News from INSME
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- Why the World needs Women Entrepreneurs
- The European Startup Monitor (ESM): the Growing Influence of Young Enterprises on the European Economy
- Fundamentals for Being a Modern-Day Gladiator 101: Having a Shield in the Global Marketing Arena
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2016 Conference of the Global Forum on Productivity: Structural Reforms for Productivity Growth
7 - 8 July 2016
Organized by the OECD
Regional Meeting on Update Study on the Index of Public Policies for SMEs in Latin America and the Caribbean
8 July 2016
San José, Costa Rica
Organized by SELA and the DG for Support to Small and Medium Enterprises (DIGEPYME) of the Ministry of Economy, Industry and Trade (MEIC) of Costa Rica
World Investment Forum 2016
17 - 21 July 2016
Organized by UNCTAD
- Picks in the News
The webinar will discuss relevant trends in the dynamic innovation ecosystem characterized by the Triple Helix interaction of government-universities-business and will highlight the success factors that startups should consider nowadays.
The webinar will feature the practical business experience of Mr. Adriano La Vopa who is currently working as expert in Open Innovation with suppliers for Philips and is also partner in Innoventually and Mr. Daniel Satinsky, Vice President for Business Development at Foresight Science & Technology, Inc.
The European Investment Fund -EIF is one of the leading institutions in the European venture capital market and works to establish a sustainable venture capital market in Europe to support innovation and entrepreneurship.
With the aim to present the results of the work done during the last 20 years, EIF is releasing a series of publications analysing its activities in the venture capital market and assessing the economic impact on European startups and on the whole VC ecosystem.
The first issue on “The European venture capital landscape: an EIF perspective” offers insights on the key role played by EIF in sustaining investment and fundraising activities across Europe. Interesting data are also shared, for example it is reported that the investment activity supported by EIF represented 41% of total investments in Europe in 2014 (29% in 2007). The publication also includes a focus on the geographical analysis of the portfolio of EIF-backed startups.
According to the data collected the Research and Market analysis team that produced the publication, EIF investments effectively crowded-in additional capital from other VC investors in the aftermath of the recent economic crisis.
Further publications will follow to share results and future perspectives of EIF activities in VC.
Entrepreneurship is more and more considered as one of the key to overcome the current economic difficulties and to respond to the high unemployment rate. However many people have to face challenges when they decide to start a business, they have to deal with issues like access to finance, the lack of skills and business network. These difficulties affect in particular disadvantage groups like youth, women, ethnic minorities and others.
Inclusive entrepreneurship policies are thus required to encourage business creation. In this regard the Centre for Entrepreneurship, SMEs and Local Development of the OECD and the Directorate-General for Employment, Social Affairs and Inclusion of the European Commission have recently published “Inclusive Business Creation” meant to be a compendium of good practices that might be a source of inspiration for policy makers at national, regional and local level.
The publication collects a series of case studies from the European Union showing a range of options that policy makers have to support inclusive business creation and identifies several keys to success, such as:
- the adoption of a clear strategy that includes inclusive entrepreneurship policies and programmes;
- the definition of clear objectives and targets for policy intervention;
- the use specialized trainers and advisers.