Commission presents the Entrepreneurship 2020 Action Plan
The Entrepreneurship Action Plan is a blueprint for decisive action to unleash Europe’s entrepreneurial potential, to remove existing obstacles and to revolutionise the culture of entrepreneurship in Europe. Investments in changing the public perception of entrepreneurs, in entrepreneurship education and to support groups that are underrepresented among entrepreneurs are indispensable if we want to create enduring change.
The Entrepreneurship Action Plan is a blueprint for decisive action to unleash Europe’s entrepreneurial potential, to remove existing obstacles and to revolutionise the culture of entrepreneurship in Europe. Investments in changing the public perception of entrepreneurs, in entrepreneurship education and to support groups that are underrepresented among entrepreneurs are indispensable if we want to create enduring change. Only if a large number of Europeans recognise an entrepreneurial career as a rewarding and attractive option will entrepreneurial activity in Europe thrivein the long term.
In order to exploit the potential of entrepreneurship education, the Commission will take a number of actions, among other things including those to:
- Develop a pan-European entrepreneurial learning initiative for impact analysis, knowledge sharing, development of methodologies and peer mentoring between practitioners from Member States;
- Reinforce co-operation with Member States to assess the introduction of entrepreneurship education in each country and to support public administrations wishing to learn from successful peers;
- Establish, jointly with the OECD, a guidance framework to encourage the development of entrepreneurial schools and VET institutions.
- Endorse successful mechanisms of university-driven business creation (spin-offs etc.) and emerging university-business ecosystems around key societal challenges.
- Finance programmes aimed at developing a market for microfinance in Europe, and make resources for micro-financing available to Member States and regions.
- Facilitate the direct access of SMEs to the capital market through the development of an EU regime for venues specialised in the trading of shares and bonds issued by SMEs (“SMEs growth markets).
- Identify and promote Member States best practices with a view to create a more entrepreneur-friendly fiscal environment;
- Support the cooperation between clusters and business networks;
- Reinforce the partnerships and capabilities of the Enterprise Europe Network with hosting organisations, the Single Points of Contact and all SME support organisations; to spread information on EU initiatives, sources of finance, and support for innovation, encourage Member States to help increase investment readiness of entrepreneurs and SMEs and help businesses fully benefit from the Single Market and access markets in third countries;
- Revise the rules prohibiting misleading marketing practices to strengthen enforcement against such practices in cross-border cases.
- Unlock the full potential of the Digital Single Market for SMEs by tackling existing barriers to cross-border online business.
- Continue the development of the Erasmus for Young Entrepreneurs programme to meet the increased demand for participation in the EU and encourage exchanges of young entrepreneurs between the EU and external countries.
- Help Member States develop integrated support schemes through seminars financed by ESF technical assistance.
- Continue to develop the Your Europe Business portal with information on the Single Market from both the Commission and Member States.
- It is also stated in the draft document that investing in digital technologies is no longer a choice: companies can nowadays only be competitive when they embrace the digital world. Digital entrepreneurs are those entrepreneurs that fully exploit digital products and services, including “cloud computing”, to reinvent their business models and sharpen their competitiveness. The EU initiatives “Smart use of information technologies and the integration of SMEs in global industrial value chains”, and e-Skills will promote the uptake of digital technologies and connect SMEs to the digital world.
The Commission will help entrepreneurs and SMEs to fully exploit the potential of ICT and smart use of these technologies by:
- Fostering the knowledge base of major market trends and innovative business models, by establishing an online Market Monitoring Mechanisms and a Scoreboard, in cooperation with the main stakeholders, to facilitate dialogue and lead to a shared agenda for action.
- Raising awareness through a Europe-wide information campaign for entrepreneurs and SMEs on the benefits from the new digital evolutions;
- Facilitating networking to spark and support new business ideas, such as: the creation of a European Mentors Network for training, advice and hands-on coaching on how to do business in the digital age, and match-making events among stakeholders to explore new partnerships. Launch specific actions for Web entrepreneurs such as: i) a Start-up Europe Partnership, ii) a Web Entrepreneurs Leaders Club; iii) a European network of web business accelerators; iv) to increase the flow of Venture Capital and crowd funding; and v) stimulating the emergence of Massive Online Open Courses and setting up mentoring skill building platforms.
- Strengthening competences and skills by intensifying E-skills actions to improve e-leadership skills, scientific and creative disciplines, and managerial and entrepreneurial skills to address new technological and markets.
(Source: EC Press Release here)
Read the draft report by the European Commission here.