Feeds

EU floats growth plan: Aim power hose of cash at oldsters, web start-ups

You'd best make your own jobs, folks...

Secure remote control for conventional and virtual desktops

The European Commission's new action plan that encourages entrepreneurship in order to boost economic growth says that member states should target their support at the sections of society least likely to be sitting on beanbags in Shoreditch.

Groups such as seniors, migrants, the unemployed and women should be encouraged into entrepreneurship, said the report. And it is to those groups that member states should be gearing government funding and education opportunities, says the memo Unleashing Europe's entrepreneurial potential to bring back growth, released Wednesday.

Pitched as a beneficial way for governments to foster start-ups, the European Commission suggested that targeting groups that are less likely to be self-funding project or to be touting their ideas around venture capitalist pitching sessions would reach untapped human resources.

The use of ICT in non-tech businesses in other sectors also had a beneficial effect, the report claimed. Business that embraced digital grew twice as fast, it states:

ICT is the key source of growth for national economies and European SMEs grow two to three times faster when they embrace ICT.

Highlighting the short life cycles of web start-ups and their tendency to boom and bust, the memo suggested that governments should tailor support specially to web start-ups, by introducing small funding earlier, for example. It also suggested web start-ups should be encouraged as a low-cost, low-entry barrier way for entrepreneurs to begin a business.

The idea is that unleashing Europe's entrepreneurial potential will bring back growth.

The Commission notes a drop in both the number of Europeans interested in entrepreneurship - a fall from 45 per cent to 37 perc ent between 2009 and 2012. That should be rectified, it said. Entrepreneurial spirit is higher in America, where 63 per cent aspire to set up their own businesses.

Other measures involved entrepreneurship more generally, increasing financial incentives and reducing regulation and making access to new finance easier for the "honest" bankruptee - the report said it was important to give people "a second chance after bankruptcy". ®

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.