The European Commission launched its edition 2012 of the European Enterprise Promotion Awards, which focuses in 2012 edition on SME funding for those entrepreneurs that want to extend their business and enter new markets. The best measure proposed will be awarded during the 2012 SME Assembly.

The European Enterprise Promotion Awards 2012 which rewards the success of public bodies and public-private partnerships in promoting enterprise and entrepreneurship, is now open to applicants. Candidatures can be presented in five different award categories: promoting the entrepreneurial spirit, investing in skills, improving the business environment, supporting the internationalisation of businesses, and responsible and inclusive entrepreneurship. The most impactful measure will be chosen by an expert jury and receive its award during the 2012 SME Assembly in November in Cyprus. Last edition, Activa, a Barcelona City Council initiative, won this award.

The objectives of the European Commission’s annual European Enterprise Promotion Awards are to identify and recognise outstanding initiatives that promote enterprise and entrepreneurship, showcase and share examples of best entrepreneurship policies and practices, create a greater awareness of the role entrepreneurs play in society, and encourage and inspire potential entrepreneurs.

Antonio Tajani, European Commission Vice-President, and responsible for industry and entrepreneurship highligthed that this award bring every year to the fore successful initiatives from all over Europe that have created win-win situations for business and communities. In the current economic context, SMEs are acknowledged to contribute to growth and their job creation potential is impressive, he added. 85% of all new jobs in the EU are provided by SMEs, and public authorities support SMEs with a large number of initiatives.