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European Young Entrepreneurs

European Young Entrepreneurs



Presentation of YES - European Confederation of Young Entrepreneurs

Presentation of YES - European Confederation of Young Entrepreneurs



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    European Young Entrepreneurs European Young Entrepreneurs Presentation Transcript

    • YES European Confederation of Young Entrepreneurs Dimitris Tsigos President [email_address]
    • About YES
      • Background
        • The European Confederation of Young Entrepreneurs
        • Founded in 1988
        • 18 Countries
          • 12 EU Member States, Turkey, Serbia, Montenegro, Albania, Ukraine, Kazakhstan
        • 40.000 YE
        • 18-45 years old
    • About YES
      • Objectives
        • Promote access-to-capital and improve access-to-market for European Young entrepreneurs
        • Develop entrepreneurial culture and improve education & training in entrepreneurship
        • Influence towards a more entrepreneurship-friendly legal framework across Europe
          • Bankruptcy law
        • To foster business cooperation and networking activities between young entrepreneurs
        • Establish links with entrepreneurial organizations 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
        • VC investments per capita
          • US: $100
          • EU: $10 (Eurozone: $5)
            • Israel alone invests more in VC than Germany, UK and France together
    • Entrepreneurship and Innovation in Europe
      • 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
        • There are some missing parts of the “entrepreneurial ecosystem”, mainly risk financing and entrepreneurial culture, together with barriers imposed by the legislation
    • 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