The INSME Association
INSMEInsights on the 17th session of the INSMEAcademy
It is Time for Online Acceleration
New Times Require New Methods
A globalized world requires companies and intermediaries to engage customers in the most rapid way on a global scale rather than just a local one.
In the last session of the INSMEAcademy Mr. Mendelson, Managing Director of EAI 360 stated that many of the elements that compose the local eco-system (infrastructure, team, local stakeholders etc.) make it harder to broaden out the company’s marketing strategy in favour of a truly global outreach. As a result a growing need has been identified for a platform aggregating entrepreneurs and innovators from different countries and innovation backgrounds in a single place. To meet this need Mr. Mendelson lined out the possibility to benefit from the online semi-automated innovation ecosystem. By using virtual acceleration programmes, companies might:
- reduce time to market;
- improve products’ market fit;
- get mentoring services and benefit from different points of view regardless of the location;
- increase funding opportunities outside of the company’s scope;
- be engaged in a central location that aggregates worldwide entrepreneurs and innovators to share their experiences, knowledge and ideas;
- benefit from pitching opportunities in front of potential investors.
Learn more about the INSMEAcademy here.
Launch of the Italian Presidency of the Council of the European Union
After Greece, from the 1st of July Italy undertook the Presidency of the Council of the European Union.
The Lisbona Treaty in 2009 introduced a system called “trios”: the countries holding the presidency work in group of three to define a common agenda and long-term objectives for the 18 forthcoming months and each country defines its own six-months programme. In the last months Italy has closely collaborated with Latvia and Luxembourg to draw a common agenda. Based on this collaboration, Italian Prime Minister, Mr. Matteo Renzi, presented the programme of the Italian Presidency in the forthcoming six month.
With a special focus on the Europe 2020 Strategy the Italian Presidency intends to face one of the greatest European challenges that is to say to ensure that Europe is fully prepared to take part in the global economy. The Italian Presidency will make every possible effort to foster smart, sustainable and inclusive growth above all with a view to delivering more jobs. Additionally the Italian Presidency aims at strengthening the Economic and Monetary Union by deepening its economic and social dimension.
Fostering industrial competitiveness will be the third pillar at the centre of the Presidency's activity which aims at supporting small and medium enterprises that are considered the back-bone of the European economy.
The whole programme of the Italian presidency is available here.
Learn more about the Italian Presidency here.
News from INSME
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ISPIM Americas Innovation Forum
5-8 October 2014
Organized by ISPIM
Nigerian Raw Material Exposition
28 October 2014
Organized by Raw Materials Research and Development Council
28-29 October 2014
Organized by EAI in partnership with INSME, Fraunhofer Fokus Institute, La Sapienza University, IBM and CREATE-NET Institute
- Picks in the News
The European Observatory on Infringements of Intellectual Property Rights has just produced a range of publications related to its work and specific issues regarding IP and infringements in non-EU countries.The publications are intended to provide simple guidelines on how rights holders can protect their IP assets and what to do if their rights are infringed.
After having been recognized by the Banker Middle East Product Awards for Best SME Finance Scheme in 2013, due to its efforts building an ideal environment for the growth of entrepreneurship in the State of Qatar through its successful Al-Dhameen indirect lending program, the Qatar Development Bank (INSME Member) has been recently named “Best Development Bank” in the Middle East at the 2014 Banker Middle East Industry Awards, an event honoring more than 200 financial institutions in the Region.
The annual Banker Middle East Industry Award aims at recognising the best banking and financial institutions in the Middle East that represent the pinnacle of innovation and growth in the region.
On that occasion Mr. Abdullaziz bin Nasser Al Khalifa, CEO of QDV, declared “We are proud of this honor, which reflects QDB's contribution to the overall development journey and our deep commitment to offering products that strengthen and grow the private sector”.
The Europe India Chamber of Commerce (EICC) and the European Business and Technology Centre (EBTC) recently released the report on “European Companies in India: Reigniting Economic Growth”, which contains an analysis of European investments in India between 2004 and 2013.
The report highlights the opportunity for Europe and India to become strategic partners by underlining that European companies have invested 198.00$ billion in the last ten years, being the largest inbound investor group in India.
Furthermore it gathers concrete measures and suggestions to the European companies and to Indian policy makers on how to enhance the partnership, how better doing business in the country and how to attract more FDI from Europe.
The aim of this work is to be a comprehensive guide for information, statistics, analysis and trends on European investments in India.