What would you do, if you inherit ?

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1 European Entrepreneurship Action Plan Providing Inspiration for Regional and Local Initiatives Urban Platform Danube Region Vienna, 27 January 2015 Christian WEINBERGER, Senior Adviser - Entrepreneurship & SME Policy European Commission - DG Enterprise What would you do, if you inherit ? 1

2 Start a business Buy a house / repay a mortgage Save it Realize a dream I have always had Work less / Stop working Start a business Buy a house or repay mortgage Save the money Spend it on things you always wanted to buy Work less/stop working DK/NA RO BG LT PL EL HU ES LV PT CY IT EE EU IE SI CZ MT SK LU UK FR DE SE NL BE FI AT DK TR HR CH NO IS US CN KR JP Q16. Please imagine, that you suddenly inherited X Euro. What would you do with the money? Base: all respondents, by country Only 14% of Europeans would start a business Over 20% in: Romania, Bulgaria, Lithuania, Poland and Greece Less than 10% in: Denmark, Austria, Finland, belgium, The Netherlands, Sweden, Germany and France In AT only 6% would start a business 2

3 Action Pillars of Entrepreneurship2020 Entrepreneurial education and training create new generations of entrepreneurs Creating an environment where entrepreneurs can flourish and grow offer effective support or get out of entrepreneurs way! Role models and reaching out = radical cultural change entrepreneurship as 'the new cool involve groups not reached before To enterprise Entrepreneurship refers to an individual s ability to turn ideas into action. It includes creativity, innovation and risk acceptance, as well as the ability to plan and manage projects in order to achieve objectives. This supports everyone in day-to-day life at home and in society, makes employees more aware of the context of their work and better able to seize opportunities, and provides a foundation for entrepreneurs establishing a social or commercial activity (Council Recommendation on Key Competences for Lifelong Learning COM(2005)548) 3

4 Skills acquired Personal skills Team working Communication Self-confidence Taking initiative Problem-solving Taking calculated risk Leadership Business skills Basic economics Financial literacy Developing market research Drafting a business plan Raising finance Sales techniques Running a business meeting The Oslo Agenda Entrepreneurship Education in Europe A detailed catalogue of 47 initiatives, based on successful experiences in Europe Stakeholders can pick actions at the appropriate level Relevant actors are indicated for each one of the proposed actions 4

5 Short layout of the relevant EU Policy Evolution model of Entrepreneurship Education Policy Examples of actions to be taken /Inspiration Potential for funding from EU Structural Funds Based on existing, verified good practices What is the SBA? + A set of politically binding principles + A package of concrete measures (legislative and non-legislative) + An implementation mechanism embedded in the EU 2020 strategy in order to 1 - Improve the overall policy approach to entrepreneurship 2 - Anchor the Think Small First principle in policy-making 3 - Promote SMEs growth 5

6 10 politically binding principles 1. Create an environment for entrepreneurs and family businesses to thrive and entrepreneurship to be rewarded 2. Ensure that honest entrepreneurs who have faced bankruptcy quickly get a second Chance 3. Design rules according to the Think Small First principle 4. Make public administrations responsive to SMEs needs 5. Facilitate SMEs participation in Public Procurement and better use State Aid possibilities for SMEs 10 politically binding principles (ctd.) 6. Facilitate SMEs access to finance and support timely payments in commercial transactions 7. Help SMEs to benefit more from the opportunities offered by the Single Market 8. Promote the upgrading of skills in SMEs and all forms of innovation 9. Enable SMEs to turn environmental challenges into opportunities 10. Encourage and support SMEs to benefit from the growth of markets 6

7 Concrete recommendations & inspiration Describing Example Regions Listing Good Practices Advising on actions to be taken Listing links with the Thematic Objectives Explaining the background to the regional SME Policy dimension Regions play a key role in the SBA implementation Regional/local authorities are closer to SME Main Regional challenges creating a business environment with positive conditions creating tailor-made infrastructure innovation-orientated funding supporting the development of networks supporting lifelong learning 7

8 SBA - Actions at local level 1) Creating an environment for entrepreneurship link businesses and schools supporting entrepreneurial activities mentoring measures for start-ups create business transfer advisors 2) Ensure a Second Chance information & promotion of a positive attitude early warning system SBA - Actions at local level 3) Implement the "Think Small First" Principle reducing administrative burdens make it easier to start-up a company Introduce SME Test for regional regulation/programs 4) Public administration responsive to SME needs Single points of contact 5) Improve SME Access to Public procurement Simplify public procurements below the threshold facilitate the participation of SME 8

9 SBA - Actions at local level 6) Access to finance implement the late payments directive (30 days!) promote financial instruments to provide loan guarantees and equity Support Business Angel activities 7) Access to Market Promote the activities of the EEN (Enterprise Europe Network) Support internationalisation (see also GB 7) SBA - Actions at local level 8) Skills, Innovation, Access to knowledge Support & training programs to strengthen the ability to innovate 9) Support "greening" of SMEs Information campaigns Grants for ressource efficiency 10) Encourage growth Offer coaching and mentoring programs 9

10 The regional SME Envoy In addition (and co-operation) with the national SME Envoy Tasks are similar but for the domain of the regional activities Use existing structures to the extent possible Co-operate and synergize with the existing actors Create specific governance cycle for implementation monitoring 10

11 SME Policy Good Practices Catalog Eurobarometer on Entrepreneurship m Entrepreneurship Education ucation/index.htm Entrepreneurship Erasmus for Young Entrepreneurs SBA SME Policy Guidebooks 11

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