Tuesday, 10 July 2018

Dear <<First Name>>​,​​
At yesterday's Balkan Summit in London, foreign ministers and entrepreneurs from Serbia, Bosnia-Herzegovina, Montenegro, Kosovo, Macedonia and Albania were stood up by Boris Johnson who was due to unveil £10 million in aid funding to help young people in the Western Balkans improve their digital skills. When he later emerged, Boris followed David Davis in quitting the government. Our politics is an omnishambles.

A year ago, I wrote an e-bulletin entitled M is for Mediocre. It got lots of responses from people agreeing with my pointed conclusion that too many of our current crop of MPs aren't up to scratch. (The exceptions we invite to speak at our events.) Whether through the current political parties, or perhaps through one of the plethora of new "centrist" parties, we need smarter people in power. Now is the time for those with the right skills to enter politics. But as Billy Connolly quips: "The desire to be a politician should bar you for life from ever becoming one."

What a GEM!
It's not all bad news. Last week we helped launch the Global Entrepreneurship Monitor (GEM). Coming out of Aston University and sponsored by NatWest, the GEM is the largest and most comprehensive study on entrepreneurship globally, collecting data on entrepreneurial activity in 54 countries, covering two-thirds of the world’s population.
This year the UK edition revealed that people from ethnic minority and immigrant backgrounds are twice as likely as their white British counterparts to be early-stage entrepreneurs. On the back of the launch, I wrote for City AM yesterday on why Britain should be proud to be a nation of immigrant entrepreneurs.

Our Next Event

APPG for Entrepreneurship: Paper Launch 
19th July 2018
8.30am to 10.30am
House of Lords 
Request a place
Baroness Kramer will host a reception on behalf of the APPG for Entrepreneurship to launch our annual briefing paper series. Speakers include Rt Hon Liam Byrne MP, Chair of the APPG, Chris Hulatt and Co-Founder at Octopus. This launch is for two papers: Tax Reform and Women in Leadership.

News & Views 
100 business owners sign Richard Reed's letter calling for Britain to stay in a customs union with the EU (Bloomberg)

Perhaps entrepreneurs can help disrupt immigration (TechCrunch)

The European Commission thinks the UK is the fifth most innovative country in the EU – Sweden is top (Business Insider)

Despite high taxes and wages, Denmark's entrepreneurial spirit is strong (Entrepreneur)

Youth isn't everything in entrepreneurship (NBER)

Define robots before taxing them (FT)

Henry Kissinger on why the world is unprepared for the rise of artificial intelligence (The Atlantic)

 Hiring an experienced manager can improve its performance (LSE)
Friends of the Network


Royal Academy of Engineering Enterprise Hub Open Day

30 July 2018
2pm to 5pm
Prince Philip House, 3 Carlton House Terrace, London, SW1Y 5DG
Cost: Free
Find out more  
The Academy's Enterprise Hub is hosting a drop in open day to raise awareness about its programmes and what support is available to engineering entrepreneurs. This event is open to all interested applicants, as well as representatives from university technology transfer offices and research institutes.

The Supper Club on Tour, Bristol: Making the Most of Your Talent
 23rd August 2018
2.30pm to 6pm
Brasserie Blanc, The Friary Building, Cabot Circus, Bristol BS1 3DF
Cost: £66 + VAT
Find out more 
The Bristol leg of The Supper Club’s Scale Up Tour will present insights and hard learned lessons from three members who have built high performing teams. Supported by Smith & Williamson, this chaired panel will also include expert guidance on employee rewards and tax incentives. Join this interactive and insightful discussion for entrepreneurial tactics to recruit the right people, encourage the right behaviours, and create a scale-up culture.


Royal Academy of Engineering Enterprise Fellowship
Deadline: 1st September 2018
Prize: Up to £60,000 grant funding plus bespoke training and mentoring
Find out more
The Enterprise Fellowships support creative and entrepreneurial engineers who have an exceptional innovation which they want to develop further. We support three types of individuals: researchers wishing to spin out a company from a university or research institute, recent graduates wishing to create a company, and international PhD students based in the UK who wish to spin out or startup.

Stelios Award for UK Disabled Entrepreneurs
Deadline: 1st October 2018
Prize: £30,000
Find out more
Jointly run by the Stelios Philanthropic Foundation and disability charity Leonard Cheshire since 2006, the award recognises the achievements of disabled entrepreneurs who have set up their own company and excel in their chosen business field.
Philip Salter
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