1,5m more jobs through digital entrepreneurship in Europe are possible, if …
The main challenge entrepreneurs are facing in Europe is not the lack of great ideas but the fear of turning ideas into reality. Many people with great ideas refrain from entrepreneurship because of their doubts. There are as many people wanting to start a business in Europe as there are in the US, yet we see a significantly lower level of involvement in start-ups on this side of the Atlantic. Only 6% of the adult population of Europe is engaged in a new business, compared with 13% in the US. That’s why the European Commission is launching the Watify platform together with ICT stakeholders. Its ambition? Promoting digital entrepreneurship by taking away these doubts, it’s estimated that 1, 5 million additional jobs would be created in the EU Internet Economy, if the entire EU mirrors the entrepreneurship performance of the US or Sweden.
Watify aims to help those entrepreneurs/intrapreneurs to overcome the barriers that prevent them from starting their own business. This initiative will help them to understand that every successful entrepreneur has had moments of doubt and that success begins to materialise the moment you start making your idea happen. The platform also aims to help established companies in all industry sectors by showing them there are a lot of opportunities to transform their business using digital technologies, taking away any doubts they might have and stimulate them into taking action. The Watify initiative will be run throughout Europe for two years.
The Watify platform is an interactive, responsive website that is appealing to European entrepreneurs and intrapreneurs. Concretely, the website features:
Watify Awareness events going on across Europe
Answers to the doubts raised by (potential) entrepreneurs/intrapreneurs
A tool that provides guidelines to entrepreneurs that are starting up their online business or expanding across border.
Videos and inspiring quotes of successful entrepreneurs/intrapreneurs
In addition, yesterday a Member States Board on Digital Entrepreneurship was set up, composed of policy makers from the Member States knowledgeable in this field, with a view to exchange views and experiences, coordinate policies and forge the implementation of a pan-European Digital Entrepreneurship strategy.
Latest News from
EU increases humanitarian aid to Gaza by €25 million07/11/2023 13:25:00
As part of the EU's continued support to people in Gaza, the Commission will provide a further €25 million in humanitarian aid. This quadruples EU humanitarian assistance to over €100 million for Gaza this year.
President von der Leyen marks the EU's commitment to the Partnership for Global Infrastructure and Investment (PGII) during the event hosted at the G20 in New Delhi12/09/2023 15:25:00
President von der Leyen recently (09 September 2023) spoke at the G20 event on PGII hosted by Prime Minister Modi and President Biden.
Summer 2023 Economic Forecast: Easing growth momentum amid declining inflation and robust labour market12/09/2023 13:25:00
The European Commission yesterday presented the Summer 2023 Economic Forecast
Climate change: Deal on a more ambitious Emissions Trading System (ETS)20/12/2022 10:33:00
On Saturday night, MEPs and EU governments agreed to reform the Emissions Trading System to further reduce industrial emissions and invest more in climate friendly technologies.
EU and Ukraine sign €100 million for the rehabilitation of war-damaged schools *20/12/2022 09:25:00
Exactly three months after President von der Leyen's announcement in her 2022 State of the Union Address, the European Commission and the Government of Ukraine have signed a €100 million support package for the reconstruction and rehabilitation of schooling facilities damaged in Russia's full-scale war of aggression against Ukraine.
NextGenerationEU: European Commission endorses positive preliminary assessment of Portugal's second request for €1.8 billion disbursement under the Recovery and Resilience Facility19/12/2022 16:33:00
The European Commission recently (16 December 2022) endorsed a positive preliminary assessment of Portugal's payment request for €1.8 billion of grants and loans under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
'Fit for 55': Council and Parliament reach provisional deal on EU emissions trading system and the Social Climate Fund19/12/2022 15:25:00
The Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package that will further reduce emissions and address their social impacts.
Ukraine: EU agrees ninth package of sanctions against Russia19/12/2022 14:33:00
The Commission welcomes the Council's adoption of a ninth package of hard-hitting sanctions against Russia for its aggression against Ukraine.
Council and European Parliament agree on new safety requirements for machinery products19/12/2022 13:25:00
The Council and the European Parliament negotiators have reached a provisional agreement on the regulation for machinery products. The proposed legislation transforms the 2006 machinery directive into a regulation.