The 2019 Global Entrepreneurship Summit (GES) is THE place to be for innovators, entrepreneurs and trailblazers from across five innovation sectors. Taking place from June 4-5 in the Netherlands, the GES 2019 will be focusing on Agriculture, Connectivity, Energy, Health, or Water, and is looking for transformative technological solutions in each sector.
This will be the first time that the GES comes to the European Union, and will be co-hosted by both the governments of the Netherlands and the United States of America. This 9th edition of this globally known event aims to drive global innovation and celebrate the free-market economy that supports jobs, growth, and transformative solutions to global challenges. It will also serve to build on strong transatlantic relationships and common values, promote economic growth, fair trade, and encourage investment in entrepreneurial activity that creates prosperity and jobs.
The event provides the ultimate networking opportunity for scale ups, innovators, entrepreneurs and investors to meet, discuss and ultimately innovate together to improve innovation across the five sectors.
Applications close on 30 January 2019 so if you want to be considered for a place at GES 2019 don’t delay and apply today!
For more details look at the GES 2019 application page.
Each month on the Promoting Enterprise blog, an Entrepreneur in Residence (EiR), give us an insight into his/her entrepreneurial journey. June’s entrepreneur is Kenny Ewan (UK). Watch his TEDx talk here and discover how his social enterprise helps others:
Do you want to make the world a better place? I do – and that’s why I helped set up a social enterprise called WeFarm. At WeFarm we empower farmers in the developing world (of which there are more than 500 million!) to both access and share vital agricultural information without needing any access to the Internet. We use SMS in a unique way that allows isolated communities to learn from each other peer-to-peer.
After an incredible first year of growth and success, with more than 58,000 farmers using our service already, my first few months of the this year have been spent trying to secure the investment needed to take us to the next stage.
During any funding round you have the opportunity to meet a wide range of investors – from angels to large VC firms, with investors from lots of different countries. This is particularly true for social enterprises like WeFarm, and I set out to pitch our business to both social impact investors and more traditional VCs.
Creating a compelling story that appeals to both social investors and more traditional VCs can be challenging for social businesses, but we were determined to convince people that our social impact is truly embedded within a great business model, and we were confident we can convince both sides of the investment world.
It’s been fascinating to see the differences in styles and interests between them. When I started, I assumed that we would have more opportunities with the social impact investors (for fairly obvious reasons). However, it’s been great to find that the opposite has been true and we’ve had a lot more advanced conversations with the more traditional VCs.
I think this shows something really exciting is happening: businesses with a strong social mission can interest traditional investors if the business case is right. More and more people are looking for business with a social purpose to invest in, and recognise that the returns can be even higher than average businesses.
However, being honest, the process has also highlighted for me some challenges with social impact investment, especially for more innovative businesses looking at very large scale projects. A lot of the conversations I’ve had with social impact investors have been guided by their need to put things in social impact boxes – to look at measurement and impact chains rather than big ideas.
Having spent my entire career (until now) in the international development field, I wholeheartedly agree with the importance of impact measurement and evaluation. But should this be the starting point ahead of new ideas and innovation that can’t easily be measured and put in boxes at an early stage? Ideally, of course, you need both, and I hope that slowly these two investment universes are starting to come closer together.
My advice to social entrepreneurs would be to urge you to not limit yourself in your view of what your social business is. Reach out to all the investors you can, make sure you have a compelling business model, and think big. Even as a social business, traditional investors might be best for you.
Kenny is CEO of WeFarm, a pioneering social enterprise, scaling a unique peer-to-peer knowledge-sharing platform for the 450 million small-scale farmers around the world with no access to the internet. After graduating from the University of Dundee, Kenny went to Peru in 2002 to work on sustainable development projects with indigenous communities. He loved the country so much that he decided to stay. In 2007, he became Peru’s Country Director for ProWorld Service Corps. This international development NGO specialises in projects for isolated, indigenous communities. He returned to the UK in 2009 to join the Cafedirect Producers Foundation (CPF) start-up team. He designed and managed all of CPF’s international projects across East Africa and Latin America.
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, firstname.lastname@example.org, +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.