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SME Week Newsletter 2017: Issue #9

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Season’s Greetings


With the last edition of the 2017 SME Week Newsletter, we would like to extend our season’s greetings to all of our readers as well as: the EEPA 2017 winners, the SME Assembly 2017 delegates, all YEC participants and in particularly this year’s finalists: Pavle Kostic and Evlampia Karavangeli and winner: Oksana Vedmidska, the Ideas from Europe finalists and finally the European Investment Project Portal.

We look forward to having you back with us on the Portal in the New Year and wish you a successful year ahead.


<< Previous Issue #16


From Slovakia to Estonia – The 2017 review

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The end of 2017 draws nearer, so what better time to look back on the exciting year we are soon to leave behind us! The Promoting Enterprise News Portal has been lucky enough to host several guest contributors, high profile interviews from the worlds of innovation and entrepreneurship, and of course be the ‘one stop shop’ for all European Enterprise Promotion Awards (EEPA) related content, amongst other topics.

We began the year by getting ready for the launch of EEPA 2017, looking back on the EEPA 2016 winners and finding out what the attendees of the SME Assembly 2016 thought about their time in Slovakia. The year continued on with the exciting launch of the 2017 edition of EEPA, during which we presented the shortlisted projects who went on to compete for European prizes. The standard of projects was extremely high and we would like to thank all of the National Coordinators for their hard work and dedication to their national campaigns.

The Youth Essay Competition also came back to Promoting Enterprise for a second edition, which attracted over triple the number of entries than last year. With many high quality entries coming from across Europe, and even beyond, the 2017 essay competition jury had a tough time choosing just three finalists for the shortlist. The finalists, Evlampia Karavangeli from Greece, Pavle Kostić from Serbia and Oksana Vedmidska from Ukraine, all impressed the jury with their answers to ‘What skills do tomorrow’s entrepreneurs need?’, which they went on to present at the biggest event of the year…the SME Assembly 2017. After a live audience vote, Oksana Vedmidska was chosen as this year’s winner.

This year’s SME Assembly was held in Tallinn, Estonia from 22-24 November 2017 and focused on encouraging us all to start, scale and spread our wings. If you missed it, read our daily posts (Day 1, Day 2, Day 3), have a look at our Instagram and watch the highlights video for coverage of this European flagship event for entrepreneurs, facilitators and innovative thinkers. There is also an SME Assembly conclusions post discussing the main results from Tallinn.

2017 has been a busy year with exciting developments, news, competitions and events. The Assembly continues to grow, European SME Week continues to excel and innovators continue to share their thoughts with us here on Promoting Enterprise. As we close a busy year, the whole Promoting Enterprise team would like to thank you for your support throughout 2017, we hope you enjoyed our posts and will continue to bring you more next year in 2018.


Youth voices of Europe – Meet Youth Essay Competition winner Oksana Vedmidska

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‘What skills do tomorrow’s entrepreneurs need?’, was the question that we posed to the youth of Europe for this year’s edition of the SME Youth Essay Competition.

Today, Promoting Enterprise is excited to present this year’s winner, Oksana Vedmidska from Ukraine! Oksana first impressed the Youth Essay Competition jury with her passionate essay and then went on to blow the audience away with her ideas at the SME Assembly 2017. Interested in what impressed the jury? Read her essay here and continue reading to find out more about her and her thoughts about the SME Assembly 2017.

What made you enter the SME Youth Essay Competition?

Firstly, I decided to enter the competition, because entrepreneurship is a topic which is personal for me. Thanks to entrepreneurship, my family was able to survive difficult economic times in Ukraine in the 90s. Secondly, and this is probably because of the fact that my parents are involved in entrepreneurial activities, I myself adore the independence and passion that stands behind your freelance work or your own company.

In addition, this probably has something to do with my genes. I must admit that if one looks at Ukrainians from a historical perspective, they will see that we are used to being owners. This began from being owners of small agricultural plots, where we worked hard to cover the needs of our families. As a result we developed crucial skills like practical thinking, responsibility, independence and the ability to take risks – qualities and skills which are crucial for an entrepreneur. I believe Ukrainians inherited these skills and qualities and that is why we strive to establish our own small businesses/start-ups.

Thirdly, I considered the Youth Essay Competition to be a fantastic opportunity to spread my ideas and talk about problems and solutions concerning entrepreneurship that we face nowadays.

What did you think about the SME Assembly 2017?

The SME Assembly 2017 was characterised by an incredible spirit of innovation and what the future holds. I was very delighted to see that we spoke about digitalisation as one of the keys of entrepreneurial success. Somehow in our ordinary lives we do not notice the importance of this topic and do not discuss opportunities it gives and the risks it involves, but during the Assembly we were really able to recognise the importance of e-governing, e-commerce, data exchange etc. not only for entrepreneurs and customers but for the society as a whole.

Moreover, a highlight of the SME Assembly 2017 was probably social entrepreneurship. I cannot remember any project of the Ideas from Europe which did not have some significance for society. Somehow the final purpose of each start-up was to guarantee benefits to a human-being. To my mind, that is a big step in the business environment, when a person is not simply seen as a customer by a business, but as a human-being with different specialised needs. If I had an investment fund, I would definitely provide venture capital, not only with the purpose to obtain some gains, but also because successful implementation of a social business project would improve the environment our global society lives in, and in which our kids will continue to live.

The theme of this year’s SME Assembly was to ‘Start. Scale. Spread your wings’, what does that mean to you?

From a practical point of view, I would reinterpret it as ‘Develop an idea. Study your potential market niche. Write a business plan. And go for it, no matter what’. In my way of thinking, an entrepreneur is a dreamer, who respects the material bounds of our world. I would take this slogan and use it in schools to inspire teachers to change the old-fashioned science-oriented way we use to teach our children and also in order to motivate kids and adolescents to work on their entrepreneurial skills.

What is next for you? Any exciting plans to share?

Revealing personal plans is like revealing a sweet dream you had last night and since you want to keep the odds on your side you try to keep it secret… 🙂

In reality I am busy with my second degree that I have just started at the University of Applied Science of Darmstadt. So for the next 3 years I plan to study Information Law there. That is probably why all of my time will be devoted to studies, work and discussions concerning development and possibilities of improvement of our society. Anyway, we will see what is in store for me, one thing I know for sure is that there are still so many countries to visit, cultures and languages to learn, and experiences to gather and share, so I will not sit still!

That’s it for the 2017 finalists and winner! If you missed the finalist exclusive interviews be sure to read about Evlampia Karavangeli and Pavle Kostic on the News Portal. Where will these young finalists find themselves next? We will have to wait until 2018 to find out…

Youth Essay Competition 2017 – Who is going to Tallinn?

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The Youth Essay Competition results are in! After a lot of deliberation and discussion, the Jury have selected their top three submissions who will go on to compete for first place at the SME Assembly 2017 in Tallinn!

So who wrote the top three submissions? Congratulations to:

Evlampia Karavangeli

Evlampia Karavangeli is 22 and from the small town of Drama in northern Greece. She is currently studying at the Democritus University of Thrace Medical School and is very enthusiastic about her studies. She is multilingual and speaks Greek, English and German and is also studying Spanish, which she combines with her love for sketching and literature.

Find out what her essay ‘Checkmate in Entrepreneurship’ is all about when she presents it live at the SME Assembly 2017 next month!

Oksana Vedmidska

Oksana Vedmidska is from the small town of Pryluky, not far the Ukrainian capital of Kyiv. After finishing her studies in Technical Translation, she went on to work as a translator of medical texts, working in English, German and Russian. She then went on to win a scholarship that took her to Germany to study a Masters in the areas of dubbing, subtitling, audio descriptions for the blind, and easy language. Earlier this year she was also selected to represent her home country of Ukraine at the UN General Assembly in New York as a winner of the 2017 edition of the Many Languages One World competition.

What skills does Oksana think an entrepreneur needs? And why does she think “entrepreneurship is one of the most effective tools, which our global society has to transform the world into a better place”? We will find out during her live presentation in Tallinn in November!

Pavle Kostic

Pavle Kostic is from Nova Pazova in Serbia and is currently in the third year of his Management studies at the University of Belgrade. He has been actively involved in several art, essay, photography and debate competitions, including the Serbian competition for ‘Best business ethics essay’ which he won in 2014.

What can we expect from Pavle’s essay ‘Ethics and a system as a prerequisite of regular competition’? Find out next month at the SME Assembly when he presents it live!

We would also like to thank all the other writers who submitted their work. This year the quality was very high and the Jury had a very difficult decision when narrowing it down to the top three. Be sure to follow Evlampia, Oksana and Pavle on their journey to Tallinn as they get ready for the live finale where the Youth Essay Competition 2017 winner will be revealed...

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