Entrepreneurs and their new businesses are key to European growth and competitiveness. Promotion of entrepreneurship and entrepreneurial culture is therefore one of the four main objectives of COSME.
The Entrepreneurship 2020 Action Plan is a decisive call for joint action at European, national, regional, and local level. Initiatives under the Action Plan include three main improvements:
Entrepreneurship education – COSME will support exchanges among European educators and trainers support best practice in entrepreneurship education in the EU.
Improving the business environment so entrepreneurs can grow and flourish – together with improving the legal and fiscal environment, experts will also develop recommendations on the best support for businesses throughout their lifecycles. Specific support for Web entrepreneurs will be provided.
Role models and outreach to specific groups – under COSME groups such as young people, women or senior entrepreneurs will be able to benefit from mentoring or other tailored programmes.
Examples of actions already supported by the European Commission include:
- The European Network of Mentors for Women Entrepreneurs provides advice and support to women entrepreneurs in the start-up, running and growth of businesses during their early years (2nd to 4th year of in business).
Erasmus for Young Entrepreneurs helps new entrepreneurs (not necessarily young in years, but in the age of their businesses) by offering an opportunity to learn from a more experienced host entrepreneur in another country. The host in return benefits from a fresh perspective on his/her business.