Archive for ‘SME Assembly’
In 2020 the fifth edition of the annual SME Week Youth Essay Competition was launched and asked Europe’s youth the following question:
What do SMEs need to become sustainable and resilient, in the context of COVID-19 and other global challenges? How can EU policy best aid entrepreneurs?
Today on Promoting Enterprise we have the pleasure of interviewing one of the 2020 finalists who made it all the way to this year’s SME Assembly 2020 and presented his essay to the hundreds of delegates. Pablo Pastor Vidal from Spain impressed the jury with his ideas on sustainability and resilience, calling them the words of the next decade.
We asked Pablo about his experience entering the competition and attending the SME Assembly 2020.
What made you enter the SME Youth Essay Competition?
Since I was a child I have always been very interested in how to come up with solutions to the social problems we face every day and I think that is why I ended up studying Law and Political Science. I remember that the day I discovered the SME Youth Week essay competition I had just had one of these big talks with my parents about how we need to innovate more and support each other even more because everyone has problems and, near them, there will always be another person with solutions. I think that is what we should do in Europe, especially in this era of our history where everything is more complicated than ever: we need to learn from each other and listen because sometimes we are just making the same mistakes that someone has made before us.
What was it like to be announced as a finalist of the 2020 competition?
I am a shy person, so at first, I just told a couple of friends and my family that I was a finalist because I personally thought my ideas would not change people’s minds that much. However, as soon as I told someone about it they loved reading my essay and told me that it made them think about topics that no one had pointed out to them before, and I loved to hear that! We all have the power to influence the people we know with our ideas but I just could not believe mine would captivate the attention of a jury composed of highly respected people in the world of SMEs in Europe as well.
What did you think about the SME Assembly 2020?
It was probably one of the most enriching events I have attended. I know all the team was working really hard to make it possible, especially because all had to be transferred to an online platform this year. Although it was a pity that we had to go online, because I would have loved to meet each and every person face-to-face, that did not make me enjoy the overall conference and intense workshops any less. Now I am already looking forward to the next edition in Ljubljana and I plan to bring some experiences of the Spanish SME landscape with me.
What was your main takeaway from the SME Assembly 2020?
First of all, needless to say, this event is a must for everyone that wants to communicate and learn about SMEs, because it is not only enriching but diverse: there were experiences from all over Europe and the world. Moreover, I think the experts confirmed very important points that Sabine, Geena and I stressed a lot in our essays: that, in a nutshell, we are going from a vertical vision to a horizontal one, with all the consequences that has, not only in the organisations themselves but in the values regarding the environment, their resilience and their capacity to look forward and think long-term. Therefore, I think we need to engage more people creating with their minds, hearts and hands and more academics to ensure we learn from the mistakes we might make along the way.
What is next for you? Any exciting plans to share?
Right now I am working with a team of lawyers from all over Spain to create an innovative startup that tries to solve the everyday problems of small and medium legal firms and guide them through their digital transformation. Our mission is also to promote more economically accessible legal help to the majority of the population. I am really excited about this project and I hope to share more news about it soon.
I am also looking forward to graduating from my current studies. I know for sure I want to become a leading young voice in the promotion of small and medium enterprises, but at the same time, I do not know where my passions will take me! Until then, I hope we can make 2021 one of the best years for the growth and promotion of the SMEs.
Thanks to everyone that made this competition and experience possible!
Thank you Pablo and congratulations on being a 2020 finalist! You can read Pablo’s essay and watch him present at the SME Assembly:
Keep coming back to the News Portal to read our interview with fellow finalist Georgina Whiteman and the 2020 winner Sabine Kerssens.
Catch up with the SME Assembly 2020 highlights:
At this year’s SME Assembly 2020 we met eight entrepreneurs who have been navigating the COVID-19 pandemic in their respective sectors and areas of expertise. In the Stories of Success session, they shared how they used their creativity to set up solutions for needs, pivoted their business and ultimately kept things going through the pandemic.
Make sure to watch their session to find out more and check out all of the work that they are doing!
Jan Dolezal from the Czech Republic pivoted his tourism business SmartGuide to answer the needs of digital tourism and safe travel for tourists in pandemic times. At SmartGuide they have been making it easier for tourist destinations to sign up and increase their digital offering through their ‘Smart Restart’ programme and get tourist destinations back on their feet.
Silyana Bojilova, got together with other entrepreneurial minds to start the WeCare Foundation in Bulgaria, to provide care packages and psychological support for families with children where parents have lost their main source of income due to the pandemic.
Karsten Kossatz from Germany set up his initiative Helfen.Berlin, a platform for small businesses to come together and offer vouchers for their goods and services for customers to redeem at a later date whilst they were forced to close during Germany’s lockdown. He first got his idea when he saw business owner friends worrying about how they were going to survive throughout the extended closure.
Zsigmond Kovari, from Hungarian company Linistry shared the story of their queuing app and their win at the EUvsVIRUS hackathon with their innovative idea to apply their technology to make supermarkets safer and create a virtual queuing system. Linistry has also worked in collaboration with an airline to create virtual queuing for boarding gates and help observe social distancing.
Ursula Lavrenčič, CEO of KOBI Helps Children Read, told us about making the KOBI online learning app more accessible during the pandemic and lockdown in particular to ensure that children with learning difficulties were still able to keep learning from home. To show solidarity, KOBI momentarily made their app free to help parents with dyslexic children and to support them.
Soren Lex from plasticpreneur, explained how his business that creates plastic chips and pushes using recycled plastic to create a variety of products, turned their expertise and existing specialist machines to making face masks, shields and other protective equipment during the pandemic as they can produce it much faster with their technology. They also shipped out production kits globally to help others produce large amounts of protective equipment at a rate suited to a global pandemic at local level.
Willemijn Schneyder, CEO of Dutch software company Swipeguide explained how during the pandemic they offered their pro intuitive SaaS platform services for free for up to 6 months for manufacturing companies that were ‘giving back’ by donating or producing essential products throughout the first months of the pandemic.
Marco Witzmann from ValiSpace, a cross border engineering company operating from both Germany and Portugal, spoke about how they offered their remote engineering suite to companies producing ventilators, helped the healthcare industry get their product design teams organised and supported universities and other institutions with their knowledge and resources.
Don’t forget to watch the SME Assembly 2020 highlights and head on over to our YouTube channel to watch the different sessions, available now!
This year at the SME Assembly 2020 the European Enterprise Promotion Awards (EEPA) joined forces with the European Small and Mid-Cap Awards to bring you a bigger awards ceremony with more outstanding projects and initiatives to highlight.
The European Small and Mid-Cap Awards aim to promote best practices and to highlight the best European Small and Mid-Sized Companies that have gained access to capital markets via an Initial Public Offering (IPO). They showcase the diversity of European markets and aim to promote stock listings, in particular targeting SMEs and growth companies.
2020 marked the eighth edition of the European Small and Mid-Cap Awards which took place alongside the EEPA online at the first virtual SME Assembly on Monday 16 November.
The winners of the 2020 edition are as follows:
International Star: Diaceutics
Rising Star: Fodelia
Star of Innovation: Frequentis
Star of 2020: Izertis
Special Mention: Lighthouse
Congratulations to the 2020 winners!
Watch the full ceremony and re-live all the winning moments right here:
For more information on the 2020 winners, please visit the European Small and Mid-Cap Awards website.
You can also follow the European Small and Mid-Cap Awards on Twitter.
The second and final day of the SME Assembly 2020 was opened by Shona Murray, who brought together all of the conclusions and thought provoking ideas from throughout Day 1 and entered into conversation with renowned economist Maja Göpel.
In her keynote speech, Maja Göpel stressed how humanity plays a huge factor in economic success and the wellbeing of our planet, and the impact that humanity has had as a changing force on the entire planetary earth system. She also highlighted the need to ‘build forward’ rather than look to ‘build back’, which will require us to re-define where we want to go and put our purpose first.
In the session on intellectual property rights (IPR), our speakers made IPR accessible to all, explaining that IP is much more than just protecting but also about creating opportunities for innovation and growth. The theme of innovation was continued during the ‘Stories of Success’, a showcase of entrepreneurial individuals who use their expertise and companies to innovate during the crisis and provide useful products and services.
A high-level roundtable of experts, including DG GROW’s Kristin Schreiber, came together to discuss the impact of COVID-19 and specifically challenges and opportunities for SMEs, as well as what the future of policy making should focus on. Speakers touched on the importance of solo entrepreneurs, their contribution to societal cohesion and the need to sustain entrepreneurial diversity, as well as the importance of SMEs and how their survival determines Europe’s survival during this crisis. Other conclusions included the need to overhaul current thinking and a system that does not necessarily honour honest people.
Concerns about the current the current liquidity crisis being a pre-cursor for a solvency crisis for SMEs were shared during the presentation from the OECD and the European Commission. Among the main challenges for businesses going forward are labour costs, debt accrued during the peak of the crisis, and financing conditions in general, which all have a sizeable impact on the expectations for the year ahead.
Expert discussions around re-thinking value chains revealed that what SMEs need during the COVID crisis is reliability and transparency, and that the key focus areas when re-designing these chains should be: connected, automatic and electric vehicles, hydrogen technology, smart health, low carbon industry, industrial IoT and cybersecurity.
Our youth finalists for this year’s essay competition, Georgina Whiteman, Pablo Pastor Vidal and Sabine Kerssens took the floor with their ideas, whilst delegates listened to their speeches and voted. Young innovative engineer Sabine was crowned this year’s winner, as her ideas on cross-border collaboration and inclusive innovation spoke most to the delegates who selected her in the live vote. Well done Sabine!
So where do we go from here? The closing session highlighted the importance of continuing forward and not searching to simply return to the status quo. Closing speakers also impressed the need to recognise and support the strong societal role that our SMEs play and to start taking concrete steps. It is time for us to hand the SME Assembly torch to Slovenia, where hopefully next year we will be able to have the SME Assembly 2021 in person, and continue discussions on building a sustainable and resilient future together.
Catch up on moments and highlights from the SME Assembly 2020 on our YouTube channel:
The first day of the SME Assembly 2020 opened with an address from Minister Peter Altmaier, who reflected on the problems SMEs have faced during the COVID pandemic and emphasised that liquidity assistance has been provided efficiently so far but needs to continue. He also discussed the recovery plan for Europe and discussed the German government’s position, which supports investment related to climate neutrality and digitalisation.
The Assembly then gave the floor to Commissioner Thierry Breton who stressed the importance of SMEs in driving a sustainable and digital European recovery. He spoke about the SME Strategy and its significance as a tool in helping the EU achieve autonomy in strategic sectors. Commissioner Breton also spoke about the importance of fighting against late payments and the need to work on helping our SMEs become more resilient. In addition he touched on the importance of our Single Market, calling it one of our biggest assets and the need to keep our borderless markets open.
As part of the opening plenary our SME Assembly host Shona Murray interviewed Fiona Candon, Deputy President of Chambers Ireland and Matilda Mielind, Board Member of SMEunited.
Throughout the morning sessions, delegates learnt about the SME Envoy Network, about what it does and the crucial role it plays in making sure that the voices of small businesses are heard at national and EU level. The session on digital sovereignty highlighted the importance of developing collaborative attitudes and leaving behind the silo mentality. Over in the session on keeping businesses afloat during times of crisis, speakers stressed the need to focus on SME resilience and to focus the creation of recovery instruments on existing practice.
Opening the afternoon was the highly anticipated awards ceremony featuring the winners of the European Small and Mid-Cap Awards, and the European Enterprise Promotion Awards (EEPA). The highly coveted EEPA Grand Jury Prize was awarded to French Project Le Portail du Rebond, which has created a unique online platform for entrepreneurs to access all the different national services and bodies to help them get back on their feet and bounce back. Watch the EEPA winning moments of all of the deserving winners right here and consult the European Small and Mid-Cap Awards press release for more information.
After the excitement of the awards Nobel prize laureate Professor Joseph Stiglitz, gave this year’s Schumpeter Innovation in Enterprise Lecture. Professor Stiglitz spoke about the problems caused by the emphasis on markets without sufficient government regulation markets; the economic effects of the COVID pandemic and the effect of cutbacks in science budgets; the rise of the tech giants; the role of innovation in transforming our economic system from dependence on fossil fuels to renewables; and his hopes for the new US administration. More information about the 2020 Schumpeter lecture can be found here.
If you missed Professor Stiglitz at the Assembly you can now watch his lecture online:
Optimism characterised afternoon sessions on disruptive technology, circular economy and leadership. Innovators are often driven to create by the worst situations, technology and eco-friendly innovation are the way to environmental harmony, and leaders should not be afraid to be human to connect with their workforces.
Closing sessions offered insights into female entrepreneurship during the crisis, access to finance for SMEs and plans for support and what is in store for the future of the workplace. Themes of collaboration and ‘seeing a silver lining’ came through. Encouragement to see the pandemic as an opportunity to explore new working models, increasing access to resources for female entrepreneurs to help entrepreneurs overall and bringing EU tools to SMEs to help them prioritise digital transformation.
Day 1 of the Assembly was full, but it’s not over yet! Make sure to join us for Day 2 and follow the live coverage over on Twitter @EEPA_EU and don’t forget to use #SMEAssembly2020 for a chance to be featured on the event feed.
Haven’t registered yet? Last minute registrations are still possible but be quick! You can register here.
Nobel Prize winner Joseph Stiglitz says, “We need to transform our economic system from dependence on fossil fuels to renewables and to do that we need rapid innovation” and calls for a new partnership between the public and the private sector.
This year’s Schumpeter ‘Innovation in Enterprise’ Lecture was given by Joseph E. Stiglitz, Nobel Prize Winner and Professor at Columbia University.
Professor Stiglitz’s lecture covered topics such as the problems caused by the emphasis on markets without sufficient government regulation markets; the economic effects of the COVID pandemic and the effect of cutbacks in science budgets; the rise of the tech giants; the role of innovation in transforming our economic system from dependence on fossil fuels to renewables; and his hopes for the new US administration.
Speaking on the balance of markets and government, Professor Stiglitz stated that “in recent decades we’ve lost that balance under neoliberalism under the ideas of Thatcher and Reagan, we put all the emphasis on markets but without government, without government investment, without government regulation, markets don’t work well. In fact, we saw in the 2008 crisis how poorly they worked. The financial sector even though it was absorbing 8% GDP up from 2.5% of GDP, wasn’t allocating resources more efficiently, it wasn’t creating higher growth, it was creating more instability and so it was the absence of government regulating the market that led to the disastrous outcomes we saw.”
Professor Stiglitz also addressed the COVID pandemic, describing it as a ‘natural experiment’ of ‘historical proportions’. Speaking about the pandemic he went on to say that “it’s becoming a field for social scientists, for economists, for epidemiologists, as they study what kinds of actions led to controlling the pandemic and controlling the economic aftermath of the pandemic.”
He closed the lecture by speaking about Schumpeter and his vision of what a dynamic market economy was like.
“Thank you for inviting me to address you in this Schumpeter lecture, Schumpeter had a vision of what a dynamic market economy was like, it was a good vision, that dynamism leads to the flourishing of the human spirit.
That entrepreneurial spirit has the potential, as it has in the past raising standard standards of living for all, but we won’t live up to that potential unless we have the right balance between the government, market and civil society. A new social contract which embraces public investments, strong regulations, including on the environment, and the right rules. We are at a critical point in time, we are recovering hopefully from the pandemic or we will be in the not too distant future, we should have learned a lot of lessons and among the lessons are the importance of science, the importance of good institutions, the importance of global cooperation, the importance of innovation and as I emphasized those things which made for success in addressing the challenge of the pandemic I believe will also make for success in achieving long-term shared prosperity. “
Watch the Schumpeter Lecture in full:
Only a few more days until the SME Assembly 2020!
Don’t forget to register for the event in advance and get ready to enjoy the online event on Monday 16 November and Tuesday 17 November.
The SME Assembly always brings a variety of workshops, masterclasses, expert panels and roundtables as well as focused sessions with industry experts. In addition there will be an exciting awards ceremony where we will find out who the winners across the six categories of the European Enterprise Promotion Awards are, as well as the winners across the four categories in the European Small and Mid-Cap Awards.
In addition to what is on the programme delegates have the opportunity to register for ‘Virtual Worlds’ sessions featuring virtual reality used to create an immersive and inovative networking experience. These sessions have limited places and are filling up fast so make sure to register your interest with the SME Assembly Secretariat as soon as possible.
The SME Assembly 2020 is getting closer and still accepting registrations. Make sure that you don’t miss out on the online edition taking place from 16-17 November and register now to secure your place.
This year’s programme promises to be high-level and diverse with many famous faces such as Peter Altmaier, Minister for Economic Affairs and Energy in Germany, and Thierry Breton, Commissioner for Internal Market, and renowned economist Maja Göpel.
Here on the News Portal we have already introduced our distinguished 2020 Schumpeter lecturer Professor Joseph Stiglitz, and looked into the joint EEPA and European Small and Mid-Caps Awards ceremony. But what else is on the programme?
There’s truly something for everyone in the range of policy workshops and masterclasses that will be on offer, with topics ranging from SME’s leading the EU’s digital sovereignty to discussions about Women Entrepreneurs in times of COVID. As always, each session will see leading European experts convene to discuss the matters at hand from a specialist perspective. The highly anticipated Youth Essay Competition finals where our top three finalists will compete for YOUR vote will also be taking place LIVE as part of this year’s programme.
The SME Assembly 2020 will also offer networking opportunities, to ensure that the valuable conversations between delegates and the connections built throughout our Promoting Enterprise community are not lost. Make sure to register as soon as possible to secure your chance to network in dedicated online spaces and sessions during this year’s Assembly.
In addition to traditional networking there will also be ‘Virtual Worlds’ available for a small number of Assembly attendees to experience an innovative and immersive networking session. These sessions will transport participants to other worlds and demonstrate how SMEs can use ground breaking opportunities that the digital and technology expanse offers for economic growth and resilience. In order to secure one of these additional limited places first, register for the SME Assembly event, then contact the SME Assembly Secretariat with VR Event as the subject line to register your interest. Please note that only registered delegates will be able to secure spots for the VR sessions.
Register for the SME Assembly 2020 and join us for THE event for SMEs and those who support them.
The SME Assembly 2020 is getting closer and we are here to bring you a closer look at this year’s exciting and high-level programme. Have a look at the full programme here and don’t forget to register for the SME Assembly before it is too late!
Every year at the SME Assembly delegates have the chance to watch the best projects from across Europe and COSME countries be awarded for their efforts and work in the areas of enterprise and entrepreneurship. This year the SME Assembly is proudly hosting not one but two awards ceremonies, the European Enterprise Promotion Awards and the European Small and Mid-Cap Awards, where the most innovative projects in our Promoting Enterprise community are recognised.
The European Enterprise Promotion Awards – EEPA
The EEPA reward those who promote entrepreneurship and small business at the national, regional and local level through a variety of initiatives spanning six individual categories. Winning projects are chosen via a series of rounds including a national competition, a European competition to determine the shortlist and finally an awards ceremony where the prestigious EEPA jury reveals their top choices per category and their selection for the Grand Jury Prize. Find out more about the EEPA 2020, discover the projects competing on the shortlist and don’t forget to join us for the EEPA 2020 finals at the SME Assembly 2020.
The European Small and Mid-Cap Awards
This year the SME Assembly will also be hosting the finals of the European Small and Mid-Cap Awards, which promotes best practices and encourages more small and medium-sized enterprises (SMEs) to access capital markets via IPOs. Running since 2013, the awards recognise SMEs across four different categories: International Star, Rising Star, Star of Innovation and Star of the year. Find out more about the projects shortlisted for the 2020 finals and don’t forget to secure your place at the ceremony to find out who the 2020 winners will be.
More about the SME Assembly 2020
The SME Assembly 2020 will feature a combination of high-level panels and interviews, expert roundtables, interactive workshops, informative masterclasses, and innovative networking opportunities to help answer the difficult questions facing our community post-COVID. Top speakers include Nobel Laureate Professor Joseph Stiglitz, Commissioner Thierry Breton, Federal Minister for Economic Affairs and Energy Peter Altmaier, and the distinguished economist Dr. Maja Göpel.
Register for the SME Assembly 2020 here.
As you are probably already aware, U.S. economist and Nobel laureate Joseph Stiglitz will be delivering the Schumpeter ‘Innovation in Enterprise’ lecture at the SME Assembly 2020, to be held online on 16 and 17 November during European SME Week. This promises to be a riveting address, so if you haven’t already saved the date, make sure to do so immediately. Ahead of the Assembly we are publishing a short introduction to Mr Stiglitz and his work on the Promoting Enterprise News Portal.
Joseph Stiglitz is an American economist, public policy analyst, and a professor at Columbia University. His CV is formidable – he is a former senior vice president and chief economist of the World Bank and a former member and chair of the US president’s Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University, where he has been a faculty member since 2001.
Stiglitz has also served as chair of the international Commission on the Measurement of Economic Performance and Social Progress, appointed by President Sarkozy of France, and currently serves as co-chair of its successor, the High Level Expert Group on the Measurement of Economic Performance and Social Progress. In addition, from 2011 to 2014, Stiglitz was president of the International Economic Association (IEA).
In addition to his impressive work Stiglitz is the recipient of a long list of international awards. Chief among these are the John Bates Clark Medal, which he was awarded in 1979 by the American Economic Association, and later, in 2001, he was recipient of the Nobel Memorial Prize in Economic Sciences. Stiglitz received the Nobel Prize along with George Akerlof and Michael Spence for their analyses of markets with asymmetric information.
The economic theory of asymmetric information proposes that an imbalance of information between buyers and sellers can lead to market failure. Analysis of these markets looks at questions such as why interest rates are often excessively high on local lending markets in Third World countries, or why rich landowners don’t bear the entire harvest risk in contracts with poor tenants.
Stiglitz and his co-laureates proposed a common explanation and extended the theory, augmenting it with the realistic assumption of asymmetric information: agents on one side of the market have much better information than those on the other side – tenants know more than landowners about their work effort and harvesting conditions, for example. For more information on markets with asymmetric information, check out the Nobel Prize site.
Stiglitz is also the author of several books, most recently The Price of Inequality: How Today’s Divided Society Endangers Our Future. His other books include People, Power, and Profits; The Great Divide: Unequal Societies and What We Can Do About Them; Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity; and Globalization and its Discontents.
Don’t miss out!
In 2011, Time magazine named Stiglitz as one of the 100 most influential people in the world. Delivered by such a formidable keynote speaker, the Schumpeter ‘Innovation in Enterprise’ lecture at this year’s SME Assembly is a not-to-be-missed event that promises to be full of valuable insights for innovative businesses.