of scale for cybersecurity software licences, the total cost of security could come down dramatically for small businesses – perhaps by as much as 75 % per member of staff.
For more information: https://horizon-magazine.eu
Digital innovation is a key theme for this year’s SME Assembly 2017 taking place in Estonia, so stay tuned for more digital innovation content right here on Promoting Enterprise.
If you liked this have a read of: 2017 and beyond: How digital innovation will impact the world
Today Promoting Enterprise welcomes guest contributor Daisy da Veiga, a self-employed entrepreneur who balances motherhood, travel and family life alongside running her own business. Over the next few weeks Daisy will be giving insight into the life of an entrepreneur and how to best communicate your ideas effectively.
Hello everyone, my name is Daisy da Veiga and I live in Rotterdam. I am 32 years old and a happy mom to Isaiah and wife of Mark. I am a self-employed entrepreneur in the empowerment sector since 2008.
With my enterprise Daisy da Veiga Coaching & Consultancy I get to empower people to make choices from the heart and live a victorious life. In 2007, after graduating with a Bachelor’s degree in International Communication Management, I read the book “The Secret” by Rhonda Byrne. I had felt stuck for a while because I could not find a job in the field of work I studied for. After reading this book I was triggered to use the insights gained and put them into action. I had learnt that we create our own reality with our thoughts. The first dream I realised through applying the Law of Attraction, was to work abroad, in Abu Dhabi as an international media consultant. This meant daily interaction with CEO’s and chairpersons of the biggest companies in Abu Dhabi. In the two following years, I fulfilled my second dream, which was to meet inspiring people, like the social rights activist Desmond Tutu, the football player Clarence Seedorf and life success coach Tony Robbins.
With the realisation that we have the power to create our own reality, I decided to dedicate my life to communicate this message to as many people as possible. I do this as a life coach, author, empowerment trainer, blogger, vlogger and motivational speaker.
My biggest success is the thousands of people I have positively impacted with my work over the years, and my biggest challenge is balancing motherhood and entrepreneurship. I’d like to spend all my time with both my son and my work.
One of the things I love to do is travel, as I believe that it is extremely important that I feel balanced between my social and professional life. I am very happy that I have found that balance, mainly due to my great husband.
My latest trip was to Lisbon in Portugal for an empowerment exchange project that I will tell you more about in the near future. In the video below I introduce myself, according to an introduction exercise we did on the first day of the project. Yes, sometimes I am a blue communicating Smurf!
Interested in Daisy and her work? Come back to Promoting Enterprise for her next post and be sure to visit her website for more information: http://www.daisydaveiga.com/