Feeds

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

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

Mobile application security vulnerability report

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". ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.