Tag ‘access to finance’
CUBESPACE, an SME from the Czech Republic, has been building schools, family houses, sport halls and hotels using the modular building system. In 2017, the company decided to expand and produce rental fleet containers. As CUBESPACE Managing Director Martin Kokta makes clear: “We wanted to start cooperating with foreign investors who want to rent property in the EU. CUBESPACE builds and remains the owner of these buildings (usually offices), and rents them to investors.”
To invest in more properties and attract more investors, CUBESPACE needed a loan.
Equa Bank offers a range of retail and corporate banking services. The bank agreed to lend CUBESPACE Kč35 million (ca. €1.4 million), 50% of which was guaranteed by COSME, the EU programme established to help small and medium-sized enterprises (SMEs).
Thanks to this, CUBESPACE increased its production by half, doubled its number of employees, started 2-shift production and gained access to a wider client pool.
The loan was possible based on a 2016 agreement signed between Equa Bank and the European Investment Fund (EIF). This agreement will allow Equa bank to provide Kč1.8 billion (ca. €66.5 million) in loans to Czech SMEs over 2 years.
Take it from Cubespace, the agreement brings results. As Equa Bank’s Head of Business Banking Department Vojtěch Záškodný explains: “We have provided loans to about 75 SMEs, backed by the COSME Loan Guarantee Facility so far. Many of the clients would not have reached the requirements had it not been for the guarantees provided by the EIF.”
Businesses can contact selected financial institutions in their country to access EU financing: access to finance website.
Read the original article on the COSME website.
I started Ekapici because I love e-commerce. We are currently the only online takeaway ordering service in Turkey that delivers orders in 30 minutes and that has low minimum delivery costs. We save people time and money. We have just secured investment to expand in İzmir, and we hope to set up franchises in Ankara and Istanbul within the next three years.
If I were in charge of start ups and SMEs, I would ensure that they had access to decent investment so they could make their dreams happen.
“Entrepreneurs like me are important to society because we innovate; we help construct the national economy and create a broad vision for our country.”
Hero(es): Hakan Bas
Start up capital: Family and bank
Growth rate p.a: 100%
Can you code?: No
Education / Training: Mechanical Engineering
Product / Service: Online takeaway services
In April 2014 participants at the LOGIN Startup Fair were presented with innovative business ideas from 54 startup teams, 40 of which presented their products at the event.
The representatives of 24 venture capital funds and seven start-up accelerators, who were looking for new talent in Lithuania, attended the event. Among the guests were Europe’s largest venture capital fund Balderton Capital, Israel’s largest venture capital fund Pitango Venture Capital and investors that have already invested in start-ups founded by Lithuanians such as Wellington Partners and Intel Capital.
The “Matchmaking Area” saw 229 one-on-one meetings take place between investors and start-ups during the two days of the event.
Rimante Ribačiauskaitė, Project manager, Enterprise Lithuania, email@example.com, +370 618 0605
A record number of 31 countries entered the 2014 EEPAs. 22 projects from 15 countries – Austria, Bulgaria, France, Germany, Hungary, Italy, Lithuania, Malta, Netherlands, Poland, Portugal, Serbia, Spain, Turkey and the UK – were shortlisted during the jury meeting held earlier this summer.
Commenting on the shortlist, Ferdinando Nelli Feroci, the newly appointed Commissioner for Industry and Entrepreneurship, stressed the creativity and imagination used to produce these outstanding results. He said it proves exactly why harnessing and celebrating the entrepreneurial spirit is so important to driving the growth of European business. He believes that the 22 shortlisted projects will inspire and encourage young people and women especially, to choose entrepreneurship as a viable career path.
Shortlist for the 2014 European Enterprise Promotion Awards
Category 1: Promoting the Entrepreneurial Spirit
Austria: AplusB build! Start-Up Centre’s two main goals are to promote entrepreneurship as a career option and stimulate entrepreneurship by providing coaching, training and financial support for innovative start-up projects in the Carinthia region. Their goal is to support 8-10 new start-up projects each year, and the initiative has already funded more than 95 start-ups, with over 90 per cent of these companies trading successfully.
Responsible organisation: build! Gründerzentrum Kärn GmbH
Organisation website: www.build.or.at
Hungary: Encouraging Business Start-ups by Mothers with Young Children helps mothers to acquire the entrepreneurial skills and mindset to start a business and make it profitable. The project delivers online resources including a blog, Facebook page, e-learning training programmes and a weekly newsletter, as well as the Entrepreneurial Women’s Roundtable meeting to help mothers navigate the world of business and network with each other. The project also hosts the annual Mother Company of the Year competition and the Business Mums’ Conference.
Responsible organisation: Gazdagmami Kft.
Organisation website: www.gazdagmami.hu
Lithuania: Mobile Apps Laboratories is an initiative to promote entrepreneurship in information and communication technologies. Working in the four biggest Lithuanian education institutions, Mobile Apps Laboratories bring together young people with academics and industry professionals to deliver ‘App Camp’ during their bachelor, master or PhD dissertation works, with the objective of bringing innovative new products and services to the market. It also aims to increase the number of women starting businesses in information technology.
Responsible organisation: App Camp, JSC
Organisation website: http://www.appcamp.lt/
Netherlands: International Business College 20:80 Learning is an entrepreneurial programme for students in secondary education. The young students complete the standard Dutch secondary school course in four days per week (80%) and during the remaining time (20%) they have an International Business College (IBC) day where they set up and run their own business. There are currently 10 active IBC schools and 350 students involved in this education programme.
Responsible organisation: International Business College
Project website: www.20-80learning.nl
Category 2: Investing in Entrepreneurial Skills
Bulgaria: Brandiko educates students on how to build a brand and register the brand as a Community Trade Mark. Students establish training companies and are mentored on how to build and manage their own brand, market the brand and use it to increase sales. Pupils also learn about the importance of intellectual property protection. More than 1,700 students have completed the Brandiko programme.
Responsible organisation: Ministry of Economy & Energy
Organisation website: www.mi.government.bg
Germany: BRENNEREI Next Generation Lab enables master’s students and graduates to learn and develop new entrepreneurial approaches. Together with professionals from the science and creative industries, scholars work full-time in inter-disciplinary teams to solve the real problems of companies or public entities. The activities include analyses and finding novel approaches that are socially relevant in the areas of communication, product design, and use of new media. Approximately 60 applications from all over Europe have been received for the 2014 scholarship.
Responsible organisation: WFB Wirtschaftsförderung Bremen GmbH
Organisation website: www.wfb-bremen.de
Project website: www.brennerei-lab.de
Serbia: Western Balkans Business Challenge is a unique competition for high school students from Serbia, Croatia, Bosnia and Herzegovina and Montenegro. In mixed teams (4 students from each country), they compete to provide the best business idea for the challenge put before them. The initiative develops entrepreneurial and financial skills and motives the students to think proactively. At least 1,500 students and 200 business community representatives have participated in the competition so far.
Responsible organisation: Junior Achievement Serbia
Organisation website: www.ja-serbia.org
UK: Primary to Professional (P2P) engages primary and secondary school pupils introducing them to important entrepreneurial skills including creativity, innovation and risk taking and leads to a specialist enterprise academy for start-up businesses. This has developed into supporting business start-ups with the first Start up Weekend in Wales and the new Tech Hub for new Tech Entrepreneurs. More than 4,000 secondary school pupils have taken part in Young Business Dragons and enterprise is now embedded in a number of educational institutions across Swansea.
Responsible organisation: Gower College Swansea
Organisation website: www.gowercollegeswansea.ac.uk
Category 3: Improving the Business Environment
Austria: Sources of Strength has five clear objectives to improve the manufacturing economy in the Murtal-Murau region. These include building a sustainable image of the industrial/manufacturing economy, positioning this sector as an attractive employer, strengthening the integration of businesses in the region and developing an industrial tourist product and launching this into the tourism market. Since its inception, 61 leading companies have come together to strengthen the integration of industry and trade services in the region.
Responsible organisation: Industrie- und Wirtschaftsentwicklung Murtal GmbH
Project website: http://kraft.dasmurtal.at
Italy: Grow and Compete with Business Network Contracts promotes and disseminates a business contract culture and to support companies interested in setting up business networks, particularly to facilitate internationalisation processes and increase competitiveness in foreign markets. The project includes a training phase and a customised support phase for businesses expressing an intention to aggregate through network contracts. So far, the project has led to 12 network contracts being finalised, involving 50 businesses.
Responsible organisation: Unioncamere Emilia-Romagna
Organisation website: www.ucer.camcom.it
Spain: Start-up in 3 is a technology platform that streamlines and simplifies business creation and business start-up procedures, linking existing platforms through a single point of access and connecting all the Local Authorities in Spain. The aim of the project is to reduce the time between the establishment of the company and the time it takes for the enterprise to become operational to just three days which is achieved by registering the enterprise through a cloud-based system.
Responsible organisation: Ministry of Finance and Public Administration (MINHAP)
Organisation website: www.minhap.es
UK: The Sharp Project has converted a redundant distribution centre into a media hub for over 60 companies, including those specialising in digital content production, digital media and TV and film production. It is where space, power, connectivity and people converge in the inspiring surroundings to develop careers and compete on a global stage. The aim of the project is to reduce barriers that prevent creative and digital businesses from growing, creating work and generating wealth.
Responsible organisation: Manchester City Council
Project website: http://www.thesharpproject.co.uk/
Category 4: Supporting the Internationalisation of Business
France: The French Label Living Heritage Company focuses on quality assessment and is awarded by the French Government to distinguish companies with excellent craft and industrial skills. Recognised businesses are characterised by a long trading history, innovation capabilities and rare know-how that has helped establish their reputation. Since 2005, the label has been awarded to 1,157 companies, who account for 53,000 jobs and more than €11 billion in cumulative turnover.
Responsible organisation: French Government
Organisation website: http://www.dgcis.gouv.fr/
Italy: Mirabilia: European Network of UNESCO Sites links together areas of common historical, cultural and environmental significance for the first time. The project is aimed at creating a network of places recognised by UNESCO as World Heritage sites, but which are lesser known to Italian and international tourism, with the aim of promoting them in a co-ordinated and organised way to Italian and foreign tourists.
Responsible organisation: Matera Chamber of Commerce, Industry, Crafts and Agriculture
Organisation website: www.mt.camcom.it
Project website: www.mirabilianetwork.eu
Netherlands: Get in the Ring is a worldwide platform for start-ups to raise capital. It brings together the most promising entrepreneurs from around the world and gives them a chance to secure an investment of up to €1,000,000 by pitching in front of prominent international investors. There have been 1326 participating start-ups attracting over €6million in investments.
Responsible organisation: Erasmus Centre for Entrepreneurship
Project website: www.getinthering.nl
Category 5: Supporting the Development of Green Markets and Resource Efficiency
Malta: EU LIFE+ Investing in Water is aimed at identifying water saving measures amongst best practice enterprises, disseminating this information to others and supporting their implementation. The project is focussed on sharing information through face to face meetings, printed materials and an interactive CD, workshops and via the website. The project has identified 26 best practice enterprises and saved an estimated 141 million litres of water per annum.
Responsible organisation: Malta Business Bureau
Organisation website: http://www.mbb.org.mt/
Project website: http://www.investinginwater.org/
Portugal: AMS – Thinking Ahead set itself the challenge of becoming ‘the most efficient supplier of tissue on the Iberian Peninsula’, achieving this through innovation and differentiation. It has revolutionized traditional industrial processes by installing a pipeline connection to its pulp supplier; a unique alliance that has reduced CO2 emissions by 11,000 tonnes per year and generated significant competitiveness in external markets.
Responsible organisation: Agency for Investment and Foreign Trade of Portugal, Public Enterprise (“AICEP”) in partnership with AMS Gomà-Camps, S.A. (“AMS”)
Organisation website: http://www.portugalglobal.pt/PT/Paginas/Index.aspx, http://www.amspt.eu/
Turkey: Developing a Widely Applicable, Low-Cost Model for Clean Production in the Textile Finishing Industry is a pioneering project which develops models to reduce the quantity of raw materials used in the textile industries and promote sustainable production. The project has resulted in solid methodologies and processes that can be widely adopted and used by a multitude of manufacturing businesses at almost no cost.
Responsible organisation: Uludağ Textile Exporters Association (UTEA)
Organisation website: www.uib.org.tr
Category 6: Responsible and Inclusive Entrepreneurship
France: The Entrepreneurs Team helps young and unskilled people, including those excluded from school, to succeed in employment and autonomy. Offering teaching and coaching based on entrepreneurship, the project involves two main phases; a University Diploma in Business Creation which is accessible to the unqualified, followed by socio-professional support in conjunction with an entrepreneurship advisory body and a University. The project has supported 167 individuals; 23% have successfully created their own business.
Responsible organisation: Association Nationale des Groupements de Créateurs (ANGC)
Organisation website: www.groupement-de-createurs.fr
Germany: Wiesbaden Engaged – the corporate citizenship strategy of the city of Wiesbaden – promotes the social sense of responsibility of businesses and entrepreneurs in Wiesbaden. They have developed four key activities within the project; an annual day promoting social engagement, two long term projects promoting integration and employability, an award for engaged businesses to establish a local reputation and participation in a national corporate social responsibility networking and consultation project.
Responsible organisation: Municipality of the City of Wiesbaden – Agency for Social Work
Project website: www.wiesbaden.de
Poland: The Construction and Equipping of the Intramunicipal Vocational Rehabilitation Centre aims to improve employment opportunities for people with disabilities, particularly mental disabilities, enabling them to participate equally in society and in a professional capacity. The Rehabilitation Centre offers employment within eight departments including catering, laundry, garden maintenance, cleaning and hygiene, assembly/disassembly and recycling. Employees not only earn an income, but also receive training in vocational and social skills to encourage independent living.
Responsible organisation: Polish Association for Persons with Mental Handicap, Szczecin Branch
Organisation website: www.psouuszczecin.org.pl
Portugal: DO IT – The idea behind Portuguese Origin is a competition to use the experience, talent and dynamism of Portuguese emigrants to benefit their country of origin. Under the slogan ‘They think of it there, they do it here”, the project aims to select and promote ideas and support the realisation of social entrepreneurship projects which contribute to transforming emigration trends in an effective way for Portuguese society and the country as a whole.
Responsible organisation: Calouste Gulbenkian Foundation in partnership with the Ministry of Foreign Affairs
Organisation website: www.gulbenkian.pt
Preparations are being finalised for the the 2014 SME Assembly, taking place in Naples, Italy from 1-3 October, during European SME Week are very much underway. The theme of the 2014 conference will be “Growth Through Enterprise: The Opportunities Ahead”.
In 2014, there will be two new sessions:
Whether it is funding for research and innovation, support in accessing new markets, or exchanges for new entrepreneurs, the European Commission runs a variety of programmes to help SMEs set up, grow and take on new people. This session will tell the story of how EC programmes have helped European SMEs to grow into world class businesses, have encouraged would be entrepreneurs to follow their dreams, and have empowered women in the workplace. The audience will hear testimonials from entrepreneurs and managers of successful SMEs and startups and will be able to quiz them on the realities of building an enterprise in the 21st century.
Ever wanted to be an angel investor? This is a chance for the audience to become investors for the day and for local entrepreneurs to rehearse their pitch to investors. Just as in the real world, teams of start up entrepreneurs will present the case for financial investment in their idea. They will be quizzed by experienced serial entrepreneurs and then the audience will vote on which team they think would be worth funding.
Policy sessions and The Big Debate
There will also be a range of policy sessions based on topics such as “Access to Finance” with Ilja Laura, founder of GetJar. The “Entrepreneurship Forum” will feature live and recorded interviews with European entrepreneurs and managers of successful SMEs and startups along with testimonials from entrepreneurs that have benefitted from EU enterprise support programmes.
Throughout the SME Assembly, there will also be the annual exhibition “The Entrepreneur Expo,” which is a key focus for SME Week. Entrepreneurs from across Europe will gather to showcase their latest innovations.
One of the major sessions will be the Big Debate which is centred on the motion “Thanks to digital technology, everyone can become a successful entrepreneur.” Participants include Mike Sikorski, CEO of huggity and it promises to be a lively debate.
Adopted in June 2008, the Small Business Act for Europe (SBA) reﬂects the European Commission’s recognition of the central role that SMEs play in the EU economy. For the first time, it sets out a comprehensive SME policy framework for the EU and its Member States.
The aim of the Act is to improve the overall approach to entrepreneurship and permanently embed the ‘Think Small First’ principle in policy-making – from regulation to public service. The Act promotes SME growth by helping them tackle problems which hamper their development, particularly focusing on initiatives that help small businesses by:
• Cutting red tape
• Providing access to ﬁnance
• Increasing access to markets
Finally, the Act also aims to deliver a longer-term shift in attitudes – creating a greater awareness of the role entrepreneurs play in society and encouraging and inspiring potential new entrepreneurs.
Who is responsible for driving the SBA forward?
As part of a review of the Small Business Act, the Commission invited Member States to nominate a national SME Envoy to complement the role of the European Commission’s SME Envoy, Mr Daniel Calleja Crespo. Together with representatives of EU-level SME business organisations, the network of SME Envoys facilitates the implementation of the Small Business Act on a European level and in Member States.
An SBA spin-off: the EEPAs
The European Enterprise Promotion Awards support the aims of the Small Business Act by recognising innovation and rewarding the success of public bodies and public-private partnerships in promoting enterprise & entrepreneurship at a national, regional and local level.
Category | Grand Jury Prize
A special prize awarded to the entrepreneurial initiative considered the most creative and inspiring in Europe.
Think Small First – Introduction to Micro Companies in Latvia
The Latvian Chamber Of Commerce and Industry (LCCI) developed Think Small First to help bring Latvia out of the economic crisis.
The initiative has helped micro-enterprises by promoting the creation of a special tax rate and simplified tax accounting system. It has also introduced a micro-credit programme and has made information about launching a business available in one place.
The LCCI has played one of the leading roles in discussions held in the Latvian Parliament, the Saeima. This included initiating amendments of laws to enable implementation of the concept of micro-enterprises. Through support from the Ministry of Economy, the Saeima supported the Micro-Enterprise Tax Law, which came into effect on 1st September 2010. In addition, improvement of the regulatory framework is ongoing, thus providing support to the smallest enterprises.
As a result of this initiative, a total of 28,000 enterprises have utilised the simplified tax accounting system and the number of micro-enterprises in Latvia is continuing to grow.
Overall, the introduction of the concept of micro-enterprises in Latvia has helped to further the country’s rapid economic growth within the European Union and provide a favourable climate for small businesses to operate.
Lita Kokale, Head of Public Relations
Krišjāņa Valdemāra Iela 35
Category | Promoting the Entrepreneurial Spirit
Recognising actions that promote an entrepreneurial culture and mindset. Raising awareness about entrepreneurship in society.
MyCity, The Finnish Economic Information Office, Finland
The MyCity learning entity is a miniature city, built from mobile wall elements, and includes at least 15 different local and regional enterprises and public services. Students work within his or her own trade in the city and receive wages. They also act as consumers and citizens of the society. Approximately 70 pupils work at the same time at the MyCity site. MyCity, sponsored by the Finish Ministry of Education and Culture, operates in eight different municipalities and 24,000 sixth graders and 1,000 teachers have visited the sites.
Tomi Alakoski, Executive Director
Category | Investing in Entrepreneurial Skills
Recognises regional or local initiatives to improve entrepreneurial, vocational, technical and managerial skills.
Senior Enterprise, The Mid East Regional Authority, Ireland
Senior Enterprise is specifically designed to encourage a greater involvement with enterprise by those aged 50 and over and to raise awareness of their potential to start a business, acquire or invest in a business started by someone else, or to become a volunteer mentor. To date almost 1,000 individuals over 50 years of age, who have received support from Senior Enterprise in Ireland, the UK and France, have set up new businesses.
John Byrne, Director
Category | Improving the Business Environment
Recognising measures to simplify administrative procedures for businesses, particularly for start-ups.
Starters’ Agreement for Entrepreneurs
The Belgium Starters’ Agreement helps aspiring and existing entrepreneurs to succeed. Entrepreneurs enter into a starters’ agreement with the City of Ghent, Belgium, to draft a business plan, appeal for professional advice and specialist guidance, follow training and development courses and to continue the independent business activity for at least three years in Ghent. With this contract, entrepreneurs can receive support of a maximum of €5,000 for education, professional guidance and investment. All start-ups that have been established as independent enterprises in Ghent for less than two years can apply for a starter’s agreement. One of the most important objectives of the agreement is to increase the success rate of starting companies during their first years and to prevent failures. To date, a total of 171 starters’ agreements have received a positive recommendation by the evaluation committee, with 166 of these approved by the Council of the Mayor and aldermen.
Ria Dossche, Advisor
Category | Supporting the Internationalisation of Business
Recognises policies to encourage enterprises and particularly small and medium-sized businesses to benefit more from the opportunities offered by markets both inside and outside the European Union.
Portuguese Shoes: The Sexiest Industry in Europe, Portuguese Association of Footwear Industries, Components, Leather Goods and their Substitutes, Portugal
The Portuguese footwear industry exports more than 95% of its production to the most demanding international markets. In order to allow the sector to continue to take firm steps in a competitive international environment, the APICCAPS, a national business association, with the support of the Compete Programme, has taken various measures to promote Portuguese footwear. The current campaign has helped to promote around 120 SMEs at professional events all around the world. A campaign symbol for Portuguese shoes was developed using the slogan ‘Portuguese Shoes: Designed by the Future’. The image promotes a mark of quality and seeks to establish Portuguese Shoes as a sophisticated innovation. As a result of this strategy, footwear exports have grown more than 20% in the past two years.
Paulo Gonçalves, Director of Communication
Category | Supporting the Development of Green Markets and Resource Efficiency
Recognises policies and initiatives at national, regional or local level that support SME access to green markets and help to improve their resource efficiency through, for example, green skills development and matchmaking as well as funding.
The Town of Gürsu Developing with Unlimited Clean Energy, Municipality of Gürsu, Turkey
Key aims of the Town of Gürsu project are to increase the use of green energy in Gürsu to prevent environmental pollution caused by the use of fossil fuels, to save energy used for municipal services and to help socio-economic development of the town. Since the initiative began, four innovative applications have been configured, tested and applied. A photovoltaic solar energy plant was developed and Gürsu is now well-known for using clean solar energy in all of its service areas. The project aims to enable Turkey to take a leading role in renewable energy investments at both regional and national levels. Since the project began, Gürsu has obtained 40% of its electricity needs from the sun in the 5 months of winter and 100% in the 7 summer months.
Hüseyun Özmen, Strategic Planning Division Manager
Category | Responsible and Inclusive Entrepreneurship
Recognises regional or local actions promoting corporate social responsibility and sustainable business practices.
Integration of Disadvantaged People , AV Mobilita s.r.o., Slovakia
AV Mobilita s.r.o. is a sheltered workshop specialising in integrating disabled people into all areas of life. As a pilot organisation, it focused on car repairs and it now co-ordinates other sheltered workshops forming part of the Škoda Handy Disabled Persons Project in Bratislava, Prešov, Banská Bystrica and Žilina. It participates in the cultural, social and sporting activities of Associations of Registered Disabled Persons throughout Slovakia. The scheme has facilitated the smooth integration of disabled people into society through mediation of special-priced vehicle sales and through comprehensive theoretical and practical training of applicants seeking a licence to drive a car. In 2009, the workshop received an award from the Ministry of Labour, Social Affairs and Family of the Slovak Republic for the integration of disabled persons into the workplace.
Klaudia Valušková, Owner of Auto Valušek
Category | Grand Jury Prize
A special prize awarded to the entrepreneurial initiative considered the most creative and inspiring in Europe
Making enterprise a realistic option for the hard-to-reach
Outset, YKTO Ltd, United Kingdom
Outset is designed to show the unemployed that self-employment and enterprise is a realistic alternative to unemployment.
Specifically created to help the most vulnerable groups, including the long-term unemployed, recently redundant, under-25s, women, people from minority ethnic backgrounds, people with mental and physical disabilities and those who are over 50 years of age, the programme takes a unique approach to supporting start-ups. A national project that works in urban and rural settings, it seeks to change beliefs about the ability to start a small business.
The project ethos involves using support teams that often have similar challenging backgrounds, come from the same local areas and have had first-hand experience of being self-employed or running a business. Outset actively reaches, through all types of community spaces, from sports centres to Diwali and Chinese New Year festivals to find the people that will benefit most. This in-person outreach is reinforced by highly effective, targeted promotions including radio ads with direct response SMS facilities, quirky and enticing posters, postcards and flyers plus online and email marketing and lots of social media such as Facebook and Twitter. We use normal, jargon-free language.
Since the start of the programme, Outset has engaged with over 6,000 people. Of those, 673 have started a business, together creating 890 jobs. Outset Finance has helped its clients raise £790,258 from a variety of funding sources to either start or expand their business.
Most importantly, the businesses that Outset support do last: survival rates, particularly for women entrepreneurs, far outstrip national averages. Within disadvantaged client groups, conversion rates from engagement to start are approximately 1:5 and Outset’s new business survival rate after four years is over 80%.
Bev Hurley, Chief Executive
St John’s Innovation Centre, Cowley Road, Cambridge CB4 0WS, UK
Category | Promoting the Entrepreneurial Spirit
Recognising actions that promote an entrepreneurial culture and mindset and raise awareness about entrepreneurship in society.
Boosting women’s entrepreneurship by providing easy access to financing Women’s Co-operative Bank Ltd Women’s Co-operative Bank ‘initiative’ Ltd, Cyprus
The Women’s Co-operative Bank seeks to boost women’s entrepreneurship by providing easy access to financing. The organisation identifies gaps in the economy, promotes support programmes for female entrepreneurs and provides free advice and guidance, as well as loans, that are tailor-made to the needs of small business owners. Since the project began, women’s entrepreneurship has increased in Cyprus overall from 12% in 2001, to 28% in 2012.
Artemis Toumazi, Chairman/Director
Sinergatikos Organismos Protovoulias, Ginekon Kiprou Ltd, 30 Pavlou Valdaseridi Street, Branches 1-4, 6018 Larnaca, Postal Code 42251 6530, Larnaca, Cyprus
Category | Investing in Skills
Recognises regional or local initiatives to improve entrepreneurial, vocational, technical and managerial skills
Fostering knowledge transfer and digital visualisation
Visualisation Park, Sweden
Visualisation Park in Sweden focuses on the commercial application of digital visualisation technology. Using a business park model, the location in Eksjö offers a home to a cluster of businesses with expertise in this emerging field. They are gathered around Campus i12, which offers a range of vocational courses. 50 partner companies support the educational programmes and the Park provides a meeting place for educational environment and industry to identify and develop projects. Since it was founded in July 2009 the number of partner companies has more than doubled, to over 100. Most importantly, students’ attitudes shifted. More of them are now inclined to be entrepreneurs themselves, either by launching their own start-up or freelancing.
Joakim Falkäng, Manager
Visualisation Park, Kaserngatan 26, SE-575 35 Eksjö, Sweden
Category | Improving the Business Environment
Recognising measures to simplify administrative procedures for businesses, particularly for start-ups
Tackling difficulties faced by SMEs in urban areas
FaciliTO, Municipality of Turin, Italy
FaciliTO is a model that the Municipality of Turin adopted to tackle the difficulties that small enterprises encounter in struggling urban areas. Micro and small businesses in Turin have faced particular difficulty in accessing credit, which is often due to the absence of project expertise. FaciliTO attempts to meet these needs by providing free consultations to support the development of business plans as well as direct financial support. Over 200 businesses have accessed FaciliTO and 93 of them have received financial support.
Elisa Rosso, Servizio Fondi europei Innovazione
Sviluppo Economico, Via Braccini 2, Cap 10144, Turin, Italy
Category | Supporting the Internationalisation of Business
Recognises policies to encourage enterprises and particularly small and medium-sized businesses to benefit more from the opportunities offered by markets both inside and outside the European Union
Co-operating to bring Douro wines to the world
Douro Boys, Aicep Portugal Global, Portugal
A group of five small wine producers from the Douro region worked together to create the Douro Boys brand. Designed to exchange information and support each other to steadily improve the quality of the wines they produce, the group also aims to co-ordinate a marketing strategy centred on promoting the Douro region and its wines to the world. Between 2002 and 2011, the exports of wine from the five producers increased from €4.7 million to €11 million, an increase of 134%.
Jorge Holtreman Roquette, Administrator for Quinta do Crasto SA
aicep Portugal Global, Agência para o Investimento e Comércio Externo de Portugal, EPE
O’Porto Bessa Leite Complex, Rua António Bessa Leite, 1430 – 2o Andar, 4150-074 Porto
Category | Responsible and Inclusive Entrepreneurship
Recognises regional or local actions promoting corporate social responsibility and sustainable business practices
Supporting disabled people into the workplace, Disabled at Work, Denizli Municipality, Turkey
Disability is a major cause of social exclusion and poverty, primarily due to the lack of employment opportunities. Disabled at Work, a joint Turkish-Dutch project, seeks to change attitudes and support the integration of physically disabled people into the labour market. The group comprises 16 organisations from Turkey and the Netherlands. The projects provide training as well as a matching programme which offers disabled people mentors as they prepare to enter the workforce. At the end of the programme, 194 people had been trained and 65 were employed.
Ms Pınar GÜLMEZ AĞIRBAŞ, Director of Survey and Project Department
Altıntop Mahallesi Lise Caddesi No:1, 20100 Denizli, Turkey