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Entrepreneurship and SMEs

Survey confirms the need to support small and medium-sized businesses on their path towards digitalisation and sustainability

The latest ‘Flash Eurobarometer’ survey on small and medium-sized enterprises (SMEs) shows that 62% of EU SMEs confront barriers to digitalisation and 70% of EU SMEs say they are facing at least one obstacle that prevents their enterprise from becoming sustainable. The results validate the importance of the new SME strategy in contributing to economic recovery in Europe after the coronavirus pandemic.

 
Erasmus for Young Entrepreneurs Global – Preparatory Action

This call for proposals concerns the implementation of a preparatory action for the geographical expansion of the current ‘Erasmus for Young Entrepreneurs’ (EYE) programme to a number of countries or territories outside the European Union: Canada, Israel, Singapore, South Korea, Taiwan, and the United States.

 
ESCALAR: up to €1.2 billion to help high potential companies grow and expand in Europe

Today, the Commission is launching ESCALAR, a new investment approach, developed together with the European Investment Fund (EIF), that will support venture capital and growth financing for promising companies, enabling them to scale up in Europe and help reinforce Europe’s economic and technological sovereignty. It will provide up to €300 million aiming to increase the investment capacity of venture capital and private equity funds, triggering investments of up to €1.2 billion, or four times the original investment, to support promising companies.

 
Smart guide to cluster policy monitoring and evaluation published

The European Observatory for Clusters and Industrial Change published valuable guidance for cluster policy-makers. It shows how to better monitor results and strategically evaluate policies and programmes set up to support the development of industrial clusters and the competitiveness of its firms.

 
A European perspective on artificial intelligence (AI): Paving the way for SMEs’ AI adoption in key industrial value chains

Artificial intelligence holds great potential for the European economy and AI applications are expected to bring numerous benefits for citizens and small businesses. But the adoption of AI technologies poses a particular challenge for small and medium-sized enterprises (SMEs), and the potential of these technologies will only materialise if SMEs are properly supported in their AI transition.