The added-value of New European entrepreneurs can facilitate economic growth and help Europe tackle some of its most severe problems. New European entrepreneurs and SMEs are EU’s economic backbone but also a unique window of opportunity for migrants.
On the 26th November 2013, UNITEE organised the roundtable “Skills to Unleash: New European Entrepreneurs” in the European Parliament. The participants were:
An approach to entrepreneurship
Mr RÜBIG assures that red tape and bureaucracy are the burden of European SMEs and entrepreneurship. Even though this is often created at a local level, it has to be tackled on the European level. As Mr CREUTZMANN believes, it is important to implement general policies for entrepreneurship, internationalisation and SMEs in order to assure the proper functioning of the latter; harmonisation and mutual recognition should be applied.
There is a need to focus on providing equity, venture capital and market finances for New European entrepreneurs. Therefore, concerning legislation, policies need to be precise and taxation schemes should take into consideration the special needs of SMEs.
New Europeans potential
Given that economic dimensions are a priority, New Europeans can be part of the solution and provide the so needed human capital. Mr TARAN shows his concerns about the precarious situation Europe is in; by 2020, Europe will experience a skilled labour shortage of 40million people. Thus, New Europeans come forward as skilled labour for the economy as well as to ease the acute problem of an aging workforce.
The paradox of the current high rate of unemployment can only be solved through improved education. Lifelong learning is not just a buzzword, but a serious concept that needs to be explored further when wanting to increase entrepreneurship and self-employment.
Mr RAES believes that Europe’s openness to diverse talents is crucial for competitiveness. On this note, Mr KLOOSTERMAN added that New European Entrepreneurs represent a real added-value for the society; it is proven that ethnic, sectorial and market diversity has positive effects on the economy.
Apart from playing an important part in binding and bridging, New Europeans are extremely important when wanting to profit more efficiently from multicultural assets and transnational network. Mr KUMCU asserts that their dual linguistic and cultural background is the key to more innovation and a progressive and fresh approach to traditional business practices.
Read the full report here.
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