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SME Week Newsletter 2019: Issue #8

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The SME Assembly 2019 might be over, but the conversation is still going!

This year the SME Assembly 2019 was an important contribution to the upcoming SME Strategy from the European Commission. During the Assembly delegates experienced the enterprising nature of Finland with a visit to Team Finland, and an entrepreneur expo throughout the event. In addition attendees of the Schumpeter lecture listened to a passionate Mariana Mazzucato give an inspiring lecture the importance of state finance, particularly patient finance and the importance of government support for SMEs willing to innovate. The following days of the Assembly brought delegates together to discuss, hack and innovate in support of the upcoming SME Strategy and provide valuable input for its creation.The results of the Assembly will be shared in the ‘Online SME Assembly’ LinkedIn group which is open to all delegates, speakers and stakeholders.

Be sure to watch the SME Assembly 2019 highlights, and follow us on TwitterFacebook and Instagram for the outcomes of the SME Assembly, upcoming EEPA winner interviews and exciting updates! Enjoy the newsletter and do not forget to submit your news, articles and updates to be featured in an upcoming issue.

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SME Assembly 2019 – Day 1

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The SME Assembly 2019 is underway! Day 1 got the event off to a fantastic start and was full of events and experiences for this year’s delegates.

Kicking things off was the SME Envoy meeting, which also featured discussions on the future of SME Policy, including presentations and speeches from Amazon and Sugartrends representatives. Whilst the SME Envoys were hard at work discussing the upcoming SME strategy, other delegates had the opportunity to visit Team Finland house for an exclusive tour and showcasing of Team Finland’s work. Team Finland consists of a Finnish SME network that benefits from a variety of services, ranging from advice services to funding. Delegates were treated to an insight into what the network provides, some of the participating companies, and a traditional musical performance from Lauri Schreck on the traditional Finnish kantele.

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Next it was time to properly open the SME Assembly with the European SME Week Reception at the Finlandia Hall. At the reception, delegates listened to Petri Peltonen, Under-secretary of state – MEAE, and Jyrki Katainen, Vice-President for Jobs, Growth, Investment and Competitiveness, European Commission, who shared ideas about the need to prepare SMEs for upcoming challenges like sustainability and skills shortages. The floor was then passed to Finnish music star Ida Elina, who delighted the delegates with her varied vocal and kantele repertoire.

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To close the evening, renowned thinker and academic Mariana Mazzucato from University College London gave the fourth Schumpeter Innovation in Enterprise lecture at the House of the Estates. She spoke of the importance of state finance, particularly patient finance and the importance of government support for SMEs willing to innovate. During her speech she challenged the audience to think about and approach innovation from outside of their comfort zone, and critically analyse current approaches to SME finance and to steer away from blanket SME policy.

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What’s in store for Day 2? Don’t forget to have a look at the programme, follow the live coverage on Twitter via @EEPA_EU, use #SMEAssembly2019 to be featured on the feed and check out the photos from Day 1 on Flickr!

Watch the SME Assembly 2019 highlights:

Meet the 2019 Schumpeter Lecturer – Mariana Mazzucato

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The SME Assembly 2019 is getting closer and it is time to meet this year’s Schumpeter Lecturer, Mariana Mazzucato! Read on to find out who she is and about her extensive work around entrepreneurship.

Who is Mariana Mazzucato?

Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), where she is Founding Director of the UCL Institute for Innovation & Public Purpose (IIPP). IIPP is dedicated to rethinking the role of public policy in shaping both the rate of economic growth and its direction—and training the next generation of global leaders to build partnerships that can address mission-oriented societal goals.    

She is winner of the 2014 New Statesman SPERI Prize in Political Economy, the 2015 Hans-Matthöfer-Preis, the 2018 Leontief Prize for Advancing the Frontiers of Economic Thought and the 2019 All European Academies Madame de Staël Prize for Cultural Values.  She was named as one of the ‘3 most important thinkers about innovation‘ by the New Republic, and is on The Bloomberg 50 list of ‘Ones to Watch’ for 2019. As part of her work, she advises policy makers around the world on innovation-led inclusive and sustainable growth including in her role as Special Advisor for Carlos Moedas, the current Commissioner for Research, Science and Innovation.

Mariana Mazzucato – The author

In addition to a prize-winning thinker on innovation, Mariana is also the author of two acclaimed books:

Her second book from 2018, which brings value theory back to the center of economics in order to reward value creation over value extraction was a 2018 Strategy & Business Book of the Year and was shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year prize.

This year’s Schumpeter lecturer is not only inspiring but very accomplished, which made us wonder, where does she draw inspiration from? What influences Mariana Mazzucato’s thinking? We asked her what her favourite book was and why to which she answered:

“My favourite book is ‘The Little Prince’ by Antoine de Saint-Exupéry. I love this quote in the book: ‘If you want to build a ship, don’t drum up people to collect wood and don’t assign them tasks and work, but rather teach them to long for the endless immensity of the sea,’ because it perfectly sums up how I feel about missions (where multiple state and private sector actors collaborate to achieve a shared mission) and the importance of mission-oriented innovation policy as the means to tackle societal challenges, which is the focus of my work at the Institute that I founded at UCL.”

To find out more about Mariana, her work and the Institute for Innovation & Public Purpose, be sure to visit be sure to visit her institute website and follow her on Twitter (@MazzucatoM).

To follow her Schumpeter Lecture on Day 1 of the SME Assembly 2019 on 25 November, make sure you are following @EEPA_EU & #SMEAssembly2019 on Twitter for live coverage and that you have subscribed to @PromotingEnterprise on YouTube to be notified when her lecture is available online.

Watch Mariana Mazzucato’s Schumpeter Lecture here:

SME Week Newsletter 2019: Issue #7

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We are getting closer to the event of the year…the SME Assembly! The prestigious SME Assembly 2019 is just around the corner and will be hosted by the Finnish presidency of the European Commission in Helsinki from 25 – 27 November 2019. Delegates from across the world will come together to hack policy, discuss enterprise and create the governance structure of the Small Business Act.

This year’s Assembly will feature renowned economist Mariana Mazzucato as this year’s Schumpeter Lecturer as well as a host of sessions on the most cutting edge topics for SMEs and the European enterprise ecosystem, on topics such as Sustainable Finance, the Future of jobs, Women in Finance, the Single Market and more.

One of the highlights of the Assembly will be the European finals for the European Enterprise Promotion Awards. 18 shortlisted projects will be competing for the six category prizes and the overall Grand Jury Prize, awarded to the project the jury feels has excelled in their contributions to the European enterprise ecosystem.

The Assembly will be both a physical and digital event with extensive coverage online brought to you by the Promoting Enterprise team. Make sure that you don’t miss out on any of the latest updates and check that you are following us on TwitterFacebookand Instagram to see what happens in Helsinki.

Don’t forget to keep visiting the News Portal for key updates such as the introduction of this year’s Schumpeter lecturer, sneak peeks at what this year’s Assembly has to offer and more! We hope you enjoy the newsletter and do not forget to submit your news, articles and updates to be featured in an upcoming issue.

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