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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

Towards industry 4.0: a unique pitching contest for Europe’s upcoming SMEs

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Are you a small fast-growing company working on Industry 4.0? The European Innovation Council (EIC) pilot’s SME Instrument invites you to pitch your business cases and ideas to top investors in the South Moravian Innovation Centre (JIC) in Brno, Czech Republic. Apply before 13 May!

On 12 June, a limited number of SME Instrument companies working in Industry 4.0 smart factory solutions will have the opportunity to pitch their ideas to investors and network with corporate representatives and other entrepreneurs in an exclusive event promoted by the SME Instrument Business Acceleration Services.

The event welcomes all innovative approaches to industrial automation and innovative manufacturing technologies. Prepare yourself to make a short pitch about your company (5 minutes), which will be followed by a brief question and answer session. If you are a Phase 1 or Phase 2 SME Instrument company with a solid international business strategy and are committed to participating in the event, we welcome you to apply.

Innovation is the best way to increase productivity and growth. Implementing industry 4.0 solutions and systems might generate enough momentum to ensure the EU’s position as a global manufacturing and industry leader. By enabling innovations across the entire value chain, start-ups and medium-sized companies are in a privileged position to tackle the new challenges posed by digitalisation and interconnection of products.

If you fit the description above then don’t miss out on this opportunity to join the next industrial revolution, and apply here until 13 May.

For more information on the competition, and to learn about similar events, read the full article on the EASME website.

Ideas from Europe – Wildcard candidates 2018

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Have you voted for your favourite Ideas from Europe wildcard candidate yet? Read on for a re-cap of all the wildcard candidates and be sure to make your voice heard before voting closes to get your candidate to the finals on 24 April in the Hague later this year.

 

Michalis Agapiou, Novelseas (Cyprus)

The Syndeseas Integrated Solution is an innovative tool, managed by a team of Shipping MRV Auditors. The tool is designed to support and facilitate the enhanced implementation of new and existing maritime regulations as well as help reduce emissions and the use of fossil fuels.

Watch the pitch here.

Mark Marinov, eCars.bg (Bulgaria)

eCars.bg makes electric mobility easy to understand, desirable and accessible. They produce and distribute EV charging stations, as well as own the largest online media for electric mobility in Bulgaria. In addition they spread their message through the production of a unique TV series featuring Bulgarian celebrities.

Watch the pitch here.

Martina Cvetković, Balmaris (Croatia) 

Balmaris uses a system to filter ballast water without the use of chemicals. This reduces the damaging effects of invasive alien species introduced via ballast water that are recorded in the seas all over the world and that are having considerable economic, ecological, and environmental impacts.

Watch the pitch here.

Radek Hušek, Sens Foods (Czech Republic)

Sens Foods is looking to use insects to create a whole new range of sustainable, next-gen food products. Using cricket flour, they have developed unique protein and energy bars – gluten and lactose free, with the highest quality protein from crickets and premium natural ingredients.

Watch the pitch here.

Margus Kullerkupp, Sol Navitas (Estonia)

Sol Navitas provides living quarters with natural fresh air with the help of solar energy. As a result global air is less polluted because the technology only uses existing solar energy that does not emit CO2 into the atmosphere.

Watch the pitch here.

Hugo Mercier, Rythm (France)

We spend a third of our lives sleeping, yet most people still know relatively little about sleep and its implications for our bodies. With Dreem, the breakthrough wearable technology that improves deep sleep quality, Rythm not only studies our sleep behaviour but actively enhances our deep sleep.

Watch the pitch here.

Sotiris Bantas, Centaur (Greece)

Centaur are passionate about food safety and enabling abundance. Created by an agronomy expert and software engineer, Centaur brings intelligent technology to history’s oldest industry, by keeping crops healthy and the world happily fed.

Watch the pitch here.

Priszcilla Várnagy, Be-Novative (Hungary)

To be engaged and to be creative, people need unusual triggers to create breakthroughs. Be-Novative invites corporate and individual users to a virtual brainstorming during which participants can find solutions to the world’s big problems or for everyday life situations, using the power of creativity and community.

Watch the pitch here.

Andrea Civra, Panoxyvir (Italy)

We spend nearly five years of our lives coughing and having clogged noses. The Panoxyvir spray is based on molecules produced by our body that have the ability to modify cell membrane composition, which can be used to cure colds and prevent the onset of symptoms.

Watch the pitch here.

Anna Ramata-Stunda, Alternative Plants (Latvia)

Alternative Plants is a biotech start-up that develops plant stem cell cultures for sustainable production of botanical ingredients. Plant stem cell technology is our tool to make inaccessible ingredients from rare medicinal plants accessible to all.

Watch the pitch here.

Violeta Masteikienė, FriendsJam (Lithuania)

Friends Jam is an organisation that connects big families with gardeners or arboretum owners. Together they collect the surplus berries and fruits from the year’s harvest. These are then used to either complement the existing food budget for a large family (allowing them to save for other items), or are made into jams which the families can then sell for extra money.  

Watch the pitch here.

Klaus Conrad, Easy Peasy Coding (Malta)

Easy Peasy Coding uses technology to make children think. Their programs include after-school and joint parent/child classes. The initiative also trains teachers, and provides schools with classroom-ready resources like student workbooks, as well as guidance on how to link coding to core curriculum subjects.

Watch the pitch here.

Artur Racicki, SEEDia (Poland)

SEEDiA creates products that gather solar energy. Their solar benches, stands and other products utilise the energy they gather to charge mobile devices (both with USB ports and wireless chargers), Wi-Fi hotspots, heated seats, radio, LEDs and screens.

Watch the pitch here.

Flavia Oprea, ENTy (Romania)

ENTy aims to empower Ear-Nose-Throat-doctors to issue data-based assessments. The solution consists in a lighter, portable, lower cost device that generates numerical indicators which are easy to interpret.

Watch the pitch here.

Tomáš Brngál, Virtual Medicine (Slovakia)

Every student of medicine has to pass an anatomy exam, which is considered to be one of the toughest. Virtual Medicine has the following mission: simplified and effective learning of anatomy. This was the reason for which they created the first virtual anatomical classroom, in which students are learning about anatomy using virtual reality.

Watch the pitch here.

Jernej Vidmar, AgiliCity (Slovenia)

Urban planning methods are completely obsolete and are practically the same as they were 100 years ago. That’s why AgiliCity is developing an innovative solution that moves urban planning to industry 4.0 standards, making it a lot smarter, more flexible and transparent.

Watch the pitch here.

Alejandro Badolato, Auto Drive Solutions (Spain)

Auto Drive Solutions (ADS) is specialised in the precise guidance and positioning of trains, automobiles and other vehicles. ADS develops innovative and disruptive positioning systems and developed a first prototype that has been successfully tested on the Madrid Metro.

Watch the pitch here.

Jonathan Burr, Howz (United Kingdom)

In the UK, 3 million people juggle paid work with caring responsibilities for the elderly. Howz brings peace of mind, by monitoring the elderly’s use of everyday objects, learning what’s normal and alerting the family when things look out of the ordinary.

Watch the pitch here.

Best of luck to all of the wildcard candidates with all of their innovative solutions and we look forward to finding out who will fill the last spot on stage at the Ideas from Europe finals in The Hague on 24 April 2018…

EEPA National Winners 2017 – Improving the business environment

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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

Italy: Progetto Manifattura – Polo Meccatronica

Netherlands: Innofest

Slovenia: Podjetno v prihodnost

Spain: Reempresa

Turkey: Business Friendly Uskudar Municipality

EEPA National Winners 2017 – Promoting the entrepreneurial spirit

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As the jury decision for the European Enterprise Promotion Awards (EEPA) shortlist draws closer it is time for us to meet all of the outstanding projects from across Europe that are competing on European level! Promoting Enterprise will be presenting all of the national winners that are being considered for the European shortlist as well as the categories that they are competing.

This week is the turn of Category 1: Promoting the entrepreneurial spirit, which recognises initiatives that promote an entrepreneurial mindset, especially among young people and women. In 2016 the prize was won by the entrepreneurship stronghold Lyon Ville de l’Entrepreneuriat from France.

This year there are 18 projects competing in this category and competition is fierce! Good luck to all the projects and we look forward to finding out who is on the EEPA 2017 shortlist!

Croatia: BUDI UZOR®/BE THE ROLE MODEL™

Cyprus: The Future in our hands:  Creating European entrepreneurs

Czech Republic: Jaudelam.cz

Denmark:
Fonden for Entreprenørskab som national, ansvarlig aktør for implementering af entreprenørskab i uddannelserne.

Estonia: Enterprise Village

Finland: Pikkuyrittäjät – Mini company program for primary school

France: Start’Up Lycée

Germany: BIRTH – Business Innovation Responsibility and Technology @Hansenberg

Greece: PATRAS Innovation Quest (Patras IQ)

Hungary: Startup Campus Program

Italy: 3D 4-Uman Technology is not uniquely human

Latvia: Information campaign “Support for entrepreneurs

Lithuania: KTU Startup Space

Romania: Doing innovative business based on advanced research and public communication

Serbia: Caravan of Youth Entrepreneurship

Slovakia: I will do it.sk

Turkey: Supporting Entrepreneurship, Skills and Future of Children and Youth Programme

United Kingdom: Made in North Tyneside

Digital innovation – The online safety tools of the future

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Digital innovation has led to several technological advances, born in the minds of innovative entrepreneurs who go on to bring their ideas to life. With an increasing number of us online, both socially and professionally, cybersecurity is an issue that affects us all, consumers and entrepreneurs alike. How can you protect yourself? What information do you need to safely reap the benefits of our digitally innovative world? Today, Promoting Enterprise looks into the development of fraud detection systems, accessible cybersecurity and remote incident response platforms.

The tendency for people to be creatures of habit is being put to good use in the cybersecurity industry, thanks to new identification software that uses typical login times and locations, keystroke dynamics and in-app behaviour to verify if someone is who they say they are. It’s one of a series of innovations being developed by European businesses keen to claim their share of a growing cybersecurity market. Analysts predict that global spending in cybersecurity will be well over EUR 100 billion a year by 2021, yet according to a 2016 report despite being the most trusted area globally when it comes to data security and privacy, the European industry is only growing 6% annually, compared to growth of 8 % for the market as a whole.

One of the aims of the European Cyber Security Organisation (ECSO) – the association implementing a cybersecurity public-private partnership set up by the EU in 2016 – is to create connections between industry players, national public authorities and users of cybersecurity solutions to identify priorities and increase collaboration in research and innovation. That connection – particularly between providers and end-users – is crucial if Europe is to grow the industry and take its place in the market. European businesses such as Czech-based cybersecurity firm ThreatMark (advanced fraud-detection systems developer) and German cybersecurity company Applied Security (apsec), could benefit from this connection which could manifest as business-to-business platforms and direct interactions between SMEs and potential clients.

With the development of the cybersecurity industry, there are still three areas to be addressed:

  1. Cybersecurity tools need to be considered as integral parts of computer systems. EU funded projects like CyberWiz, where users set up a model IT network and carry out various kinds of simulated attacks, allow for system development whilst exposing weak points and giving an overview of the network security.
  2. Skilled technical experts are important for the overall success of the industry, but especially in the small- and medium-sized sector. According to chief executive of Secon Cyber Security UK Robert Gupta, ‘In general, there is a lack of the right skills and when you are recruiting, technical experts in cybersecurity are very hard to come by’.
  3. The costs of implementing cybersecurity. Between the costly search for experts, their employment and the implementation and upkeep of a security system, many smaller businesses simply cannot afford this integral part of their online presence. However, EU funded project ConnectProtect could be the answer; a remote incident-response platform helping small- and medium-sized businesses to combat attacks and security threats – at a more reasonable cost. Through such a system and economies of scale for cybersecurity software licences, the total cost of security could come down dramatically for small businesses – perhaps by as much as 75 % per member of staff.

For more information: https://horizon-magazine.eu

Digital innovation is a key theme for this year’s SME Assembly 2017 taking place in Estonia, so stay tuned for more digital innovation content right here on Promoting Enterprise.

If you liked this have a read of: 2017 and beyond: How digital innovation will impact the world

Secret of Success – Petr Čížek (ZalozFirmu.cz o.p.s).

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Petr Cizek - ZalozFirmu.cz

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thanks to ZalozFirmu.cz, anyone wanting to form a business in the Czech Republic can now do so online for free, saving them considerable time and resources. Since we started in 2009, 5,000 businesses have been set up through our platform. Our ambition is to create a universal website which would allow SME entrepreneurs across the EU to form their new companies for free. I would have set up a business regardless of the internet, but its existence along with other digital technologies has made it relatively cheap to build and grow a successful business.

I would like to see a massive reduction in the administrative burden on small businesses and laws that are easily enforceable.

 

“Entrepreneurs are important to society because we identify business opportunities and realise them, thus creating value systems for the whole of society.”

 

Hero(es): My teachers and people who have inspired me

Start up capital: Own

Mentor(s): No

Can you code? No

Employees: 6

Education / Training: IT and Law

Product / Service: Online legal services

 

Find out more about Zaloz Firmu: http://cz.formcompany.eu/  

 

 

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