Entrepreneurial societies make resilient regions – Webinar summary

This OECD and CoR's lunch-time webinar emphasised that developing entrepreneurial societies is a key factor to build long-term resilience across EU regions.

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https://cor.europa.eu/en/news/Pages/entrepreneurial-societies-make-resilient-regions-webinar-summary.aspx

Retrieved on:

Wednesday, February 3, 2021

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Business, Articles, Economy, Entrepreneurship, Entrepreneurship ecosystem, OECD

Summary

Key Points:

This OECD and CoR's lunch-time webinar emphasised that developing entrepreneurial societies is a key factor to build long-term resilience across EU regions.
The webinar began with the keynote speech by
Professor Mark Sanders,
coordinator of the Horizon2020 FIRES project.
He presented the main elements of this project (2015-2018) which aimed to strengthen entrepreneurial societies across the EU as the solution to create a more inclusive, innovative and sustainable growth (explanatory video
here).
Mr Sanders highlighted that FIRES' reform proposals in the realms of finance, labour and knowledge are still very valid today with the COVID-19 pandemic having reinforced the need for resilient regional entrepreneurial ecosystems.
According to Mr Sanders, institutions play an essential role in entrepreneurial economies, with contestability being one of those crucial principles that should be promoted by regional economic policies.
The webinar continued with the first reactions of the invited speakers from both the CoR and OECD.
Some key takeaways: Mr Potter pointed out that there is very little sign of convergence in entrepreneurial rates between regions since entrepreneurship tends to thrive in the strongest regional ecosystems; however, entrepreneurship still needs to be stimulated in all regions.