Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, has once again joined forces with policymakers, the investment industry, policy–focused organisations and entrepreneurs to host Invest Week 2017. Supported by the Estonian Presidency of the Council of the European Union, Invest Week 2017 will focus on how Europeans can work together to create a brighter future through investment and innovation. A variety of events throughout the week will look at the role of investment in stimulating sustainable economic growth.
Michael Collins, CEO of Invest Europe stated:
“Europe is a global standard bearer for sustainable investment and has an increasingly powerful entrepreneurship and innovation culture. With 30 organisations spanning finance, pensions, insurance and entrepreneurship involved, Invest Week exemplifies the cross-border, collaborative approach that makes Europe a special place to invest and build businesses.”
“Invest Europe is proud to once again lead the organisation of Invest Week, which has this year secured the backing of the Estonian Presidency, the European Investment Bank and the European Investment Fund. We look forward to a packed agenda sharing ideas to help the EU meet its sustainable investment goals.”
Consult the agenda to view already scheduled events covering topics ranging from funding for start-ups, female entrepreneurship, financial regulation and sustainability. Confirmed speakers include: European Commission Vice President Jyrki Katainen, serial entrepreneur and investor Hermann Hauser, Chairman of the European Innovation Council, and Roger Havenith, Deputy CEO for the European Investment Fund.
For events and the latest updates, follow Invest Week 2017 on Twitter.
Journalists are welcome to attend Invest Week events. For more information and registration, please contact Emma Thorpe on email@example.com.
Read the full press release here.
About Invest Europe
Invest Europe is a non-profit association located in Brussels, that represents Europe’s private equity, venture capital and infrastructure sectors, as well as their investors. Their members take a long-term approach to investing in privately held companies, from start-ups to established firms. This commitment helps deliver strong and sustainable growth, resulting in healthy returns for Europe’s leading pension funds and insurers, to the benefit of the millions of European citizens who depend on them.
Invest Europe aims to make a constructive contribution to policy affecting private capital investment in Europe, and provides information to the public on their members’ role in the economy. Their research provides the an authoritative source of data on trends and developments in their industry. It also promotes the industry’s professional standards, demanding accountability, good governance and transparency from their members.
What does it take to be an entrepreneur? What comes after the Junior Entrepreneur experience? Where can we learn more about the inspirational entrepreneurs of the future? Today Promoting Enterprise has the honour to present the success stories booklet from JADE, the European Confederation of Junior Enterprises.
The booklet aims to inspire the next generation of leaders, by showcasing successful alumni from the Junior Enterprise network. In the booklet the alumni share the lessons learned as Junior Entrepreneurs and their impact on today’s businesses. They all had the opportunity to develop their entrepreneurial skills and mindset through the Junior Enterprise concept and this helped them to advance their careers as entrepreneurs or intrapreneurs.
Entrepreneurship is not only a set of skills but a spirit that enables you to turn ideas into actions. It is with those skills and this spirit that the JADE junior entrepreneurs can truly have an impact on society and co-create the future.
The following success stories are designed to inspire and provide life lessons, and are a gift to the network from the alumni.
For the last 25 years JADE has been contributing to the development of entrepreneurship among Europe’s youth by spreading a unique concept: the Junior Enterprise, a non-profit organisation, formed and managed exclusively by undergraduate and postgraduate students of higher education. They provide services for companies, institutions and society, under the guidance of teachers and professionals with the goal of consolidating and enhancing the learning of their members. Junior Enterprises are similar to real companies, with components such as corporate governance (e.g. management council and executive board), and self-regulation.
By connecting a network of 300 Junior Enterprises in 14 European countries and supporting the growth of its 22 000 members, JADE is one of the most powerful European youth organisations that fights skills mismatch and creates great potential for a more entrepreneurial society and active citizenship. After 25 years, JADE is actively working to spread the concept of Junior Enterprise to more countries, to give this unique opportunity to more students. Outside Europe, Junior Enterprises are present in around 40 countries, with over 40 000 Junior Entrepreneurs across the world.
Interested in what JADE does? Interested in knowing more about the Junior Enterprise Concept? Dive in, and meet former Junior Entrepreneurs that turned what they learnt during their Junior Enterprise experience into a successful career!
For more information visit the JADE website: www.jadenet.org
Still got questions? Contact JADE to find out more: firstname.lastname@example.org
Who else will be competing for a place on the European shortlist for EEPA 2017? Time to find out about the European projects competing in Category 3: Improving the business environment! Don’t forget to have a look at the national winners in Category 1 and Category 2.
Category 3 recognises initiatives that support enterprise start-up and growth, simplify legislative and administrative procedures for businesses. In 2016 the prize was won by the Leader SME programme from Portugal for their activities to support national SMEs.
This year there are 8 projects competing for a European title in this category. Congratulations to all the national winners and we look forward to finding out who is on the EEPA 2017 shortlist!
Austria: Innovation to Company
Czech Republic: Třebíč is lively
Ireland: Mayo Ideas Lab
Slovenia: Podjetno v prihodnost
Environmentally friendly innovation, is it possible? Can new ideas be sustainable, economically viable and still be innovative?
The Eco-innovation action plan aims to prove that innovation does not have to be separate from being sustainable and environmentally friendly. In fact, many of the projects supported under the eco-innovation scheme prove that the two go hand in hand! Through promoting the concept of circular economy and engaging in sustainable practices, SMEs do not have to be excluded from eco-innovation and can in fact make it a strong part of their identity and a unique selling point.
Sound interesting? Interested in finding out more about: Eco-friendly paper bottles, Eco-lights made from soda bottles or ECO°PAPER made out of confectionary production waste? Browse through the project gallery to discover the diverseness of Eco-innovation in Europe.
For more information on how to apply and benefit from funding for eco-innovative ideas have a look at the DG Environment Eco-innovation website: http://ec.europa.eu
Have you heard the news? The third edition of the European Youth Event (EYE2018) is taking place on 1 and 2 June 2018. On this occasion, the European Parliament seat in Strasbourg will welcome more than 8,000 people aged between 16 and 30 from any EU member State or another European country.
The European Parliament offers once more a unique opportunity for young Europeans to make their voices heard and to come up with innovative ideas for the future of Europe. Participants will get the chance to discuss them with political decision-makers and inspiring personalities on the European stage.
EYE2018 includes a wide range of activities in English, French and German run under the motto “The plan is to fan this spark into a flame.” (Hamilton, My Shot). The activities centre around five main themes:
- Young and old: Keeping up with the digital revolution
- Rich and poor: Calling for a fair share
- Apart and together: Working out for a stronger Europe
- Safe and dangerous: Staying alive in turbulent times
- Local and global: Protecting our planet
Young people who want to take part need to register on this website between October and December 2017. After successfully registering, they can also shape the EYE programme by proposing to organise an activity or an artistic performance.
Those who cannot make it to Strasbourg will still be able to debate the five main themes of the event online and take part in competitions on social media before and during the event.
Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark, is back for a final interview with Promoting Enterprise. Today the subject is the future, what does it hold for innovation and enterprise? What can we expect? What are the trends telling us? Read on to find out…
In Denmark specifically, the public sector is embracing innovation, which I see as a positive thing. Overall, user driven innovation is increasing, as consumers and users begin to play larger roles in development, and there is a shift from only research based innovation. The current trend is disruption of society as there is a need for innovation for us to advance.
What measures/steps are you taking to encourage digital innovation in Region Zealand?
In Region Zealand we currently don’t do enough and as such we are not a front runner in the digital space. In Denmark however there have been some steps towards pushing companies to work digitally and make that digital transformation. The Danish Business Authority (which takes care of company registrations and working in the Danish public sector) took the controversial decision to make it mandatory for all companies to digitally invoice if they wanted to work in the public sector. Initially there was a lot of resistance but overall it helped – and is still helping companies – to transition to the digital sphere. As such, Denmark has no physical paper trails for monetary transactions and the public sector is going fully digital. That is truly innovative.
As director for innovation and growth, what do you see as the future of enterprise?
The same situation can be seen across all the EU countries, the public sector is under enormous strain which has and will continue to be a catalyst and driver for innovation. This in turn will result in increased cooperation and further blurring of public and private divisions. This blurring of divisions also relates to how the idea of employment is changing and evolving, which is not to say it is negative, but simply means that new working models are beginning to emerge. I see the future of enterprise as no longer including the ‘employee’ concept, I think this will be phased out. It is not uncommon now and nor will it be in future to have multiple jobs or hybrid employment models, alongside an overall merging of individuals and companies.
What does the future of enterprise look like in Denmark? Do you think it is different to global trends or where the future of enterprise will go globally?
Denmark has always had a strong focus on creating a business environment conducive to startups and entrepreneurs. So far we have been successful, but we also need to change in order to stay competitive and innovative. The new focus now needs to be on helping startups to scale up. So the big question for us now is how do we scale up in Denmark? Perhaps a larger and certainly important question is, how do we scale up in the EU?
If you enjoyed this insightful interview with Tue David Bak, be sure to read his other interviews right here on the Promoting Enterprise Portal.
First interview: Innovation – What is it and how can it be fostered?
Second interview: Startup Culture – Tue David Bak shares his insights and predictions
What does the European Union (EU) invest in? What projects do they support? The EU is here to help support great ideas and give everybody a chance to get ahead and to give innovative European ideas a chance. Through different funding schemes the EU is able to invest in projects across the spectrum, from those that are investigating cleaner sources of energy, to those that aim to provide cutting edge healthcare.
In order to invest in such a diverse range of initiatives, the EU has a comprehensive Investment Plan. The investment plan focuses on removing obstacles to investment, providing visibility and technical assistance to investment projects and making smarter use of new and existing financial resources. To achieve these goals, the plan is active in three areas:
- mobilising investments of at least €315 billion in three years;
- supporting investment in the real economy;
- creating an investment friendly environment.
The Investment Plan provides background and context, but where does this investment go? On the InvestEU website, there are many different project stories to browse through, which highlight some of the innovative European projects that are being funded. In upcoming posts, Promoting Enterprise will be highlighting some of the projects from across the Member States and from different sectors.
Promoting Enterprise is proud to welcome back Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark. In his second interview with us, Tue sheds some light on startups, accelerators and incubators in Region Zealand and Denmark, current trends and the regional influences on startup culture.
In Denmark we have actually worked to avoid having too many regional accelerators and incubators, we prefer to have these bodies on a national level so as to keep them open to all Danish and even global companies. Global companies are not excluded from accessing our incubators and accelerators. As long as they have a Danish license and a physical presence in Denmark they can access all the resources. Through this openness we hope to facilitate a link between the Danish and global markets, thus making Denmark just as attractive as the Silicon Valley and other innovation hubs.
What trends are you seeing on the startup scene?
There is an increasing acknowledgement from startups that they do need help. The old idea of two guys in a garage doing everything on their own and not needing any support is starting to be replaced by the realisation that getting a startup to take off is difficult and that there a multitude of resources to draw from and that they are there for a reason. This links to another trend which is an overall change in mindset regarding partnerships. Similar to the collective realisation that they need help, startup founders are specifically beginning to value the need for partnerships with mentors, larger companies etc.
What trends are you seeing in startup culture? For example, does geography play a role?
Absolutely, just looking at the differences between Northern and Southern Europe is an illustration of the role of geography. I have more experience and expertise in Northern Europe, and overall I have seen that there is a strong entrepreneurial culture in Northern Europe, including acceptance of changes of career as a ‘normal’ part of professional life.
Even within countries geography is a big influence, a startup or company located in a rural area will not behave in the same way as an urban counterpart. Rural startups are more traditional working on the idea of being your own boss and are often less aggressive in their approach to scaling up. They are also more in line with the traditional Danish culture which means not standing out or drawing attention to yourself. In contrast urban areas are experiencing an aggressive growth of entrepreneurs.
Tue David Bak will be back next week on Promoting Enterprise for his final interview on the future of innovation and enterprise and what Denmark and the EU need to focus on to stay competitive.
Read his first interview: Innovation – What is it and how can it be fostered?
Ever wondered how innovative your country is? What about in comparison to its neighbours or overall in the region? The European Innovation Scoreboard is a European Commission initiative that provides a comparative analysis of innovation performance in EU countries, other European countries, and regional neighbours. It assesses relative strengths and weaknesses of national innovation systems and helps countries identify areas they need to address.
The Regional Innovation Scoreboard is a regional extension of the European Innovation Scoreboard, assessing the innovation performance of European regions based on a limited number of indicators.
European Innovation Scoreboard 2017
The 2017 edition of the Scoreboard presents a refined analytical framework. Rankings are therefore not directly comparable with previous editions, but time series using the new analytical framework allow performance to be tracked over time. New indicators capture investments in skills, digital readiness, entrepreneurship, and public-private innovation partnerships. In addition, a new toolbox with contextual data can be used to analyse and compare structural differences between countries.
The new scoreboard reveals that EU innovation performance continues to increase, especially due to improvements in human resources, the innovation-friendly environment, own-resource investments, and attractive research systems. Sweden remains the EU innovation leader, followed by Denmark, Finland, the Netherlands, the UK, and Germany. Lithuania, Malta, the UK, the Netherlands, and Austria are the fastest growing innovators.
In a global comparison, the EU is catching up with Canada and the US, but South Korea and Japan are pulling ahead. China shows the fastest progress among international competitors.
Interested in finding out more? Have a look at country profiles, an interactive online score board and find out who is leading innovation in Europe.
Are you between the ages of 16-25? Want to make your voice heard?
This is your chance!
The Youth Essay competition, organised by the European Commission Directorate General for Single Market, Industry, Entrepreneurship and SMEs, is launching again and is looking for creative and well thought out answers to this question:
Do you have an opinion on how European policy can help shape the future; or on what government, academic institutions and businesses can do to ensure that young people can acquire the skills they need for tomorrow’s world of work? Would you like to share it with policymakers and entrepreneurs on a European stage? All you need to do to have a chance of winning an all expenses paid trip to the 2017 SME Assembly in Tallinn, is submit an essay of no more than 2 500 words in English before 8 September 2017.
To get started, read through the rules below, get writing and
If you have any questions please contact email@example.com.
- The competition is open to all 16 to 25 years old from European Member States or COSME partners countries (see the list)
- Essays should not exceed 2 500 words in length
- All essays must be in English
- Only one entry per applicant
- The deadline for submissions is 8 September 2017
- The three finalists will be announced in October ahead of SME Week and will compete at a grand finale in Tallinn where they will present their essays
- The final winner will be chosen via a public vote
- An all expenses paid trip to the SME Assembly in Tallinn, Estonia for the three finalists, to present their essays to 500+ Assembly delegates
- Presentation training before delivering essay live on stage at the SME Assembly 2017
- Promotion of essays across SME Week social media channels
Follow us for competition updates: #SMEWeekYouth
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