Date: in 12 pts Digital Entrepreneurship The EU vision, strategy and actions First meeting of the Member States Board on Digital Entrepreneurship Brussels, 28 April 2014 Dana Eleftheriadou Policy officer DG Enterprise and Industry Key enabling technologies and Digital Economy

Date: in 12 pts Smart use of ICT matters ICT is key enabler of competitiveness, innovation and growth By 2016, the Digital Economy will reach 3.2 trillion Euros, with an 8% annual growth rate More than 75% of the value added is in traditional industries SMEs grow two-three faster when they embrace digital means Digitally-connected SMEs have 22% higher revenue ICT creates jobs: 1.5m additional jobs would be created in the EU Internet Economy, if the entire EU mirrors the performance of US or Sweden It's just the beginning: we are only at 1% of our potential connectivity

Distribution of Digital Enterprises: 10+ employees, Total EU Source: IDC 2013 Companies that stay ahead of mainstream IT adoption, and employ new technology advances (big data, cloud computing, mobile and social solutions) to improve efficiency, connect with new customers and markets, and compete with much larger players. Only 2% of EU enterprises take full profit of the digital opportunities

Digital adoption by business in different industries Source: IDC 2013 In every sector there is real progress, but none have yet reached the stage of full digitisation.

Date: in 12 pts At the same time a whole generation has nothing to lose…

Digital Entrepreneurship Digital Entrepreneurship on the EU policy agenda Europe 2020 and its flagship initiatives

 Key technological trends and how they change current business paradigms  Comparative analysis of national strategies and private initiatives to foster digital entrepreneurship in the United Kingdom, Sweden, Berlin/Germany, Silicon Valley and Singapore;  A five pillar strategy and 21 recommendations for actions cutting across different policy areas, at EU, national/regional level, including for the private sectors. Digital Entrepreneurship Actions Study "Doing business in the Digital Age"

The vision To create new business opportunities and accelerate the transformation of the European business landscape, through the development and smart use of novel digital technologies, in order to increase growth and create employment. Digital Entrepreneurship: definition and vision Definition Digital entrepreneurship embraces all new ventures and the transformation of existing businesses through novel digital technologies. Digital enterprises are characterised by a high intensity of utilisation of novel digital technologies (particularly social, big data, mobile and cloud solutions) to improve business operations, invent new business models and engage with customers and stakeholders. They create the jobs and growth opportunities of the future.

I Digital knowledge base and ICT market II Digital business environment III Access to finance IV Digital skills and e-leadership V Entrepreneurial culture ENABLING DIGITAL ENTREPRENEURSHIP ► Public and/or private sector support the creation of new companies and foster the development of existing ones that embrace digital ► Knowledge diffusion to enhance digital innovation is encouraged. ► ICT sector acts as an engine for diffusion and commercialization of new services/ideas. ► A clear and supportive regulatory environment makes doing digital business simple, market entry is facilitated and there is a an active and dynamic supply and demand of digital technologies ► Access to and trust in digital markets is heightened, as a result of an improved ICT infrastructure ► Enhanced access to finance is available, targeted at the creation, survival and growth of digital entrepreneurs ► Traditional forms of lending are complemented by innovative mechanisms targeted at enhancing digital investments ► Fiscal and tax frameworks are supportive and help to enable all business to embrace digital technologies ► A supportive education system exploits the new opportunities arising from ICT development, so individuals have the skills and the knowledge to improve business efficiency and develop new business models powered by digital ► Entrepreneurs and business leaders are more e-competent and able to enhance growth and internationalization ► The entrepreneurial culture is more supportive and embraces digital entrepreneurs. They are fully integrated in this context and their image and role in society are both improved and emphasized. Enhancing digital innovation, commercialization and the ICT sector Strengthening digital infrastructure, the regulatory framework and improving ease of doing business Facilitating access to finance and enhancing digital investments Fostering e-leadership skills through education and training Creating a supportive entrepreneurial culture The framework

Actions Study on "Doing business in the Digital Age" Digital Entrepreneurship Monitor and annual scoreboard Raising awareness, best practices and the creation of a European eMentoring ecosystem Strengthening competences and e-leadership skills Start Up Europe Initiative: To strengthen the environment for Web Entrepreneurs to start and stay in Europe Governance Strategic Policy Forum to reinforce the dialogue among industry, science, and politics Member States Board to exchange experiences, coordinate policies and forge the implementation of a pan-European Digital Entrepreneurship strategy Digital Entrepreneurship Actions

Foster the knowledge base on Digital Entrepreneurship Identify new business opportunities for European established companies and entrepreneurs Support the dialogue among industry, science, and politics Help to translate knowledge and expertise in to concrete policy recommendations Digital Entrepreneurship Monitor Initiatives and best practices Case studies Framework conditions for success Digital Entrepreneurship Website Digital Entrepreneurship Scoreboard Strategic Forum on Digital Entrepreneurship The Digital Entrepreneurship Monitor: Objectives and overview

 A pan-European awareness campaign "WATIFY (WHAT IF I?) Stimulating Digital Entrepreneurship in Europe" to disseminate best practices, address doubts and provide targeted support through a European eMentoring ecosystem;  Launch high-level conference, Brussels, the Egg, 29 April 2014  Strengthening competences and e-leadership skills: pan-European awareness campaign "e-Skills for jobs and growth"  Launch high-level event, Athens, 6 May 2014  Start Up Europe Initiative to strengthen the environment for Web Entrepreneurs to start and stay in Europe Digital Entrepreneurship Actions

Date: in 12 pts Further info : Thank you