The EU must work towards changing its attitudes towards entrepreneurship and create a positive culture which encourages people to take risks, argued participants in the annual Microsoft SME day, which explored ways to make European SMEs flourish globally.

In a debate hosted by Microsoft during its fourth annual SME Day in Brussels on 12 June, entrepreneurs and policymakers exchanged views on how to promote European entrepreneurship and turn European start-ups into global star performers. 

Under discussion were the main barriers to entrepreneurship in general: 

  • Overly-complex business regulation and red tape; 
  • the lack of positive entrepreneruship culture and acceptance of failure, and; 
  • an insufficient financing framework around start-ups.