Navigation path

Left navigation

Additional tools

Tag ‘start-up’

“We will live in digitally organised chaos”

Tags: , , , ,


open-evidenceToday’s blog post is a contribution from Open Evidence European Affairs Manager Kasia
Jakimowicz, who gives us her take on what the key messages from the SME Assembly 2016 in Bratislava were.

SME Assembly 2016 in Bratislava is over but the collaboration continues. Here are a couple of first take-away recommendations from the conference:

  1. More creative approach to education, encouraging companies, the public sector and schools to work together and adapt traditional educational structures and teachers´ skills to the rapidly changing work environment.  
  2. Entrepreneurship and digital education should be present in education from primary school level including both obligatory and elective subjects.
  3. Make public procurement more start-up and SME friendly.
  4. Develop a network of national scale-up advisors to help companies to grow.
  5. Establish a matchmaking platform between start-ups, scale-ups and corporates for networking and collaboration / funding opportunities
  6. Empower local and national ecosystems and build sustainable working relations among eco-players. The European ecosystem will follow consequently.
  7. Continue to remove existing barriers in Europe (IPR, free movement of data, access to finance etc.) so that European start-ups and SMEs think of Europe as their natural market.
  8. Failure forms part of every successful company, this needs to be embraced, openly discussed, and learnt from.
  9. Embrace the collaborative economy and alternative forms of financing, supporting businesses and public administration in the shift towards different ways of working.
  10. Learn from best examples on national level and scale them up in Europe

This is just one contributors list, do you have anything to add? Other points to share? The Online SME Assembly LinkedIn group is there for you to discuss, collaborate and share your input! If you missed out on the assembly or want a quick overview, be sure to read our daily posts and check out our social media.

SME Assembly Daily posts:

EEPA 2016:

Winners of the European Enterprise Promotion Awards 2016 prove diversity of entrepreneurial spirit in Europe

SME Week Newsletter: Issue #2

Tags: , , , , , , , , , , , , ,

Entrepreneurs, national EEPA winners, competitions, and more about business in the EU

eepa_picture_1

This month is a busy one as we continue to gear up for SME Week this November. June sees the closure of all national European Enterprise Promotion Awards (EEPA) competitions in time for the European closing date of 1 July. Find out if you still have a chance to enter and win one of the prestigious European awards by searching the deadlines in the article below. Also, meet Kenny, our new Entrepreneur in Residence, and enter or promote our youth essay competition. Read more >>

<< Previous Issue #1

Next issue #3>>

SUBSCRIBE AND DON´T MISS ANY STARTUP/SME UPDATE

Thinking outside the innovation box

Tags: , , , ,

The surge in innovation triggered by the invention of the internet and the development of the worldwide web 20 years ago has, to put it bluntly, changed everything. Apps appear (and disappear) all the time as we seek to harness the power of a virtually free globalised communication system. There are apps to tell us how many kilometres we’ve run, jogged, walked; there are apps to monitor our health, apps that recognise wine labels and can tell us where to buy a bottle; there are even apps to tell us about apps.

business-2

Some of these apps will turn out to be useful, some will be a flash in the pan, and some will be game-changers … but so far none will tell you how to be successful in starting up a business and making it grow.

If the truth be told, although the internet has changed everything, everything has stayed the same. The challenges of starting and developing a business are the same now as they have always been. Whether you’re operating in the infotech world of apps or have developed a new medical procedure, if you want to monetise it then you need to answer one fundamental question: what are we going to sell, in what market, and at what price?

Although the question is simple, the answer is probably not because inherent in it is a business fundamental: can we sell enough of our product to generate sufficient cashflow to allow the business to survive? Let’s remember, without cashflow, the business will fail: it’s as harsh as that.

If your analysis shows that you’re unlikely to sell sufficient volume and you’re unable to market it at a sufficiently high price, then this suggests that you’re unlikely to be able to start up a company. But that’s not the end of it: if, in your opinion, the product or service is a genuine game-changer then, after establishing your intellectual copyright, you could market it on licence to one of the big players in the field and take royalties

The real business world is one of harsh reality. According to the Statistic Brain Research Institute for every 100 start-ups, 25 fail in the first year, 27 fail in the second year and 21 fail in the third year. That’s a staggering 73% failure rate over the first three years. The main reasons are: incompetence (particularly emotional pricing, taking too much from the business, non-payment of taxes, no knowledge of pricing, lack of planning, lack of knowledge of financing and no experience in record keeping) and lack of managerial experience (particularly poor credit granting practices and too rapid expansion).

Having invented a game-changing and innovative product, remember that starting up your own company is not necessarily the right answer. So consider sharing the risks and working with others to monetise your great idea.

2015 SME Assembly Update

Tags: , , , , , , , , , , , , ,

The motto of this year’s gathering is “Europe Works For SMEs: Forward. Together.” Following the tremendous success over three years, the 2015 SME Assembly is set to be yet again the most important European event for SME policy. This time more than ever we are inviting you to develop SME policy together and co-create innovative ways of cooperation to ensure effective support for entrepreneurs. To this end we are inviting well-known and new partners from the world of business, academia, policy making and media. We will be honoured by the presence of HRH The Grand Duchess of Luxembourg, in particular for an interactive discussion about women entrepreneurship.

For the first time, the SME Assembly 2015 will feature an exceptional session, which may be shaped by interested National Coordinators. Another first, the Netherlands will hold a European edition of the TEDx Binnenhof event in late March 2016.

TEDx events help share ideas in communities around the world in the form of short, powerful talks. 10 entrepreneurs with great ideas and innovative solutions for the challenges Europe and the world are facing will present their inspiring thoughts at this special TEDxBinnenhof in the Netherlands. To find these 10 the following process will be starting soon: local TEDx organisers in the Member States in cooperation with SME Envoys will choose their national candidate.

On our side we would also like to encourage the national SME Week Coordinators to assist this process, in as far as it is relevant for you. Should you be interested, please contact: GROW-SME-WEEK-ADMIN@ec.europa.eu

The SME Assembly will also be the focus of the European SME Week; and will host the presentation of the 2015 European Enterprise Promotion Awards. We are also proud to say that we are teaming up with the Start-Up community in Luxembourg who will hold a Start-up weekend right after the formal end of the SME Assembly; for those interested there will a possibility to experience entrepreneurship in action.

Delve into digital: tapping into Europe’s online start-up potential

Tags: , , , , , , , , , , , , , ,

Benjamin- Suchar

Digital technologies are the single most important driver of innovation and growth today. They re-shape entire industries and open doors for a new generation of entrepreneurs and innovators. The Secret of Success 2014-15 brochure features 35 of Europe’s finest digital icons.

This very interesting video from Euronews about digital entrepreneurs in France is worth a look. It features Secret of Success entrepreneur, Benjamin Suchar who created Yoopies, (Europe’s leading social platform for child-minding services) after seeing his how two sisters had  limited choices for their childcare.

http://www.euronews.com/2015/02/06/delve-into-digital-tapping-into-europe-s-online-start-up-potential/

Europe’s digital economy has huge potential -as the success of French start-ups like Yoopies illustrates. It helps users to find a babysitter based on 50 criteria including, location, profile, and rating. Launched in 2012, Yoopies went from 3 to 15 people, from 10 babysitters to 400,000. The platform is now available in 7 languages in 9 countries. It now has a 300% year-on-year turnover increase and is moving into other services including shopping delivery and housekeeping.

42’ is another example of the digital’s sector’s potential. Created by top French digital entrepreneur Xavier Niel, ‘42’ is a unique school which trains 900 young people in digital skills each year, free of charge and regardless of qualifications.

Gilles Babinet is one of the EU’s Digital Champions, whose mission is to promote the benefits of an inclusive digital society.

  • Useful links

  • Tags

  • RSS Promoting Enterprise

    • EEPA 2019 Testimonial – Investing in Entrepreneurial Skills January 16, 2020
      Ready to meet our next European Enterprise Promotion Awards (EEPA) 2019 winner? Meet IDEA Innovation Centre & Incubator – Accelerator for Start-ups from Cyprus, the winner of Investing in Entrepreneurial Skills! IDEA is an innovation centre and incubator and acts as an accelerator for startups. In order to invest in entrepreneurial skills, IDEA undertakes a […]
      promotingenterprise
    • Young voices, innovative ideas – Meet Youth Essay Competition finalist Aureliano January 14, 2020
      Today on the Promoting Enterprise News Portal we are speaking to one of the 2019 finalists of the SME Week Youth Essay Competition. Aureliano Ulndreaj from Albania, first impressed the jury in Round 1 with his speech as the new EU Commissioner for SMEs and Entrepreneurship. His speech highlighted his vision for the EU institutions […]
      promotingenterprise
    • SME Week Newsletter 2020: Issue #1 January 13, 2020
      Welcome back to the SME Week Newsletter! As we begin 2020, Promoting Enterprise is here to bring you the latest in entrepreneurship, ongoing project calls, the European Enterprise Promotion Awards and so much more. In this edition we will be looking back on the highlights of 2019, including the exciting EEPA ceremony and winning moments, […]
      promotingenterprise
    • EEPA 2019 Testimonial – Promoting the Entrepreneurial Spirit January 9, 2020
      It is time to start meeting our European Enterprise Promotion Awards (EEPA) 2019 winners, starting with the winner of Promoting the Entrepreneurial Spirit! The 2019 winner is the Haven project from Belgium, which supports and strengthens enterprising young people who want to develop a project. Additionally the project offers a safe testing ground to encourage […]
      promotingenterprise
    • ELIIT Project – Call for applications January 7, 2020
      The European light industries innovation and technology project (ELIIT Project) seeks to support textile, clothing, leather and footwear (TCLF) SMEs in enhancing their competitiveness while helping them integrate new technologies in innovative or high added-value products, processes or services. ELIIT will support TCLF SMEs in implementing the excellent research results achieved in many technological areas […]
      promotingenterprise
    • The 2019 Round Up – See you in 2020! December 31, 2019
      It is the last day of 2019 and what a year it has been for Promoting Enterprise! Here on the News Portal we have been very lucky to meet some inspiring individuals in the world of entrepreneurship, who have taken the time to share their valuable insights and experiences with us. As this year draws […]
      promotingenterprise
    • Keep the conversation going – Join “Online SME Assembly” December 19, 2019
      The new SME strategy needs you and your input! At the SME Assembly 2019 we collected and harvested ideas and topics raised throughout the sessions that address the 3 main challenges: Sustainability for SMEs in the context of the Green Deal and climate change Digitisation for SMEs SME broad-based growth We are also looking for […]
      promotingenterprise
    • INNOSUP Innovation Associate programme: making SMEs thrive December 17, 2019
      SMEs encounter multiple challenges over their life cycle. They are often unable to access skills and knowledge and they experience more obstacles when having to recruit specialised professionals.  This is where the INNOSUP Innovation Associate programme comes into play. The programme provides grants at European level to SMEs to employ a highly-skilled researcher – the […]
      promotingenterprise
    • EEPA 2019 Compendium December 12, 2019
      During the SME Assembly 2019 the 13th edition of the European Enterprise Promotion Awards (EEPA) took place. The EEPA recognise the best of the best, with six individual category awards, 1 Grand Jury Prize and Special Mentions. Want to learn more about the 2019 winners? Now you can! The 2019 EEPA compendium is now available […]
      promotingenterprise
    • SME Week Newsletter 2019: Issue #8 December 10, 2019
      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. […]
      promotingenterprise