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YES  European Confederation  of Young Entrepreneurs  Dimitris Tsigos President [email_address]
About YES <ul><li>Background </li></ul><ul><ul><li>The European Confederation of Young Entrepreneurs </li></ul></ul><ul><u...
About YES <ul><li>Objectives </li></ul><ul><ul><li>Promote access-to-capital and improve access-to-market for European You...
Entrepreneurship and Innovation in Europe <ul><li>Young Entrepreneurs in Europe cannot be satisfied by the current entrepr...
Entrepreneurship and Innovation in Europe <ul><li>The academic & research community in many European countries is less ent...
The Common Market <ul><li>The common European market still remains an objective </li></ul><ul><ul><li>Very few companies c...
A Strategy for Improving Entrepreneurship in Europe <ul><li>Short-term: Access to capital </li></ul><ul><ul><li>Immediate ...
The YES Action Plan  [1/2] <ul><li>Boost start-up entrepreneurship </li></ul><ul><ul><li>We envision Europe as a start-up ...
The YES Action Plan  [2/2] <ul><li>Materialize the common market </li></ul><ul><ul><li>We support our members to consider ...
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European Young Entrepreneurs

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Transcript of "European Young Entrepreneurs"

  1. 1. YES European Confederation of Young Entrepreneurs Dimitris Tsigos President [email_address]
  2. 2. About YES <ul><li>Background </li></ul><ul><ul><li>The European Confederation of Young Entrepreneurs </li></ul></ul><ul><ul><li>Founded in 1988 </li></ul></ul><ul><ul><li>18 Countries </li></ul></ul><ul><ul><ul><li>12 EU Member States, Turkey, Serbia, Montenegro, Albania, Ukraine, Kazakhstan </li></ul></ul></ul><ul><ul><li>40.000 YE </li></ul></ul><ul><ul><li>18-45 years old </li></ul></ul>
  3. 3. About YES <ul><li>Objectives </li></ul><ul><ul><li>Promote access-to-capital and improve access-to-market for European Young entrepreneurs </li></ul></ul><ul><ul><li>Develop entrepreneurial culture and improve education & training in entrepreneurship </li></ul></ul><ul><ul><li>Influence towards a more entrepreneurship-friendly legal framework across Europe </li></ul></ul><ul><ul><ul><li>Bankruptcy law </li></ul></ul></ul><ul><ul><li>To foster business cooperation and networking activities between young entrepreneurs </li></ul></ul><ul><ul><li>Establish links with entrepreneurial organizations in Europe and elsewhere </li></ul></ul><ul><ul><li>To maintain an ongoing dialogue with the Institutions of the European Union </li></ul></ul>
  4. 4. Entrepreneurship and Innovation in Europe <ul><li>Young Entrepreneurs in Europe cannot be satisfied by the current entrepreneurial culture and activity </li></ul><ul><li>In comparison to the US & Canada, or even the BRIC countries, one could argue that European entrepreneurship is conservative and slow-moving </li></ul><ul><ul><li>According to EBAN, angel investments in Europe are approx. 4 Bn € Vs 19 Bn € in the US </li></ul></ul><ul><ul><ul><li>While EU27 GDP is ~ 20% higher than US </li></ul></ul></ul><ul><ul><li>VC investments per capita </li></ul></ul><ul><ul><ul><li>US: $100 </li></ul></ul></ul><ul><ul><ul><li>EU: $10 (Eurozone: $5) </li></ul></ul></ul><ul><ul><ul><ul><li>Israel alone invests more in VC than Germany, UK and France together </li></ul></ul></ul></ul>
  5. 5. Entrepreneurship and Innovation in Europe <ul><li>The academic & research community in many European countries is less entrepreneurship-oriented than in the US & Canada </li></ul><ul><ul><li>European leadership in R&D can result to leadership in entrepreneurship </li></ul></ul><ul><ul><li>There are some missing parts of the “entrepreneurial ecosystem”, mainly risk financing and entrepreneurial culture, together with barriers imposed by the legislation </li></ul></ul>
  6. 6. The Common Market <ul><li>The common European market still remains an objective </li></ul><ul><ul><li>Very few companies consider “Europe” as their domestic market </li></ul></ul><ul><ul><li>Cultural barriers proven harder to overcome than legal / regulatory </li></ul></ul><ul><ul><li>Many European startups find Distributors and VARs in countries like US, Canada & Australia easier than they do in Europe </li></ul></ul>
  7. 7. A Strategy for Improving Entrepreneurship in Europe <ul><li>Short-term: Access to capital </li></ul><ul><ul><li>Immediate results </li></ul></ul><ul><ul><li>Focus to angel investments & soft-loans </li></ul></ul><ul><ul><li>EU-funded schemes for leveraging angel investments </li></ul></ul><ul><li>Mid-term: Access to markets </li></ul><ul><ul><li>Efficient mediation services for supporting small, growing businesses to access customers all around Europe and in any other region </li></ul></ul><ul><ul><li>Support European startups to access the global market </li></ul></ul><ul><ul><li>Know how transfer from successful entrepreneurs </li></ul></ul><ul><li>Long-term: Build entrepreneurial culture </li></ul><ul><ul><li>Changes to the educational system towards creativity and self-confidence </li></ul></ul><ul><ul><li>The European society should accept entrepreneurship, especially startups, as a progressive activity </li></ul></ul>
  8. 8. The YES Action Plan [1/2] <ul><li>Boost start-up entrepreneurship </li></ul><ul><ul><li>We envision Europe as a start-up paradise </li></ul></ul><ul><ul><ul><li>Quality of life and cultural heritage in Europe are ideal for creative startups </li></ul></ul></ul><ul><ul><li>Combined efforts to overcome the access-to-capital barrier </li></ul></ul><ul><ul><ul><li>Cooperation with EBAN – The European Business Angels Network and the European Investment Fund </li></ul></ul></ul><ul><ul><ul><li>Strategic cooperation with the “Entrepreneur Commons” movement </li></ul></ul></ul><ul><ul><ul><ul><li>World-wide peer support group for entrepreneurs </li></ul></ul></ul></ul>
  9. 9. The YES Action Plan [2/2] <ul><li>Materialize the common market </li></ul><ul><ul><li>We support our members to consider “Europe” as their domestic market </li></ul></ul><ul><ul><ul><li>It’s better to have a domestic market of 500M people! </li></ul></ul></ul><ul><ul><li>Organize quarterly B2B match-making events </li></ul></ul><ul><ul><ul><li>Connect customers and suppliers from different EU member States and other European Countries </li></ul></ul></ul><ul><ul><ul><li>Boost the creation of Distribution and VAR networks </li></ul></ul></ul><ul><ul><li>We are working closely with Enterprise Europe Network </li></ul></ul>
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