SME Assembly 2020 – Day 1

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.

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