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College of Europe

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The slides of my presentation at the College of Europe on "Developing Entrepreneurial
Cooperation toward a Common
Greek-Turkish Future in Europe"

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College of Europe

  1. 1. “ Developing Entrepreneurial Cooperation toward a Common Greek-Turkish Future in Europe” Tuesday, April 5 th 2011 College of Europe, Bruges, Belgium
  2. 2. YES European Confederation of Young Entrepreneurs Dimitris Tsigos President [email_address]
  3. 3. 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>16 Countries </li></ul></ul><ul><ul><ul><li>11 EU Member States, Turkey, 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>
  4. 4. 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>
  5. 5. 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>
  6. 6. 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>
  7. 7. 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>
  8. 8. 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>
  9. 9. 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>
  10. 10. 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>
  11. 11. “ Developing Entrepreneurial Cooperation toward a Common Greek-Turkish Future in Europe” An entrepreneurial approach for the creation of economic, social and national synergies between Greece and Turkey
  12. 12. Turkey and Europe <ul><li>Minor Asia and Black Sea region have geographically been a part of Europe of thousands of years </li></ul><ul><li>From the ancient Greek era, to the Eastern Roman Empire and to modern Turkey </li></ul><ul><li>We do believe that entrepreneurial cooperation can develop social, economic and national synergies that will make possible to overcome any possible tension, either from historical reasons or from current conflicts of interest </li></ul>
  13. 13. Developing on common assets <ul><li>Greece and Turkey share assets </li></ul><ul><ul><li>Climate </li></ul></ul><ul><ul><li>History </li></ul></ul><ul><ul><li>Gastronomy </li></ul></ul><ul><ul><li>Geography </li></ul></ul><ul><li>These factors are ideal for the development of tourism industry </li></ul><ul><li>Currently there exists limited cooperation between Greece and Turkey in the tourism sector </li></ul>
  14. 14. Global competition <ul><li>Greece </li></ul><ul><ul><li>Approximately 15 millions of tourists per year </li></ul></ul><ul><li>Turkey </li></ul><ul><ul><li>Approximately 25 millions of tourists per year </li></ul></ul><ul><li>….while Paris alone, hosts more than 50 millions of tourists per year </li></ul><ul><li>There exists a very high international competition, need for common actions by Greece and Turkey </li></ul>
  15. 15. Destination marketing <ul><li>ESYNE and TUGIAD, both YES members, are working on a Destination Marketing project aiming to promote “Aegean” as a leading destination, worldwide </li></ul><ul><li>Indeed, the Aegean region is one of the richest on the planet in terms of history and culture </li></ul><ul><ul><li>While it has unique geographical conditions </li></ul></ul><ul><ul><li>Ideal for different kinds and choices of tourists </li></ul></ul><ul><li>Special focus to the US and Canadian market </li></ul><ul><ul><li>Limited arrivals from those regions in comparison to market volumes </li></ul></ul>
  16. 16. The implementation <ul><li>ESYNE and TUGIAD are planning to promote a number of different “Journeys in the Aegean” </li></ul><ul><ul><li>Duration of approximately 10 days </li></ul></ul><ul><ul><li>Shared between Greece and Turkey </li></ul></ul><ul><ul><li>Exploring history, culture and gastronomy </li></ul></ul><ul><ul><li>Offering unique travel experience </li></ul></ul>
  17. 17. Young Entrepreneurs Aim High <ul><li>ESYNE and TUGIAD suggest that the sum of arrivals in Greece and Turkey, currently 40 millions of tourists per year, can grow by a factor of 5, reaching 200 millions </li></ul><ul><li>ESYNE and TUGIAD suggest that the Aegean region does offer unique competitive advantages for the tourist industry and with the right destination marketing it can become a leading international destination </li></ul><ul><li>Such a project will turn the Aegean Sea from a region of conflicts & tension to a region of synergies, creating a common European future for Greece and Turkey! </li></ul>
  18. 18. Thank you 

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