Innovative Entrepreneurs & Start-Ups

17-18Dec07 Stakeholders' meeting on ERASMUS for young entrepreneurs Brussels

Stakeholders’ Meeting on the pilot project “ERASMUS for young entrepreneurs”
Brussels, 17-18 December 2007
European Commission
10.00 Registration in the foyer of Salle des Nations
11.00 Welcome and opening, Salle des Nations
Ms Maive Rute, Director and Deputy SME Envoy, European Commission,
Directorate-General for Enterprise and Industry
11.15 Presentation of the results of the preparatory work
Flash Eurobarometer survey on demand for mobility among young (would-be)
entrepreneurs
Mr Robert Manchin, The Gallup Organization, Brussels
Feasibility Study on “Erasmus for young entrepreneurs”
Professor Peter Lloyd, ECOTEC Research and Consulting Ltd, Birmingham
Professor Michael Blakemore, ECOTEC Research and Consulting Ltd, Birmingham
12.30 Buffet lunch, Horizon Room
14.30 Round Table debate ‘Crucial success factors for the pilot project
“Erasmus for young entrepreneurs”’, Salle des Nations
Representative of the Portuguese Presidency
Member of the European Parliament
Mr Arnaldo Abruzzini, Secretary General, Eurochambers
Ms Josefin Bergenlind, entrepreneur, Dog Days, Sweden
Mr Patryk Statkiewicz, AIESEC, Poland
Moderator: Ms Maive Rute, Director and Deputy SME Envoy, European Commission,
Directorate-General for Enterprise and Industry
16.00 Coffee break
16.30 Start of Working Groups (3 themes in 6 parallel Working Group sessions)
Theme A: Objectives and target group – who should participate and why?
Working Group 1, Salle des Nations
Chair: Ms Andrea Reichel, European Commission,
Directorate-General for Enterprise and Industry
Facilitator: Professor Peter Lloyd, ECOTEC Research and Consulting Ltd, Birmingham
Working Group 2, room Tinto II
Chair: Mr Thomas Jaegers, European Commission,

Pilot project ‘Erasmus for young entrepreneurs’

Pilot project ‘Erasmus for young entrepreneurs’

The new pilot project ‘ERASMUS for young entrepreneurs’ will facilitate training, networking and exchange of experiences among nascent young entrepreneurs by means of traineeships in small and medium-sized enterprises (SMEs) in another country. This action will contribute to promote entrepreneurship, internationalisation and competitiveness of established SMEs and new start-up enterprises in the EU.

Measures to prepare the pilot project:
• A Flash Eurobarometer survey on the demand for mobility among entrepreneurs, particularly young nascent entrepreneurs
• A Feasibility Study on the supply of hosting SMEs and the implementation of the project
• A Stakeholders’ Meeting in December 2007 to obtain feedback from national authorities, business associations, business support organisations, business school teachers, entrepreneurs and others

Pilot project ‘Erasmus for young entrepreneurs’

Pilot project ‘Erasmus for young entrepreneurs’

The new pilot project ‘ERASMUS for young entrepreneurs’ will facilitate training, networking and exchange of experiences among nascent young entrepreneurs by means of traineeships in small and medium-sized enterprises (SMEs) in another country. This action will contribute to promote entrepreneurship, internationalisation and competitiveness of established SMEs and new start-up enterprises in the EU.

Measures to prepare the pilot project:
• A Flash Eurobarometer survey on the demand for mobility among entrepreneurs, particularly young nascent entrepreneurs
• A Feasibility Study on the supply of hosting SMEs and the implementation of the project
• A Stakeholders’ Meeting in December 2007 to obtain feedback from national authorities, business associations, business support organisations, business school teachers, entrepreneurs and others

More than half of young Europeans keen to start their own business

Dear Mr. Ferran, Thanks for your mail. No need to prepare anything at this stage. We will inform you soon concerning the confirmation.

Best regards, D. Rometsch Dietrich Rometsch

Administrator European Commission Directorate-General for Enterprise and Industry Directorate E - Competitiveness, SMEs and Entrepreneurship ENTR E1 - Entrepreneurship Av. d'Auderghem 45 - Office 6/303 B-1040 Bruxelles / Brussel

Tel. +32-2-299 83 06 Fax +32-2-296 62 78 e-mail: dietrich.rometsch AT ec.europa.eu New SME portal available http://ec.europa.eu/enterprise/sme

MEMO/07/401

Brussels, 8th October 2007

More than half of young Europeans keen to start their own business

According to the latest Flash Eurobarometer on entrepreneurial mindset the EU is still lagging behind the US, but over half of the EU’s young people find it desirable to become entrepreneurs within the next five years. The aim of the survey is to have a better understanding of entrepreneurship, to identify what is fuelling entrepreneurial mindsets, what encourages people to become entrepreneurs and which obstacles exist. The results of the 2007 survey will help the Commission in the shaping of its policy-making (see end of this file: Promoting entrepreneurship at all levels).

A. How keen are Europeans to start their own business?

1. Less Europeans than Americans would like to become their own boss

[ Figures and graphics available in PDF and WORD PROCESSED ]

  • 45 % of the Europeans prefer to be self-employed whereas the entrepreneurial urge reaches 61 % in the US.
  • There has been no change compared to previous surveys.

2. Half of Europeans have never thought about starting up a business

EIF and Flemish Government sign Cooperation Agreement and Technical Assistance Contract

EIF and Flemish Government sign Cooperation Agreement and Technical Assistance Contract

On 2 September 2005, the Flemish Government and European Investment Fund signed two agreements: a general cooperation agreement and a technical assistance contract.

The cooperation agreement aims towards developing long-term cooperation between EIB Group and the Flemish Region, through exchanges of information, workshops, staff visits and personnel secondments.

Through the technical assistance contract EIF, on behalf of the Flemish Ministry of Economy, Enterprise, Science, Innovation and Foreign Trade, will assist the Flemish Region both in evaluating programmes providing financial support to start-ups and SMEs, and also in implementing these programmes (i.e. screening potential investees, development investment guidelines, and evaluating potential EIF co-investment).

EIF will notably assist the ARKimedes programme where it will screen potential investee funds and develop operating guidelines, with a view to a possible EIF co-investment. It will also help the Vlaams Innovatiefonds develop guidelines for the screening of small and medium-size enterprises. Furthermore, it will propose possible evolutions of the current "waarborgregeling" system and will review other instruments including the NRC-fonds and the Fonds Vlaanderen Internationaal as well as a potential corporate venturing fund. These and other programmes play a crucial role in the further development and prosperity of the Flemish economy.

As at end August 2005, EIF's activity in Belgium has benefited six venture capital funds for a total investment amount of EUR 37m. As far as SME guarantees are concerned, operations have been concluded with the Participatiefonds (especially for micro-credit, i.e. SMEs of less than 10 employees), as well as with KBC, Fortis, and Beroepskrediet, with total commitments over EUR 166m.

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