Black Sea Business Forum

BLACK SEA BUSINESS FORUM “THE NEW ERA OF GREEN ENTREPRENEURSHIP” Thessaloniki, Greece, 26 November 2010

YES European Confederation of Young Entrepreneurs “ The role of research & innovation in the Black Sea region ” Dimitris Tsigos President [email_address]

About YES
Background
The European Confederation of Young Entrepreneurs
Founded in 1988
16 Countries – Including Countries from the Black Sea Region
40.000 YE
18-45 years old
Objectives
To foster business cooperation and networking activities between young entrepreneurs
Establish links with entrepreneurial organisations in Europe and elsewhere
To maintain an ongoing dialogue with the Institutions of the European Union

Entrepreneurship and Innovation in Europe
Young Entrepreneurs in Europe cannot be satisfied by the current entrepreneurial culture and activity
In comparison to the US & Canada, or even the BRIC countries, one could argue that European entrepreneurship is conservative and slow-moving
According to EBAN, angel investments in Europe are approx. 4 Bn € Vs 19 Bn € in the US
While EU27 GDP is ~ 20% higher than US
The academic & research community in many European countries is less entrepreneurship-oriented than in the US & Canada
European leadership in R&D can result to leadership in entrepreneurship

The Common Market
The common European market still remains an objective
Very few companies consider “Europe” as their domestic market
Cultural barriers proven harder to overcome than legal / regulatory
Many European startups find Distributors and VARs in countries like US, Canada & Australia easier than they do in Europe

A Strategy for Improving Entrepreneurship in Europe
Short-term: Access to capital
Immediate results
Focus to angel investments & soft-loans
EU-funded schemes for leveraging angel investments
Mid-term: Access to markets
Efficient mediation services for supporting small, growing businesses to access customers all around Europe and in any other region
Support European startups to access the global market
Know how transfer from successful entrepreneurs
Long-term: Build entrepreneurial culture
Changes to the educational system towards creativity and self-confidence
The European society should accept entrepreneurship, especially startups, as a progressive activity

The YES Action Plan [1/2]
Boost start-up entrepreneurship
We envision Europe as a start-up paradise
Quality of life and cultural heritage in Europe are ideal for creative startups
Combined efforts to overcome the access-to-capital barrier
Cooperation with EBAN – The European Business Angels Network and the European Investment Fund
Strategic cooperation with the “Entrepreneur Commons” movement
World-wide peer support group for entrepreneurs

The YES Action Plan [2/2]
Materialize the common market
We support our members to consider “Europe” as their domestic market
It’s better to have a domestic market of 500M people!
Organize quarterly B2B match-making events
Connect customers and suppliers from different EU member States and other European Countries
Boost the creation of Distribution and VAR networks
We are working closely with Enterprise Europe Network

Thank you 

Black Sea Business Forum

by OESYNE OESYNE on Jan 05, 2011

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Black Sea Business Forum — Presentation Transcript