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Secrets of Success 2018-2019: Entrepreneurs of Europe – Connecting, Sharing and Innovating

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‘Secrets of Success’, the biennial brochure that celebrates entrepreneurial successes across Europe and COSME countries, is back with another cohort of innovative entrepreneurs.

The latest edition investigates the journeys that entrepreneurs from across Europe have taken, discovering their motivation, and recording their struggles along the way. In ‘Secrets of Success’ we showcase small and medium-sized enterprises in the European Members States and countries in COSME, Europe’s programme for small and medium-sized enterprises. The entrepreneurs come from wide-ranging sectors, and bring a great variety of experiences to this year’s edition. Despite their differences, they all share the following two values: ‘Learning from Failure’ and ‘Building your Best Team’. Through both struggles and successes, these entrepreneurs are examples of persistence, and highlight the benefits of connecting, sharing and innovating.

Read this year’s edition to learn from these entrepreneurs and allow their stories to inspire you on your own entrepreneurial journey.

Youth Essay Competition 2018 – Submissions closed

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Another year and another successful edition of the SME Week Youth Essay Competition. A big thank you goes out to all of this year’s participants for submitting your answers to “What steps should entrepreneurs and government take to become more innovative?”

This year we received submissions from 32 different countries, with the top three countries being Italy, Romania and Ukraine. We also received entries from other countries including Russia, Egypt, the Republic of Congo, Tanzania, Ghana, Algeria and Liberia. Unfortunately we can only accept submissions from citizens of COSME countries, but thank you for sending us your ideas!

So what happens now?

Now that the deadline has passed, the 2018 Essay Competition jury will deliberate and read through the entries to determine the top three submissions. These top three finalists will be announced right here on Promoting Enterprise and across all our social media, so stay tuned to all of our channels to find out who will be joining us in Graz for a live final at the SME Assembly 2018.

What could you win?

Each finalist will win an all-expenses paid trip to the SME Assembly 2018 in Graz, Austria, be given special presentation training before the event and finally have their essay and ideas promoted right here on Promoting Enterprise and across all our social media.

Follow our social media so you don’t miss any news about the competition:

Twitter: @EEPA_EU and @EuropeanSMEWeek

Facebook: @PromotingEnterprise

Instagram: @promotingenterprise

Previous editions of the competition:

2016: “What can the EU do to encourage more young people to become entrepreneurs?”

2017: “What skills do tomorrow’s entrepreneurs need?”

COSME helps modular building business go big

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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

Don’t delay and subscribe today! – SME Week Newsletter

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The European SME Week Newsletter, a one stop shop for entrepreneurial news, SME updates and the latest on the European Enterprise Promotion Awards (EEPA) and the SME Assembly.

This monthly publication is a chance for you to get an insight into Promoting Enterprise activities, particularly in relation to EEPA and the SME Assembly. Former EEPA winners and key figures from past Assemblies have been featured in previous newsletters and provide exclusive content, calls to action and updates for the publication.

The publication also features other updates from European SME Week across European and COSME countries, as well as new developments in SME policy and schemes.

Interested in the above? Or maybe you have something to contribute? Get in touch with us and don’t delay…subscribe today!

Read the latest edition here and consult past editions here.

Ready to grow with Enterprise Europe Network

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The Enterprise Europe Network is a support network that helps small and medium-sized business (SMEs) grow and innovate internationally. Active in over 60 countries worldwide, the network draws on the skills and services of 3 000 experts from over 600 member organisations to offer business support to SMEs.

Members of the network are varied and include: technology poles, innovation support organisations, universities and research institutes, regional development organisations and chambers of commerce and industry.

Today Promoting Enterprise will be showcasing one specific aspect of the Enterprise Europe Network, their extensive collection of SME Success Stories, which are all available on their website. These Success Stories come from across European Union Member States and COSME countries, and highlight the diversity of innovative businesses in need of financial and business support.

Have look through the Success Stories catalogue and look out for the individual companies across our social media!

Not following us yet? Head on over to Facebook, Twitter, Instagram and YouTube to stay up to date on all Promoting Enterprise activities.

Youth Essay Competition 2018 – Time to get writing!

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Calling all 18-25 year olds, the European Commission wants to hear your voice!  

The Youth Essay competition, organised by the European Commission Directorate General for Single Market, Industry, Entrepreneurship and SMEs, is launching for the third time and is looking for answers to the following question:

“What steps should entrepreneurs and government take to become more innovative?”

By taking part in the Youth Essay Competition you have a chance to share your thoughts and opinions with key policymakers and entrepreneurs on a European platform. Sound interesting? In order to win the prize of an all-expenses paid trip to the 2018 SME Assembly in Graz, submit an essay of no more than 2 500 words in English before 23 September 2018.

Don’t know what to write? Not sure where to start? Have a look at previous winning entries:

You can also have a look at the entries from the finalists:

To get started, read through the rules below, get writing and SUBMIT!

If you have any questions please contact smeweek@loweurope.eu.

Rules

  • The competition is open to all 18 to 25 year olds 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 23 September 2018
  • The three finalists will be announced in October ahead of SME Week and will compete at a grand finale in Graz as part of the SME Assembly, where they will present their essays
  • The final winner will be chosen via a public vote

Prize

  • An all-expenses paid trip to the SME Assembly in Graz, Austria for the three finalists, to present their essays to 500+ Assembly delegates
  • Presentation training before delivering essay live on stage at the SME Assembly 2018
  • Promotion of essays across SME Week social media channels

See Youth Essay Competition 2018 Terms and Conditions.

Follow us for competition updates on Twitter (@EEPA_EU and @EuropeanSMEWeek), Facebook and Instagram and be sure to follow and use the hashtag #SMEWeekYouth

SME Week Youth Essay Competition 2018 partners:

From waste to circular economy – ecoBirdy: A European Toy Story

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Supported by the EU’s programme for the competitiveness of SMEs (COSME), ecoBirdy will unveil its first collection of design furniture for kids made of recycled plastic toys at the trade fair Maison & Objet in Paris from 19 January.

The launch follows an in-depth two-year study period exploring how to sustainably recycle plastic toys. ecoBirdy has created pieces that are 100% made of recycled plastic waste and can easily be recycled again.

The Antwerp-based designers, Joris Vanbriel and Vanessa Yuan, have not only created design pieces, but a whole system from the collection and recycling of old, unused plastic toys to the design and production of the furniture.

It was essential to the founders that each step be based on social and environmental responsibility. An accompanying storybook and school programme has been designed to introduce youngsters to the circular economy and inspire them to contribute to a more sustainable future. The design, recycling and production of ecoBirdy furniture is all done in Europe.

“We found that plastic toys use plastic more intensively than other consumer goods: 80% of plastic toys end up in landfills, incinerators or in the ocean. By giving old plastic a new life, our aim is to free our ecosystem from its pernicious impact. As we use innovative technologies, made for the reuse of plastic, there is no need to add any pigments or resin.”

For the first collection, the designers have aimed to create pieces that enable kids to experience creativity and at the same time raise awareness of sustainability. All items are made entirely out of recycled plastic from European waste. Due to accurate sorting, cleaning and grinding during the recycling process, the plastic of all products is absolutely free from harmful chemicals. It is clean, pure and 100% safe. The whole collection is produced in Italy and includes a chair, a table, a storage container and a lamp.

The furniture will be available on the market from the end of January and can be ordered from the ecoBirdy online shop. ecoBirdy is one of the 10 projects funded under the EU programme for the Competitiveness of SMEs (COSME) 2016 Design-based consumer goods call.

Read the original article here on the EASME website. To find out more about other European sustainability and green projects, read about past EEPA entries in the Supporting the development of green markets and resource efficiency category.

SME Week Newsletter 2017: Issue #1

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Welcome and join us to celebrate the EEPA launch!

Nominations for the European Enterprise Promotion Awards open today (Thursday 23rd February 2017). The prestigious awards ceremony will take place this November in the Estonian capital, Tallinn, as part of the SME Assembly. Public bodies and public-private partnerships from across the EU Member States and COSME participating countries, will be competing for the coveted awards which go to the most imaginative and successful initiatives that support entrepreneurship and small and medium-sized enterprises (SMEs). This year there will be one minor modification to the award categories: the ‘Supporting the development of green markets and resource efficiency’ category will be suspended for one year, as the number of entries was consistently very low; we are using the time of the suspension to review the categories.

Therefore the five active categories for 2017 will be as follows:

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Find about more about the EEPA launch and other exciting things to come in the first issue of 2017! Read more >>

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