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CY Entrepreneruship policy 3 Ds KOFTEROS

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  • 1. Enspire Final Conference29/11/2012Stavriana A. KofterosCEO
  • 2. Intro DIOGENES  Strategic ServicesFacilitate the   Mentoring creation of   Coaching  Back Office innovative   Networking startups  Funding Access, Funds Sourcing
  • 3. CHECKLIST Business Incubators,  Young / Women  Lack of Capital (Seed, Venture  Entrepreneurship Support  Entrepreneurship Support  Capital) Lack of start‐up / spin‐off  Offices, Accelerators Programs creation programs Low Academic  Innovative Start‐ups,  Micro‐funding (LOANS!):  Entrepreneurship Entrepreneurial Innovation  JEREMIE, PROGRESS Lack of patenting/spinoff  Programs , CyEC procedures and funding Research Centers,  Extremely low research /  Research Universities,  innovation funds (0.45% ) world‐class results Public – first Choice Changing Culture to Start‐up Cyprus  Open Coffee Cyprus, Cypriot Enterprise Link, Hack Cyprus, …etc
  • 4.  ethnic minorities  women long term unemployed low education young people in secondary level of education not  influenced enough by entrepreneurial inspiration School dropouts Poor People with disabilities Unemployed young graduates (with no experience)
  • 5. especially with economic crisis
  • 6. Lessons from US• Minorities are a high risk
  • 7. Total unempl. 09/2012. 5.520m young people (under 25) were Highest increases in Greece (17.8 % to  unemployed in the EU‐27 22.8 % (2011 it 25.1 % between July 2011 and July 2012),  was 21.7 %) highest in Greece (55.6 % in July 2012) and Cyprus (8.5 % to 12.2 %) and Portugal  Spain (54.2 %). CY over 25 %.(13.1 % to 15.7 %). 
  • 8. Strategies, Programs Plans, ACTIONS
  • 9.  Axis 1: Enhancing the Competitiveness of the Economy  Improving entrepreneurship AXIS 3: Reinforcing Social Cohesion  reduction of the gap between the economically disadvantaged  and privileged groups AXIS 5: Upgrading the quality of life  measures for assuring gender equality, for youth (…) will be  promoted AXIS 7: Constant Development of Human Capital  The goal is to use education and training as the key tools that will  contribute to enhancing competitiveness, productivity, innovation  and the country’s dynamics AXIS 8: Promoting Balanced Regional and Rural  Development  Geographical and social cohesion will be promoted
  • 10.  Employment, Human Capital and Social  Cohesion OP  Sustainable Development and  Competitiveness OP 
  • 11.  National Strategy Reports on Social  Protection and Social Inclusion 2008 – 2010   Increasing employment by obtaining and  expanding work positions, promoting  entrepreneurship, securing employability,  especially of older persons and women
  • 12. 1. Reducing the risk of poverty and social  exclusion2. Promoting active integration of  vulnerable groups of the population into  the labor market3. Preventing the social exclusion of children.4. Modernizing institutions for strengthening  procedures and policies for social cohesion
  • 13.  Policies for promoting active integration  to further improve the  employability and integration of vulnerable groups of the  population into the labor market, reinforcing the socio‐economic  position of these groups and facilitating their social inclusion  Functional restructuring and decentralization of the Public  Employment Services  Reinforcement and strengthening of their personnel  vocational training, lifelong learning for persons who are  dependent on welfare benefits, for persons with disabilities,  elderly persons, young persons and women  Promotion of entrepreneurship among women and  young persons, the creation of new job positions, the  development of the field of social economy, are some  examples of active employment policies
  • 14.  58,9% of total resources of the period 2007‐2013  for actions/ projects to contribute to the  achievement of priorities of the Lisbon Strategy Revised Lisbon Strategy Objectives  Creating a more attractive environment for  investments and work  Reinforcing development through knowledge and  innovations  Creating more and better jobs
  • 15.  NSSI: integration /reintegration of third country nationals into Cypriot  society,   provision of social services to foreigners,   vocational training of refugees,   protection of unaccompanied (foreign) minors,   programs for learning the Greek language for minor applicants for asylum or  children of applicants  formulation of a new strategy for the effective management of employment of  foreigners are some measures and actions that promote the social inclusion of  foreigners who live and work in Cyprus To my knowledge no targeted Entr. Policies for ethnic minorities … Examples of Self‐motivated (ethnic Supermarkets, Restaurants)  In need of policies that teach “how to fish” and not provide the  fish in a platter, to empower and integrate 
  • 16.  Women Entrepreneurship Program – MCIT  women up to 55yrs   Frozen….. Indirect:  NSSI Priorities for integration/reintegration of  economically inactive women into the labor force,  the development of care services for children, elderly  persons and other dependent persons   the promotion of flexicurity and flexible  arrangements at work, support basic policy measures,  enhancing the reconciliation of family and professional life
  • 17.  Grant Scheme for inclusion in labor force under flexible  terms – MoL (KEPA)  Attract in the labor force economically inactive ▪ women ▪ older people ▪ People looking for work with flexible schedule because of family  obligations ▪ Unemployed  Subsidize flexible job positions to encourage employers  €3m CY Operational Plan on Employment, Human Capital and  Social Cohesion 2007‐2013   Priority 2: Enlargement of labor force and social cohesion  Target Α: Increase of labor force  and women employment
  • 18.  Young Entrepreneurship Program – MCIT  Structural Funds program  young people 20‐39 yrs (F&M)   Launched 3rd Call Nov 26th 2012  Deadline Feb 28th 2013  Budget  ▪ Manufacturing €140.000 ▪ eCommerce, Services, Tourism €100.000  Funding: 50%
  • 19.  Grant Scheme for training unemployed  graduates, MoL (KEPA)  Entrepreneurship Development Postgraduate Diploma in Management ‐ Mediterranean Institute  of Management  MIM, MoL (KEPA)  For young unemployed graduates (non‐business)  Combines courses with 6+6 weeks of Business  internship  Entrepreneurship & Personal Dev. Course
  • 20.  Training for unemployed– HRDA  Computers, English, Secretarial Skills  100 hrs of training  Subsidy: Participants completing program €8/hr of training Placement Program for unemployed – HRDA  8 week placement programs  €200/ week of placement NOT direct Entrepreneurship
  • 21.  Training for inactive women– HRDA  Computers, English, Secretarial Skills  16o hrs of training  Subsidy: Participants completing program €8/hr of training Placement Program for unemployed – HRDA  10 week placement programs  €200/ week of placement NOT Entrepreneurship
  • 22. Concerns & Recommendations
  • 23. Wrong Philosophy 1. We talk about third‐party  provided employmentNOT job creation ‐ENTREPRENEURSHIP 2. When we do talk about  entrepreneurship NOT an across the board approach
  • 24.  Holistically Comprehend Entrepreneurship   business & job creation  Mindset Actively integrate in teaching/training  of   Entrepreneurship Development  Entrepreneurial MINDSET ▪ Creativity  drive to innovation ▪ Out of the box thinking ▪ Problem solving ▪ Teamwork
  • 25.  Promote supporting culture Embrace business failures as a lesson Promote (local) success stories Motives for business creation Enable entrepreneurship across the board Entrepreneurial teachings from kindergarten INVEST  IMPLEMENT
  • 26. BE THE CHANGE.BE CRAZY.
  • 27. Thank youskofteros@diogenes.com.cy

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