News from INSME
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- Innovation Management for Sustainable Growth: the case of Koza Yönetim, the IMP3rove award winner of 2014
- Protecting your business in Singapore
- Inclusive innovation or inclusive growth? The evolutionary dilemma at the “Davos in action” Summit
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XIII Triple Helix International Conference 2015
21-23 August 2015
Organized by Triple Helix Association
2015 UNESCO - WTA International Training Workshop
22 - 25 September 2015
Organized by UNESCO, WTA & Daejeon Metropolitan City
14-16 October 2015
Organized by Hainaut Developpement, the Chamber of Commerce and the Exporters' Club of Belgian Province of Luxembourg, SPI, BEP and in partnership with AWEX
- Picks in the News
EIF Working Paper n. 29: The Economic Impact of EU Guarantees on Credit to SMEs – Evidence from CESEE Countries
The European Investment Fund (INSME Member) has just released its 29 working paper on “The Economic Impact of EU Guarantees on Credit to SMEs – Evidence from CESEE Countries“ which is a joint paper with the European Commission, building on a joint project in the framework of the so-called Vienna initiative.
In particular EIF carried out an impact assessment of the EU SME Guarantee Facility (SMEG)'s loan window under the Multi-Annual Programme for Enterprise and Entrepreneurship, and in particular for Small and Medium-sized Enterprises (MAP), focusing on Central, Eastern and Southeastern Europe countries' beneficiaries. The loan window of the MAP guarantee facility for SMEs provided guarantees on loans to borrowers by covering a share of the default risk of the loan. Financial intermediaries participating in the SMEG MAP were public and mutual guarantee institutions, as well as microfinance institutions and commercial or publicly-owned or controlled banks.
The paper shows that the EU SME Guarantee Facility in the CESEE region had a positive impact on firms’ employment: indeed beneficiary firms increased their workforce by 17.3% compared to control groups, within the first 5 years from the issuance of the loan. By the 5th year from the signature date, MAP beneficiaries also increased their turnover by 19.6% compared to non-beneficiaries firms. However, MAP beneficiaries tackled a temporary slowing down in productivity, probably mainly due to allocative inefficiencies following the MAP-induced increase in their production factors.
IMP³rove (INSME Member from Germany) – the European Innovation Management Academy has launched the International IMP³rove Award 2015, which aims to highlight and promote leading management practices for innovation management.
The Award will be granted to organizations that have demonstrated impressive sustainable growth based on systematic innovation management. Companies of all sizes and at least 5 years in business that grow profitably from innovative products, services, processes, organizational or business models are eligible to participate in the International IMP³rove Award.
The winner will enjoy international visibility as innovation champion in the media, on the IMP³rove Academy and A.T. Kearney websites as well as during the Turkish Innovation Week and will win an exclusive full-day innovation management workshop with an internationally re-known expert.
The deadline for submission is the 30th of September 2015.On the occasion of the Global Innovation Conference of the International Aeronautical Foundation held in Munich, Germany from the 23rd to the 25th of June the European Trade Association for Business Angels, Seed Funds and Early Stage Market Players – EBAN (INSME Member) and the European Space Agency- ESA announced a partnership to help start-up entrepreneurs active in space related actvities professionalize their businesses and value propositions and to encourage public and private investors to see space related business as a most attractive investment oppurtunity.EBAN and ESA will work closely together to support entrepreneurs to turn space connected ideas into commercial opportunities. The partnership will involve ESA Business Incubation Centres and EBAN Members across Europe with regular selection, pitching and mentoring activities leading up to investment. Futhermore ESA BICs entrepreneurs will participate in EBAN regular events as well as in specific events to make ESA BICs start-ups more investor ready and EBAN’s early-stage investment community to better understand “space and space-tech”.