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SME Week Newsletter 2018: Issue #3

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The future of European startup policy – Have YOUR say

Interested in finding out what the most innovative Europeans are up to? What about a chance to have your say in European startup policy making? Or perhaps you have an entrepreneurial project that deserves recognition on European level? You are in the right place!

In this edition of the SME Week Newsletter find out about the latest EEPA 2018 updates, the recent Ideas from Europe finals, an opportunity to contribute to EU startup policy and more.

Read on to find out more and don’t forget that we want to hear YOUR stories, so get in touch to see yourself featured in upcoming editions.

Read more >>

<< Previous Issue #19

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Ideas from Europe 2017 – Finalists

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Austria, Belgium, Denmark, Germany, Finland, Ireland, Luxembourg, the Netherlands, Poland, Portugal and Sweden are going to the finals of Ideas from Europe on April 24, 2018 in the Knight’s Hall in The Hague, the Netherlands. The jury found these ideas the most innovative and believe these will have the most impact on our society.

2017 SME Assembly: Ideas from Europe semi-finalists

The winners

This is what the jury, Kaupo Reede, Kristin Schreiber, Ulrike Rabmer Kollen and Cees Vermaas had to say about the ideas:

  1. Julien Penders of Bloomlife (Belgium): “If you are a mother the solution of Bloomlife will give you peace of mind.”
  2. Klaus B. Pederson of Too Good to Go (Denmark): “A practical solution to the second hand market of food.”
  3. Steffen Preuss of Ichò (Germany): “This solution is acknowledging the tremendous problem of dementia and provides a practical device that brings relief.”
  4. Fiona Edwards Murphy of ApisProtect (Ireland): “We need bees to make sure our food supply will last. This solution will help the bee population.”
  5. Aida Nazarikhorram of LuxAI (Luxembourg): “There is a big potential in technology that lets children interact more easily with robots.”
  6. Mark Offerhaus of Micreos (The Netherlands): “This solution is potentially a ground breaking alternative for antibiotics.”
  7. Artur Racicki of SEEDia (Poland): “The combination of something practical and modern that will help both us and the environment.”
  8. Francisco Duarte of PavNext (Portugal): “The combination of safety and energy has great potential.”
  9. Mervi Pänkäläinen of Mightifier (Finland): “This will really stimulate behaviour change and help children fight bullying.”

(Click on the links above to see the individual pitches)

The Jury have decided that due to them sharing a common objective and similar goals, but with slightly different target audiences, that the Speak Up solution from Sweden will share the stage with Mightifier from Finland at the finals in The Hague.

2017 SME Assembly: Ideas from Europe semi-finalists

The Jury also wanted to highlight another project and give it a special mention. Stefan Steinberger the semi-finalist presenting Refugee{code}, will also be joining the finalists at the Hague due to his solution being so relevant to the current refugee crisis.

Wildcard

From November 23 onwards, the wildcard vote for the last finalist will be open to the public. They will be able to vote online via http://ideasfrom.eu/vote for one of the other nineteen solutions that were not chosen by the jury.

The innovator with the most votes will then go on to join the other finalists in the Knight’s Hall in The Hague, The Netherlands on April 24, 2018.

To see photos from the Ideas from Europe semi-finale, please visit our Flickr. To see the whole competition, you can watch the video.

WATIFY Solution Award – Could you be the 2017 winner?

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The first edition of the WATIFY Solution Award will take place this year on 15-16 November in Copenhagen, Denmark, as part of the Global Finals of the Creative Business Cup 2017. The Award is looking to recognise the next innovative SME that has technological transformation at the core of its successful business. This SME should be an inspiring example for other European SMEs and encourage them to adopt digital and/or key enabling technologies.

All entries will be screened against a set of pre-defined criteria by WATIFY experts in the fields of innovation and technology. This screening will result in a shortlist of 5 finalists.

The finalists will then pitch their cases in Copenhagen before a live audience and a Jury composed of business executives and senior representatives from the European Commission (DG GROW), its Executive Agency for SMEs (EASME), the Creative Business Cup and WATIFY, will decide on the overall WATIFY Solution Award winner 2017.

The prize

The winner will:

  • Receive a 1000 euro prize
  • Have the opportunity to showcase their technological transformation in a promotional video
  • Be awarded a CBC/WATIFY Diploma certificate
  • Have opportunities to network with entrepreneurs and investors from across the globe

Who can apply?

European SMEs and entrepreneurs that have gone, or are going through, a high-impact and innovative technological transformation.

In particular, the Jury will be looking for a creative transformation that:

  • Innovates in terms of technology, product or service
  • Brings about change in the value chains of industry and inside the company itself and/or can inspire new business models
  • Shows unique value propositions
  • Has scalability potential.

The application deadline is 24 October 2017. More information on the WATIFY Solution Award can be found here.

Apply here.

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

The future of innovation and enterprise – What can we expect?

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Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark, is back for a final interview with Promoting Enterprise. Today the subject is the future, what does it hold for innovation and enterprise? What can we expect? What are the trends telling us? Read on to find out…

What trends do you see in innovation?

In Denmark specifically, the public sector is embracing innovation, which I see as a positive thing. Overall, user driven innovation is increasing, as consumers and users begin to play larger roles in development, and there is a shift from only research based innovation. The current trend is disruption of society as there is a need for innovation for us to advance.

What measures/steps are you taking to encourage digital innovation in Region Zealand?

In Region Zealand we currently don’t do enough and as such we are not a front runner in the digital space. In Denmark however there have been some steps towards pushing companies to work digitally and make that digital transformation. The Danish Business Authority (which takes care of company registrations and working in the Danish public sector) took the controversial decision to make it mandatory for all companies to digitally invoice if they wanted to work in the public sector. Initially there was a lot of resistance but overall it helped – and is still helping companies – to transition to the digital sphere. As such, Denmark has no physical paper trails for monetary transactions and the public sector is going fully digital. That is truly innovative.

As director for innovation and growth, what do you see as the future of enterprise?

The same situation can be seen across all the EU countries, the public sector is under enormous strain which has and will continue to be a catalyst and driver for innovation. This in turn will result in increased cooperation and further blurring of public and private divisions. This blurring of divisions also relates to how the idea of employment is changing and evolving, which is not to say it is negative, but simply means that new working models are beginning to emerge. I see the future of enterprise as no longer including the ‘employee’ concept, I think this will be phased out. It is not uncommon now and nor will it be in future to have multiple jobs or hybrid employment models, alongside an overall merging of individuals and companies.

What does the future of enterprise look like in Denmark? Do you think it is different to global trends or where the future of enterprise will go globally?

Denmark has always had a strong focus on creating a business environment conducive to startups and entrepreneurs. So far we have been successful, but we also need to change in order to stay competitive and innovative. The new focus now needs to be on helping startups to scale up. So the big question for us now is how do we scale up in Denmark? Perhaps a larger and certainly important question is, how do we scale up in the EU?

Innovation in large companies: CP Kelco, Region Zealand

If you enjoyed this insightful interview with Tue David Bak, be sure to read his other interviews right here on the Promoting Enterprise Portal.

First interview: Innovation – What is it and how can it be fostered?

Second interview: Startup Culture – Tue David Bak shares his insights and predictions

Startup Culture – Tue David Bak shares his insights and predictions

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Promoting Enterprise is proud to welcome back Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark. In his second interview with us, Tue sheds some light on startups, accelerators and incubators in Region Zealand and Denmark, current trends and the regional influences on startup culture.

Do you have many accelerators and incubators in Region Zealand? Are they successful?

In Denmark we have actually worked to avoid having too many regional accelerators and incubators, we prefer to have these bodies on a national level so as to keep them open to all Danish and even global companies. Global companies are not excluded from accessing our incubators and accelerators. As long as they have a Danish license and a physical presence in Denmark they can access all the resources. Through this openness we hope to facilitate a link between the Danish and global markets, thus making Denmark just as attractive as the Silicon Valley and other innovation hubs.

What trends are you seeing on the startup scene?

There is an increasing acknowledgement from startups that they do need help. The old idea of two guys in a garage doing everything on their own and not needing any support is starting to be replaced by the realisation that getting a startup to take off is difficult and that there a multitude of resources to draw from and that they are there for a reason. This links to another trend which is an overall change in mindset regarding partnerships. Similar to the collective realisation that they need help, startup founders are specifically beginning to value the need for partnerships with mentors, larger companies etc.

What trends are you seeing in startup culture? For example, does geography play a role?

Absolutely, just looking at the differences between Northern and Southern Europe is an illustration of the role of geography. I have more experience and expertise in Northern Europe, and overall I have seen that there is a strong entrepreneurial culture in Northern Europe, including acceptance of changes of career as a ‘normal’ part of professional life.

Even within countries geography is a big influence, a startup or company located in a rural area will not behave in the same way as an urban counterpart. Rural startups are more traditional working on the idea of being your own boss and are often less aggressive in their approach to scaling up. They are also more in line with the traditional Danish culture which means not standing out or drawing attention to yourself. In contrast urban areas are experiencing an aggressive growth of entrepreneurs.

Innovation in startups: Synchrotron-based microscopy at laboratory scale (Xnovo)

Tue David Bak will be back next week on Promoting Enterprise for his final interview on the future of innovation and enterprise and what Denmark and the EU need to focus on to stay competitive.

Read his first interview: Innovation – What is it and how can it be fostered?

Innovation – What is it and how can it be fostered?

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Today on Promoting Enterprise we are joined by Tue David Bak, director of Innovation and Growth for Region Zealand in Denmark. In the first of a series of interviews, he shares with us his experiences in identifying innovation and creating innovative environments.

How is innovation fostered in your region?

Firstly, we must identify how innovation takes place before talking about how it is fostered. Innovation takes place via two processes:

1. Internal innovation within companies and organisations

2. Public or other innovative institutions creating innovation frameworks

In this context, I am going to focus more on the second process, as this is where the region plays a role. In Region Zealand there are different schemes which establish innovation frameworks to encourage innovative behaviour, for which specific funds are set aside. For example, one of the things that we do at the regional level is to reduce the risk for companies that are willing to invest in innovative ideas. Currently the focus is on innovation in the healthcare system. The region has set aside funds so that investors are taking financial fewer risks, and, hence, willing make much investments that are much greater than expected in innovation.

We also run gap financing schemes through universities, which also aim at reducing the level of risk for potential investors. Our role as the region is to bridge the gap between research and commercial finance, which in many cases could stop a potentially innovative body of research from receiving the necessary support to grow and expand. One example is the company Xnovo, which began as a research idea developed at the Technical University of Denmark. Through the support provided with the gap financing scheme it has now developed into a commercial company with its own private employees.

What are the key aspects of an environment that encourages innovation?

There are three main elements required for an innovative environment:

1. Private and public risk capital

You need free money to finance risk taking

2. The ability for public institutions to purchase innovative ideas

Region Zealand has recently changed its internal procurement laws to stimulate innovation by incentivising public institutions to purchase novel ideas and technology.

3. Excellent advising systems

Companies and individuals require guidance when it comes to innovation, therefore it is necessary to have easy to use support systems in place.

Innovation in startups: 4D X-ray videos showing microstructure evolution (Xnovo)

In the case of Region Zealand, I believe that we have all of the elements above but simply not enough of each. We can strengthen the advisory and support systems that currently exist. We can increase our in-house purchase of innovative ideas. In the United States the small business administration had special programmes to acquire public contracts, which is something we can learn from and build upon. In Denmark certain requirements for companies, e.g. a three year track record, have been taken away in order to make it easier for new startups which would not fulfil this criterion. Taking away this type of requirement could make certain steps in the process of scaling up and establishment easier, for example access to funds and schemes. Removing barriers is absolutely key, you have to make it easy, to provide incentives and minimise the risk of purchasing innovative ideas.

Stay tuned for more from Tue David Bak on global innovation, where it will lead us, the future of enterprise and trends in startup culture.

European Innovation Scoreboard

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Ever wondered how innovative your country is? What about in comparison to its neighbours or overall in the region? The European Innovation Scoreboard is a European Commission initiative that provides a comparative analysis of innovation performance in EU countries, other European countries, and regional neighbours. It assesses relative strengths and weaknesses of national innovation systems and helps countries identify areas they need to address.

The Regional Innovation Scoreboard is a regional extension of the European Innovation Scoreboard, assessing the innovation performance of European regions based on a limited number of indicators.

European Innovation Scoreboard 2017

The 2017 edition of the Scoreboard presents a refined analytical framework. Rankings are therefore not directly comparable with previous editions, but time series using the new analytical framework allow performance to be tracked over time. New indicators capture investments in skills, digital readiness, entrepreneurship, and public-private innovation partnerships. In addition, a new toolbox with contextual data can be used to analyse and compare structural differences between countries.

The new scoreboard reveals that EU innovation performance continues to increase, especially due to improvements in human resources, the innovation-friendly environment, own-resource investments, and attractive research systems. Sweden remains the EU innovation leader, followed by Denmark, Finland, the Netherlands, the UK, and Germany. Lithuania, Malta, the UK, the Netherlands, and Austria are the fastest growing innovators.

In a global comparison, the EU is catching up with Canada and the US, but South Korea and Japan are pulling ahead. China shows the fastest progress among international competitors.

Interested in finding out more? Have a look at country profiles, an interactive online score board and find out who is leading innovation in Europe.

https://ec.europa.eu

EEPA – Improving the business environment

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We continue our showcase of the European Enterprise Promotion Awards (EEPA) shortlist with an introduction to the national winners competing in Category-3 – Improving the Business Environment. These three projects, each with their own specific focus, have in common the fact that they improve the entrepreneurial ecosystem in their respective countries – Denmark, Portugal and Slovenia. Two of the projects are based on a competition/award scheme, while the third is a co-working space that motivates young entrepreneurs.

konfetti-vinder-nsc-2016-copySo, in no particular order, the first in our list this week is Denmark’s Next Step Challenge (NSC). NSC is an ambitious European startup competition focusing on Smart Energy & Digitalisation and Sound & Home Integration. Ambitious startups are offered the chance to access a one-of-a-kind business development programme in direct collaboration with big corporations, SydEnergi and Bang & Olufsen. Along with EUR 250 000 in prize money, the winners are also supported by SydEnergi and Bang & Olufsen, who open up their organisations, share knowledge and strategy, and assist with product and/or business development. Check out their video!

The next project takes us to Portugal and the Leader SME programme, whichzmz_0083-edit annually rewards SMEs with the best financial performance and risk levels, as viewed by IAPMEI and Turismo de Portugal. The award offers public recognition of their successful growth strategies and competitive leadership, and winners benefit from more favourable conditions for accessing finance and other specialised business management support. In just eight years, the number of companies recognised has more than doubled from around 3 000 in 2008 to approximately 7 300 in 2015! Have a look at their video!

kikstarter-08KIKštarter was established to encourage young people in Slovenia to develop their entrepreneurial ideas. A co-working space in the deprived area of Kamnik, it provides entrepreneurs with a supportive environment and is home to 27 startups. The startups receive assistance and guidance in developing their ideas, have access to workspace, and participate in a series of motivational events. The project is contributing to the promotion of entrepreneurship to all residents in the area, which is undergoing regeneration, and helping to unlock the potential of the area and its people. The initiative has directly resulted in seven new businesses and at least as many new jobs with minimal financial investment.

Only one of these projects can be declared the ultimate winner in the category and, given the high standard of all three, the EEPA Jury is faced with a difficult choice. But choose they must, and their eventual choice will be revealed at the EEPA Awards Ceremony during the SME Assembly on 24 November in Bratislava, Slovakia, when the Grand Jury prize-winner will also be announced.

Don’t forget that you can still read about EEPA Category 1: Promoting the Entrepreneurial Spirit and Category 2: Investing in Entrepreneurial Skills national winners.

EEPA 2016 shortlist announced!

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mailchimp-banner-2016

In total, 343 National EEPA entries were received from 31 participating countries in 2016, which were then narrowed down by the national EEPA coordinators to 57 projects put forward for the European level of the competition.

At a meeting in Brussels on 27 September, the EEPA Jury drew up a project shortlist for each of the EEPA’s six project categories.  Let´s meet 18 shortlisted winners for EEPA 2016!

eepa-2016-shortlist
The winners are spread pretty evenly across Europe, with only Serbia featuring on the list more than once, with winning projects in the Promoting the Entrepreneurial Spirit and Supporting the Development of Green Markets and Resource Efficiency categories. We will present all of the shortlisted projects, category by category, on the Promoting Enterprise blog over the next six weeks.

The winner in each category will be revealed at the EEPA Awards Ceremony during the SME Assembly on 24 November in Bratislava, Slovakia, when the Grand Jury prize-winner will also be announced. All of the national winners will have their costs covered to send one representative to attend the SME Assembly, while shortlisted projects will be able to send two representatives.

Congratulations to all of the shortlisted projects – they are all worthy winners, and the EEPA Jury will have a difficult task in selecting the winning projects in each category. We wish them all the best of luck at the SME Assembly in November.

 

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