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Growth through Entrepreneurship
- The 5-Minute Briefing

Published in: Business, Technology
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  1. 1. { grow }<br />
  2. 2. the fifth conference <br />
  3. 3. { 2009 }<br />growth through entrepreneurship<br />
  4. 4. { 2009 }<br />interviews in Belgium<br />but also in<br />UK, US, SA, India, China<br />
  5. 5. the point:<br />collate ideas on how to get this country growing<br />through entrepreneurship<br />
  6. 6. read the interviews and edito’sonline or get the journal<br /><br />
  7. 7. join the conversation online<br />
  8. 8. this<br />is the 5 minute version<br />
  9. 9. { grow }<br />
  10. 10. why grow?<br />
  11. 11. {1776}<br />Adam Smith made the point...<br />“It is in the progressive state, while the society is advancing <br />to the further acquisition, rather than when it has acquired <br />its full complement of riches, that the condition of the great <br />body of the people seems to be the happiest and the most <br />comfortable.”<br />
  12. 12. “It is hard in the stationary, and miserable in <br />the declining state.”<br />
  13. 13. {2005}<br />so did Benjamin Friedman...<br /> economic growth seems to make people more tolerant, less <br />prone to violent dispute and keener on democracy. <br />economic decline, on the other hand, is associated with social <br />strife, intolerance and authoritarianism. <br />
  14. 14. what about the environment <br />and<br /> depleting resources?<br />
  15. 15. is this the age of stupid?<br />Franny Armstrong<br />
  16. 16. growth = progress<br />it is not necessarily about more, more, more...<br />
  17. 17. a better world is still possible<br />poverty & inequality<br />work-life balance<br />health<br />quality of food <br />environment<br />liveable cities<br />
  18. 18. ‘growth must improve the condition of people’<br />‘are you developing enough...that is the key question’<br />Karel Van Eetvelt, managing director Unizo<br />
  19. 19. { Belgium }<br />Status<br />
  20. 20. compared to The Netherlands, Denmark and Switzerland <br />lower per-capita GDP<br /> Belgium = slower economic growth<br />lower score Global Competitiveness Index (WEF)<br />
  21. 21. we got wealthythrough<br />FDI , entrepreneurship & export<br />
  22. 22. but all are in decline<br />
  23. 23. structural fault lines:<br />
  24. 24. ageing population <br />+<br />high structural unemployment<br />+<br />high proportion of ‘subsidised employment’<br />
  25. 25. = low societal productivity<br />
  26. 26. highest tax wedge in the world<br />=<br />high wage costs<br />=<br />declining competitiveness of exporters <br />
  27. 27. ‘a culture of contentment’<br />Luc De Bruyckere, Chairman VOKA<br />we’ve become ‘immune’ to the crisis<br />Wilson De Pril, Director-General AGORIA Flanders<br />
  28. 28. { start-ups }<br />
  29. 29. just do it<br />“Do not wait for someone to recruit you. Create your own job. Start a business....”<br />Guillaume Vanderstighelen, co-founder Duval Guillaume<br />
  30. 30. free up the idea<br />“Don’t be secretive about your idea. Ideas need to be free. All ideas will be copied. It’s execution that matters.”<br />Sebastien de Halleux, co-founder & coo Playfish<br />
  31. 31. mix things up<br />“That’s what I do on a daily basis. I mix things up and look for new spaces.”<br />Sven Bally, co-founder Colibricard<br />
  32. 32. define the value<br />“Finding core value starts with scarcity.”<br />Sacha Vekeman, co-founder Mobiya<br />“A company is not a business; it’s just a legal entity. You decide if it becomes a business or not.”<br />Jeroen Meens, co-founder Cynex<br />
  33. 33. do not start alone<br />“Start with the right people; you can’t do it alone”<br />Hans Nissens, ceoOxynade<br />“Management experience is not the same as entrepreneurial experience”<br />James Thompson, director Wharton Societal Wealth Program<br />
  34. 34. think big, start small<br />“Too often, people try to build everything at once but end up building nothing.”<br />Brice Le Blévennec, director EMAKINA<br />“It can also be done with limited resources. At least, if one has enough imagination.”<br />Maarten Van Laere, co-founder & ceoServerscheck<br />
  35. 35. cash is king<br />“Cash flow, cash flow – manage it hard. Someone who owes you money is running their business on your cash.”<br />Neil Watson, co-founder Digital Planet (South Africa)<br />
  36. 36. { growth companies }<br />
  37. 37. growing is difficult, <br />growing consistently is even more difficult<br />
  38. 38. the growth formula...<br />
  39. 39. innovate<br />“Ideas are our raw materials, but even more important are the people who work with these ideas.”<br />Hans Bourlon, joint ceo Studio 100<br />“If you’re a rebel, you also stir up that bit of rebelliousness in your people”<br />LievenMessiaen, ceo Modular Lighting<br />“It’s in the confrontation that new things emerge”<br />Koen Vanmechelen, artist creator of the Cosmopolitan Chicken Project<br />
  40. 40. internationalise<br />“The know-how which we accumulated is being projected on to other countries, adapted to the local legislation”<br />Luc Desender, ceoElectrawinds<br />“It’s time Belgium became the access point to Europe.”<br />Luc Missinne, managing director Porter Novelli Belgium<br />
  41. 41. choosegrowthmarkets<br />“You can only grow if there is enough demand for your product”<br />Luc Desender, ceoElectrawinds<br />
  42. 42. take the money<br />“If capital is offered take as much as you can... Don’t delay, think big, much bigger.”<br />Peter Grognard, ceoSeptentrio<br />
  43. 43. governance<br />“You need to structure yourself, organise yourself, to make sustainable growth possible. Otherwise your company simply cannot outlive you.”<br />Luc De Bruyckere, chairman VOKA and TerBeke<br />
  44. 44. { fixing the system }<br />
  45. 45. foundations: fixing the welfare model<br />
  46. 46. reform labour market for more flexibility<br />
  47. 47. reduce taxes on wages<br />
  48. 48. get rid of tax imbalances<br />
  49. 49. more efficient government administration<br />
  50. 50. strategy: invest in the future<br />
  51. 51. investing in strategic sectors<br />Flanders in Action (VIA)<br />Marshall Plan Wallonia<br />
  52. 52. tech transfer<br />“The aim is to create one or two spin-offs per year”<br />Ann-Pascale Bijnens, director tech transfer University of Hasselt<br />“We’re focused mainly on creating the right environment for our start-ups. We do this by leveraging not only our faculty, ... but also our network beyond the institute”<br />Pranay Gupta, joint ceo CIIE Ahmedabad India<br />
  53. 53. teaching entrepreneurship<br />“Our programme is 50% engineers & scientists from UCL and 50% MBA students from LBS. That’s turning out to be a very powerful course..”<br />Keith Willey, Associate Professor London Business School<br />“Our focus is to improve the international capabilities of our SMEs. .. We do that via our training programmes but we’ve also developed an international network of advisors”<br />Andy Hamilton, ceo The ICEHOUSE Auckland New Zealand<br />
  54. 54. entrepreneurial eco-system<br />“The US101 is the life artery of a distinct and vibrant community”<br />Filip Tack, ceoNomadesk<br />BetaGroup attracts 1500 members...<br />
  55. 55. schools & culture change<br />“We need a process of cultural change”<br />Luc De Bruyckere, Chairman VOKA & TerBeke<br />“Entrepreneurship is an attitude! You need to be challenged; you need to be hit on the head occasionally!”<br />Vincent Van Quickenborne, Minister for Entrepreneurship & Reform, Belgian Government<br />
  56. 56. entrepreneurs taking responsibility<br />“Give me a shout if I can help!”<br />Inge Geerdens, ceoCVWarehouse<br />
  57. 57. { grow }<br />it’s urgent<br />
  58. 58. thank you<br />Belgacom<br />Cegeka<br />Getronics<br />ING <br />Keyware<br />University of Hasselt<br />Vlerick Leuven Gent Management School<br />
  59. 59.<br />