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Business Generator – Where are they now?

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Today on Promoting Enterprise we are catching up with European Enterprise Promotion Award (EEPA) 2017 winner Business Generator, from Sweden, specifically project coordinator Annette Rhudin. The European Enterprise Promotion Awards reward those who promote entrepreneurship and small business at the national, regional and local level.

The “Investing in entrepreneurial skills” category winner shares the future of Business Generator and what winning an EEPA prize and participating in the EEPA process meant to them.

In an ideal world all European issues would be looked at from a European perspective, like those of SMEs being considered by the European Commission. Through initiatives like the EEPA competition, SMEs have been identified and celebrated as the backbone of European economy and key sources of employment.

The EEPA competition also brings out certain issues that several SMEs face, and the support that projects, like Business Generator, are offering to entrepreneurs and enterprises across Europe. One thing that stood out for me, that has certainly been an issue for Business Generator, is disparity between regions and the need to adapt different strategies. Some regions are experiencing growth and have access to funds and resources, whereas others are struggling to grow and have little to no access to the same resources, like my own region of Värmland in Sweden. The EEPA competition is a fantastic opportunity to see what is going on in Europe, to meet others striving to help SMEs and ultimately gain visibility for the work you do.

The future of Business Generator remains uncertain, and despite coming “top of the class” in Europe, will not continue, for now. The Business Generator team had several meetings at both regional and national level, but the budgets have already been defined and there is no surplus to fund the continuation of Business Generator. Municipal budgets have also been defined, and due to how tight they are, unfortunately there is no room for Business Generator. This is not to say that there is no interest in Business Generator, but for the project to continue interest alone is not enough.

The project itself is new and innovative, and challenges old ways of thinking. Whilst this is the way forward for SMEs it is a daunting investment to make, and when budgets are tight means that it is less likely to receive support. This also represents the current situation in Sweden, where SMEs receive almost no government research and development funding, which is largely distributed to universities, large companies and the public sector.

In comments from the Swedish National Audit Office, SMEs and innovation were recognised “as keys to Sweden’s future growth”, yet the body also stated that only “a minor part of total state aid to the business sector is directed at R&D and innovations as well as at small and medium-sized enterprises”. Whilst this is somewhat disheartening I believe that the solution is to take care of SMEs, and show this through concrete actions.

I hope that there is a future for Business Generator and would be interested to know more about the situation in other countries regarding SME funding. Currently in Sweden, SME’s receive 3,7 % of the state aid, but deliver four out of five new jobs. My wish is that the funding statistics will change and that SMEs can continue to deliver jobs and receive the support they need both at national and European level.

Whilst the Business Generator journey may have temporarily come to an end, I would like to thank the European Commission, for helping to highlight the good work that is going on across Europe through the EEPA competition. Finally, my message to potential future applicants, apply for EEPA 2018, this is an important opportunity and you should take it!

Interested in finding out what happened to some of the companies helped by the Business Generator? Come back soon to find out right here on the Promoting Enterprise News Portal.

Watch the ‘winning moment’ for Business Generator from EEPA 2017:

EEPA 2017 Testimonial: Business Generator – Investing in Entrepreneurial Skills Winner 2017

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The 2018 edition of the European Enterprise Promotion Awards (EEPA) is under way and the search for innovative European projects in the fields of enterprise and entrepreneurship has begun. Continuing the series of testimonials from EEPA 2017, Promoting Enterprise presents the 2017 winner in the category ‘Investing in Entrepreneurial Skills’ – Business Generator from Sweden, represented by Anette Rhudin.

How did you first hear about the national competition?

It was the Swedish Agency for Economic and Regional Growth that called and asked us to apply.

Why did you decide to enter the national competition?

Our main motivation for entering was that we wanted more people at the national level to know how we could make difference, and we wanted the national media to write about it. We decided to enter because Business Generator identified a gap in the strategic management process for SME companies, as well as a way to reach SMEs and provide them with useful skills for their daily lives as entrepreneurs. Our intention was to communicate this “gap”, not just in our region, but throughout Sweden. We thought that being National Winners could be a “shortcut” for us, meaning that the Swedish media would address the issue of SMEs and the potential they have in Sweden.

How did you prepare your application?

We spent a lot of time compiling and identifying the reasons behind our project. We wanted to make it easy to understand the complexity of what we do and, of course, to find out what exactly makes us successful.

One of our goals with this project was to actively communicate our results, so preparing the EEPA application was actually very useful and a good way to combine both our communication goal and competition preparation. We interviewed the participating companies and gathered their comments and thoughts about their experience in the project, which was of great help.

What was it like to win the award?

When we found out that we were the national winners we hosted a midsummer party, to inform everyone about the prize that we were competing for and to celebrate our national win. It´s in Swedish, but you can see how emotional everyone was, both laughing and crying. It was a great party! 

We really wanted to win the European prize, but just because we thought we were the best project didn’t mean that the jury would think the same thing. When Business Generator was announced as the winner, I had a pulse of 1000! Friends who have seen the video of us winning say that I look unmoved, but really I was shocked. Just hearing Sweden mentioned with our project was incredible, I was representing our country!

My own experience of the SME Assembly was overwhelming. There were so many people with the same interests, which gave us a lot of input and a chance to see the differences between countries. This experience gave me a lot to think about and made me realise that Sweden still has a lot of work to do. One evening we talked to representatives from Britain who told us about their own situation and how young entrepreneurs are leaving the UK. This conversation in particular really helped us to understand what the work being done by the EU can mean for all the people in Europe.

How did winning the award impact your work?

When we became National Winners there were big articles in our local newspapers, but the national papers wrote nothing. After speaking to national radio I learnt that EU issues are rarely covered in Swedish media due to their complexity. This is a shame because our region of Värmland is classified as one of the poorer growth regions in Sweden, meaning it needs some praise and attention in the Swedish media.

When we won EEPA, social media exploded. It was shared and there was so much gratitude and so many congratulatory messages that we were unable to follow all the threads! In addition, all co-financing municipalities and banks wrote about the win on their websites and social media. Wherever we were, there was always someone telling us how proud they were of our achievement. Even though the Swedish media did not pick up on it as much as we would have hoped, at least people in our sphere seem to really like it and appreciate our efforts.

Why should others enter EEPA 2018? What advice would you give them?

The prize itself is valuable, but so is the opportunity to see how projects in other countries deal with the same issues and questions. You can see differences in financial solutions, project launches and how each country has their own solutions and plans, all of which are the best across Europe.

Another thing to think about is communication. I was so impressed with the communication throughout the SME Assembly! It was really professional and each country was provided with perfect PR. However, there must be media in the home country that receives it, and that is where you need to plan before you go the SME Assembly. We experienced something very extraordinary and I am so grateful. All the people we met, all the information we got, all the big ideas we heard about were so interesting. But if I could do it again, I would have planned more beforehand and talked more to those people that could be useful in the future.

If you like to see how it is possible to change things in a society, then EEPA is a perfect event! I can´t see any better way to be exposed to these kinds of solutions and questions than the EEPA competition.

What are your plans for the future?

The project Business Generator ended in December 2017 and unfortunately the owner of the project, Inova, ended at the same time. Business Generator was completed as a project, but was far from ready to “fly” on its own. There is still a lot of work to be done in packing, launching and finding public funds in combination with the participating company’s own financing, in order to create a viable Business Generator. We have other programmes in our region, like mentor programmes which are based on people giving their time for free. Our project charged a very low fee for those involved in the Business Generator, meaning that we became a threat rather than an opportunity.

We were hoping that another organisation would take the concept further, but this has not happened yet. In Värmland there are around 7,540 SMEs, all of which need more support and resources, so even though the future of Business Generator is uncertain I hope there will be a way for our project to come back.

To find out more about Business Generator, read about them right here in the 2017 compendium, and be sure to watch their winning moment from the EEPA 2017 ceremony in Tallinn here.

Keep coming back to Promoting Enterprise for more EEPA 2017 testimonials and don’t forget to check all the social media channels (Twitter: @EEPA_EU and Facebook: @PromotingEnterprise) for the latest EEPA updates.

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