On Wednesday 10.12.2014 at NTUA was conducted a meeting and a public consultation on the legislation for the act “Small Business Act” (SBA). This meeting was held as part of the public consultation launched by the European Commission for the period 2015 – 2020 and which will end on December 15, 2014.
Specifically, Mr. Zechariah Mafroukas, the General Manager of Industrial and Business Affairs of the General Secretariat of Industry and National Delegate for SMEs (Small and Medium Enterprises) of the Ministry of Development and Competitiveness and a memberof the Ministry Mr. John Plemmenos made a presentation of the SBA to interested students , people who have started or plan to start a business and the officers of the Unit for Innovation and Entrepreneurship, Career Structure Research and Entrepreneurship ICCS-NTUA Laboratory of Industrial and Energy Economics of NTUA. During the meeting the experience of attendees and gathered comments and ideas regarding issues related to SMEs, for transmission to the European Commission.
The Small Business Act for Europe, which was approved in 2008 and updated in 2011, reflects the Commission’s political will to recognize the central role of SMEs in the EU economy. The approximately 21 million SMEs create 58% of value added, employ 87 mil. people and account for 85% of net job creation. SMEs also play a key role in the overall reform of the Commission’s strategy, the strategy “Europe 2020” and the flagship initiatives, particularly in the field of industrial policy.
The Small Business Act establish the integrated concrete action policy program in ten areas in order to promote entrepreneurship, to apply to the policy, the principle of ‘Think Small First’ and foster the development of SMEs by helping them to address the remaining problems which hamper their development. Updating the Small Business Act in 2011 shifted the focus to actions that are likely to help SMEs to cope with the economic crisis: easier access to funding, reducing red tape, enhancing market access and boosting entrepreneurship.
The text of the consultation is here.
For more information on the Small Business Act here.