The document discusses how increasing startup activity among European youth can help reinvigorate Europe's economy and shift it away from its current "Old Europe" model. It argues that Europe needs to foster more entrepreneurship and creativity through reforms to education, investing more in venture capital, and promoting an entrepreneurial culture to help startups succeed. With these changes, the author believes startup activity can help turn Europe young again economically and drive longer-term sustainability.

1. Turning Europe Young Again: The “Startup Revolution” Dimitris Tsigos President YES – European Confederation of Young Entrepreneurs

2. Youth of Europe Unemployment It’s not the problem, it’s a symptom of the problem The recovery of the global economy has been proven fragile The youth of Europe has to make a decision on their future Shall we change things?

3. If Europe was a person Would probably be a very conservative person Also, a rather old person Old persons – usually – have lower dynamism, don’t like risk-taking, go the safe way Do we really like this Old Europe?

4. Who is gonna create the necessary economic dynamism? The Youth of Europe!

5. How?

6. Very simple. By starting-up! Startups are creating new jobs! “ Employment Boost: 83% of U.S. Startups Plan To Hire in 2011” http ://mashable.com/2011/04/22/startup-outlook/

7. We all need to start-up! We need to inspire CREATIVITY In the educational system In life-long learning In the whole society It’s not fancy only to consume any more, it’s even fancier to produce!

8. Has the World realized the necessity to start-up?

13. What about the StartupEurope initiative? We all look forward to it! Let’s do it!

14. Are we really trying to start-up? VC Spending per capita US: $100 EU: $10 Euro-zone: $5 Israel: $250 Israel alone invests more in VC than Germany, France & UK together

15. Can we really start-up in Europe? According to EBAN – European Business Angels Network, the volume of early-stage investments in 2009 has been … US: $18B EU: 4B While EU27 GDP has been considerably higher than the US GDP Entrepreneurship can turn ‘Old Europe’ young again!

16. Why to Start-up? “ The mission of a company is to maximize shareholders value” … as well as to get very high bonuses!

17. Sorry, not any more. This model (thank God!) collapsed together with Lehman Brothers Not sure that everybody has realized this fact.

18. So, what is it all about? Entrepreneurship was supposed to be just about making money Now it’s about materializing creativity! It’s actually about happiness  It’s about building a new kind of relationship with labor, based on the joy of creating!

19. What’s the new key-word? Sustainability ! We need to push for the “ecosystem approach” in European start-ups

20. Entrepreneurship & Education There is a missing link in the European educational & research system R&D – Startups Failure stories in the subsidized R&D projects We need to boost creativity in the educational system Result orientation Culture of failure!

21. If you’re afraid of failing… … then you simply don’t try!

22. Creating opportunities Short-term Access to capital Special focus to increased availability of risk financing Beware of the death valley! Mid-term Access to market Materialize the “Single European Market” concept for enterprises Long-term Entrepreneurial culture Promotion of new development models based on the regional competitive advantages & culture The end of Fordism

23. So, is there a crisis after all? Yes, but it’s not financial. The crisis is political. The solution can only be political!

24. What about Europe? No, the end of the world is not coming.

25. We must be optimistic! Europe is far more sustainable both from the US and from China No over-debt, no over-consumption Reasonable conditions in the labor market Mid-term we need to address the issue of political integration

26. The time to get Europe truly united is coming!

27. Thank you 