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@FOUNDATION_EU
Policy Support for Industrial Resilience
Introduction
Dr John Hobbs, V-LINC Research Group, Cork Institute of Technology
FOUNDATION Partner: P1 Cork Institute of Technology
Online Webinar 26th June 2020
4
Foundation Objectives
Objective 1: to enhance innovation ecosystems through understanding the existing
challenges and gaps for SME birth, development and growth
Ecosystem Analysis Ecosystem Case Study
Objective 2: to generate solid interactions between key stakeholders from the quadruple
helix to orchestrate sustainable SME competiveness and growth
Stakeholders
Workshops Study visits Seminars
meetings
Objective 3: to develop effective policies to build regional resilience to industrial
structural change.
Action Plans
5
Agenda Policy Support for Industrial Resilience 09:00 - 09:05 Introduction: Dr John Hobbs, Cork Institute of Technology 09:05 - 09:35 Good Practice Sharing: Round 1 09:35 - 09:45 Moderated Q&A on Round 1 of Good Practices 09:45 - 10:10 Good Practice Sharing: Round 2 10:10 - 10:20 Moderated Q&A on Round 2 of Good Practices 10:20 - 10:30 Conclusion & Next Steps for Foundation Project 6
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7
@FOUNDATION_EU
Policy Support for Industrial Resilience
New Frontiers Programme – Rubicon CIT – Ireland
Good Practice Owner: Enterprise Ireland / Rubicon CIT
Presented by: Alison Walsh, New Frontiers Programme Manager
FOUNDATION Partner: P1 Cork Institute of Technology
Online Webinar 26th June 2020
New Frontiers Programme – Rubicon
New Frontiers is an Irish programme to develop entrepreneurs and accelerate new
businesses with strong employment/growth potential run by Rubicon Centre.
In association with
9
Regional Enterprise Plans (REPs)
Problem Addressed:
New Frontiers is the national programme designed to develop entrepreneurs. It is delivered on behalf of
Enterprise Ireland by Institutes of Technology across Ireland. The programme’s primary purpose is to accelerate
the development of sustainable new businesses that have strong employment and growth potential and
contribute to job creation and economic activity in regional locations.
How Objectives are reached:
Since its inception in 2012, New Frontiers has engaged with people whom are either wishing to start their own
business or who have lost their jobs and gave them the platform to reinvent themselves and create new start-
ups. It supports founders with an innovative business idea that they wish to grow and scale
• Practical and interactive group workshops
• personalised one-to-one mentoring
• financial support and co-working space
• No equity taken in the start-ups it supports.
• Focus is on supporting the entrepreneur (promoter) rather than the start-up itself.
• help the entrepreneur take their early-stage idea from business concept to investable business.
Stakeholders:
10
Regional Enterprise Plans (REPs)
Resources Needed:
New Frontiers supports to firms @ Rubicon is €360,000 annually.
Tax free Stipend €15k- 22,500 and Web from AWS hosting €15k per firm.
Additionally, a programme manager, mentoring and training, office space for 6-9 months (incl. financial
management, market research & validation, business modelling, patenting, product dev, marketing & sales) are
provided.
Evidence of Success:
Concrete outcomes include:
• 110 Number of start-ups since 2012 – employing 610 staff
• 73% Survival rate for programme companies
• € 1,640,000 financial support from Local Enterprise Offices
• € 9,600,000 in H2020 funding won by programme companies
• € 1,300,000 in Competitive Start Funding (26 projects)
Timeline:
February 2012
11
Regional Enterprise Plans (REPs) Potential for Learning or Transfer: One of the reasons that the New Frontiers Programme has worked so well is that each business receives personalised supports which is focused on their business but this is provided in a collaborative environment: • Regional access across 14 programmes and 16 locations, open to business ideas from across all sectors • Support valued at €30,000 including €15,000 tax-free stipend, further grant available to the value of €10,000+ • Personalised one-to-one mentoring • Expert advice and guidance from an experienced programme team, business practitioners & investors • Access to R&D facilities and specialist expertise. • Practitioner-led workshops in all areas of building a business. • Regular milestone review meetings to monitor your progress. • Free co-working space (during Phase 2 and 3). • Support and guidance in the development of a strong business plan. Challenges Encountered: Creating an open culture to integrate new entrepreneurs with the network of start-ups in Rubicon is paramount. Helping founders with technical skills build their business capability and the same with those who come with a business background in relation to technical skills. Helping sole founders to expand their team is also crucial. Further Information: Alison Walsh, New Frontiers Programme Manager E-mail: Alison.Walsh@cit.ie Web: https://www.rubiconcentre.ie/programmes/new-frontiers/ 12
@FOUNDATION_EU
@rubiconcentre
@EI_NewFrontiers
Thank you!
Presented By
Alison Walsh,
New Frontiers Programme Manager,
Rubicon Centre,
Cork Institute of Technology. Rossa Avenue, Bishopstown, Cork.
Office: 00353 21 492 8900 Email: Alison.Walsh@cit.ie@FOUNDATION_EU
FOUNDATION Good Practice
Rural SME internationalisation model – Finland, Nivala-
Haapajärvi Region NIHAK
Good Practice Owner: NIHAK ry (Nivala-Haapajärvi region NIHAK registered association)
Presented by: Janne Hietaniemi
FOUNDATION Partner: P3 University of Oulu
Online Webinar 26th June 2020Rural SME internationalisation operations model Rural SME internationalisation operations model lowers the thresholds to internationalisation to rural companies by peer network and shared marketing. Image: Business negotiations to connect Finnish and Chinese industry at Shanghai. Ari Alakangas, Export Manager Nivala- Haapajärven seutu NIHAK ry (i.e. Nivala-Haapajärvi region NIHAK ry) Problem Addressed: Small rural companies •have excellent products and strong know-how in their own speciality field • scare contacts to international markets and understanding how to reach them. How other firms and public institutions can act as alongside the walker during this marathon from rural start-up to growing international company? 15
Rural SME internationalisation operations model How Objectives are reached: Role of the facilitator is to act as an intermediary and to build neutral platform for companies to • explore joint opportunities and prepare cooperation without preliminary commitments. Facilitation of low-threshold cooperation platform • relies on serving company specific needs • finds opportunities to shared value creation • builds trust This decreases risks and enables to increase level of commitment carefully Supporting collaboration between different size and maturity level companies • compensates distance to international markets • enables forming more competitive exportable product families. Alongside-the-walker perspective allows to notify the stage of maturity level and support to apply national development instruments, such as Business Finland and Team Finland, in right stage. With gained higher maturity level, companies will success and to pull other companies to international markets in the slipstream. Stakeholders: Municipalities of Nivala, Haapajärvi, Pyhäjärvi, Kärsämäki, Reisjärvi, different size and maturity level companies. 16
Rural SME internationalisation
operations model
Resources Needed:
Most important: committed personnel with right kind of attitude and understanding
Total budget 1.9.2009 – 31.12.2022 €3.4M in five
projects
´Evidence of Success:
• The number of participants in each project
have exceed the estimated/budgeted number
• The participated companies have continued
to following programs
• More than half of the companies in the region
that are involved in international operations have
participated these projects – total number of 304 participated companies by Nov. 2017
Timeline:
September 2009 – ongoing
17Rural SME internationalisation
operations model
Potential for Learning or Transfer:
Other firms and public institutions can act as alongside the walker during the
marathon from rural start-up to growing international company
In acting with rural SMEs it is essential to…
• recognise needs of companies
• build the trust with them
• to unearth and reveal the hidden potential.
Facilitator acts as an intermediary and builds neutral platform for companies to…
• explore joint opportunities
• prepare cooperation without preliminary commitments.
Trustful peer networks will ease the internationalisation, when steps can be taken
together.
Challenges Encountered:
• Supporting internationalisation of company may take a really long-term process. As
its best from one year to as long as five or more year, depending on the maturity level
of the company.
18@FOUNDATION_EU
Thank you!
Presented By
Janne Hietaniemi,
Senior Lead: Think Big – Go Global programme at NIHAK ry,
Office: +358 50 370 3573 Email: janne.hieitaniemi@nihak.fi@FOUNDATION_EU
Podkarpackie vs Coronavirus
Project Partner: Rzeszow Regional Development Agency
Presented by: Marek Duda – Rzeszow Regional Development Agency
FOUNDATION Partner: P5 Rzeszow Regional Deevelopment Agency
Online Webinar 26th June 20201. Project:
Liquidity loans for entrepreneurs
from the Podkarpackie Region
• extraordinary call of the 1.3 point of the Regional Operational Program
of the Podkarpackie Region;
• project budget: PLN 37 mln (9 mln EUR);
• implementation period: 01.02.2020 – 31.12.2020;
• run by: Rzeszow Regional Developent Agency;
• main objective: Liquidity loans (min.80 loans) for companies affected by
COVID19 from the Podkarpackie Region;
21• Activities taken during the project’s implementation:
liquidity loans up to 150 000 EUR per company,
repayment within 6 years,
It can be used for: salaries payment, all fees related to
running a business, items,
withdrawal grace period of 6 months,
it is necessary to account for all expenditures.
222. Project:
Liquidity grants for Small Businesses
from Podkarpackie Voivodeship
• extraordinary call of the Regional Operational Program of the
Podkarpackie Region;
• project budget: PLN 50 mln (12 mln EUR);
• implementation period: 01.07.2020 – 31.12.2020;
• run by: Rzeszow Regional Development Agency;
• partners: not applicable;
• main objective: Liquidity grants for companies affected by COVID19 from
the Podkarpackie Region - small businesses up to 49 people (self-
employed, micro and small);
23• Grants specification:
liquidity grants - the amount per employed person 2 000 EUR x 3
months,
Non-refundable,
Paid with a lump sum - not settled,
For companies with a drop in turnover (comparison to the previous
month or to the same month of the previous year - depending on the
industry).
243. Other Projects in the Region
• Project Improvement of the epidemiological safety in the Podkarpackie
Region due to the appearance of the SARS-CoV-2 coronavirus;
• Project Supporting people cured of COVID-19 in the Podkarpackie
Region
25@FOUNDATION_EU
Thank you!
Presented By
Marek Duda,
Director International Projects at Rzeszow Development Agency,
Office: +48 17 86 76 215 Email: mduda@rarr.rzeszow.pl@FOUNDATION_EU
Policy Support for Industrial Resilience
Speed Up Program
Good Practice Owner: Regional Development Agency (INFO Murcia)
Presented by: Carlos Miras,
FOUNDATION Partner: BIC Cartagena
Online Webinar 26th June 2020Speed Up Program
It is a training and mentoring program created to offer a “reinvention opportunity”
to professional profiles whose professional activity has been developed in sectors in
crisis.
Image: Different moments of the Speed Up program: presenting projects, teamwork, training in entrepreneurial skills
28Speed Up Program
Problem Addressed:
One of the main sectors hit by the crisis was the construction sector, having been one of the most important
economic engines of the Region of Murcia (and Spain)
Construction sector counted with a wide variety of high-skilled professionals (architects, engineers,
economists ...).
SPEED UP Program is part of a Plan to support Entrepreneurs launched during the crisis in 2009-2013, with
the objective of boosting regional business sector through the promotion and support of entrepreneurial
initiatives.
Three axes:
Promotion of the entrepreneurial spirit in society
Support for the creation and consolidation of companies
Coordination of the entrepreneur support system
How Objectives are reached:
The final objective was not only the creation of companies but mainly increase the capacity building of
professionals with skills and contacts to “re-skill” and “up-skill” them for their professional lives.
.
Participants attended both group and individual sessions, receiving training in entrepreneurial skills (teamwork,
motivation ...), they learned business model design methodologies, benchmarketing and get in touch with the
stakeholders involved in the regiona entrepreneurship ecosystem (BICs, Business Angels, Scientifc Park…)
Stakeholders: Local Authorities (Business Support Regional Ministry), National Authorities (Ministry of
Industry and SMEs) and colleagues and clubs of professionals. 29Speed Up Program
Resources Needed:
Cost of developing and rolling out each Programme edition (10 weeks):
• Project Director in charge of designing the program, looking for trainers, selection of participants: € 10,000
• Trainers,: € 15,000
• Rental of spaces and materials: € 5,000
• Total cost:: € 30,000
Evidence of Success:
Concrete outcomes include:
• In 2012, the Plan Emprendemos (“Let’s be an entrepreneur”) obtained the European Entrepreneurial Region
(EER) distinction, which identifies and rewards regions with most innovative entrepreneurial policies.
• Good results:
• Collaboration with 20 Professional Colleges and clubs
• More than 500 participation requests received
• 200 participants
• Recognized brand
• The eighth edition has just been launched
Timeline:
First Edition March 2012 Eight Edition: June 2020
30Speed Up Program Potential for Learning or Transfer: It is an easily replicable program as it would not require a large investment. Crises increasingly affect different professional profiles and not only low-skilled people. Important role played by Professional Colleges or Clubs. Challenges Encountered: Difficulties in coordinating different stakeholders Design very practical training materials and approach (Frist phase of “creating- measuring and learning”). Low motivation in participants due to personal situations after being fired. Engaging financial entities with the Programme to fund business projects that have followed Speed up Programme. Further Information: Alvaro Armada, Programme Manager | Info Murcia E-mail: alvaro.armada@info.carm.es Web: http://www.institutofomentomurcia.es/web/portal/en 31
@FOUNDATION_EU
Thank you!
Presented By
Carlos Miras,
Competitiveness Expert, Regional Development Agency of Murcia
,
Email: carlos.miras@info.carm.es@FOUNDATION_EU
Policy Support for Industrial Resilience
Clusterland and COVID-19 –
What we do in Upper Austria in times of despair
Good Practice Owner: Business Upper Austria – OÖ Wirtschaftsagentur GmbH
Presented by: Werner Pamminger, CEO Business Upper Austria
FOUNDATION Partner: P9 Business Upper Austria – OÖ Wirtschaftsagentur GmbH
Online Webinar 26th June 202034
How Objectives are reached:
What we do …
• Massive corona emergency packages by the
Federal State (€40+ bill) and the State of Upper
Austria (€580bill)
• Clusterland gets a mandate for servicing the UA
companies (not just cluster partners!)
• Setting up a task force of 50 pax helpline to
serve “most” regional companies) more than
3,000 corporate contacts so far!)
• Not just incoming but massively outgoing
(active calls!) to regional companies – great
feedback!
• Objective: Help companies to obtain liquidity
and gain access to government programs
35How Objectives are reached:
Innovation in times of despair
• Setting up regional value chains for PPE and
other med-tech-equipment
• Aligning regional suppliers and industries with
demand by public authorities
• Setting up innovation projects meeting the
regional demand of new “regional” demand
36How Objectives are reached:
What we are planning for …
• Nothing less than contribute to the
reconstruction of the regional economy/industry
(a little like after WWII)
• Business model adjustment and industry
transformation as key topics
• (International) competitiveness through
collaborative innovation as core strategy (in
close cooperation with our 11 research-
institutions (650+ research staff)
• Aiming for 150+ cooperative innovations
project p.a. (again)
37@FOUNDATION_EU
Thank you!
Presented By
Werner Pamminger,
CEO Business Upper Austria – OÖ Wirtschaftsagentur GmbH,
Office: +43 732 79810-5001 Email: werner.pamminger@biz-up.atAsk the Presenters (1)
Good Practice Sharing: Round 1
Alison Janne Marek Carlos Werner
Ireland Finland Poland Spain Austria
39@FOUNDATION_EU
Policy Support for Industrial Resilience
GC Business Growth Hub
Presented by: Philip Hargreaves | Access to Finance Lead
FOUNDATION Partner: Oldham Metropolitan Borough Council
Online Webinar 26th June 2020Here for Business, Greater Manchester
#HereforBusiness
• PPE - personal protective equipment sourcing and
manufacture
• Employ GM
• Supply portal
• Webinars
• 24/7 opening hours
• Grants administration for local authorities
• Weekly business membership group meeting
41#HereforBusiness
Project Mercury
• Outreach to 25,000 SMEs
• Outbound telephone process developed/introduced
• 40 staff seconded to project
• Focus on businesses we have not engaged with
• Ensure strong take up of Govt support
• 11,500 businesses contacted so far
• Supporting lockdown
• Recovery period
42COVID19 Government Survey
• Largest single piece of data collection feeding back
into government
• Results used to help develop policies and future
decisions
• More than 3,200 businesses surveyed since March
2020
• Data:
• 71% decrease in sales
• 33% serious cash issues
• 56% have furloughed staff
• Sector based data
43Access to Government Schemes
• CBILS (Coronavirus Business Interruption Loan
Scheme)
• Bounceback loans
• Cashflow forecasts
• Local authority grants
• Discretionary grants
• Furlough
• Taxation
• Self Employment Income Support Scheme
• Future fund / innovation grants
44@FOUNDATION_EU
Thank you
Presented By
Philip Hargreaves,
Access to Finance Lead, GC Business Growth Hub
Office: +44 161 359 3050 Email: bgh@growthco.uk@FOUNDATION_EU
Policy Support for Industrial Resilience
No Quarantine on the Internet
Good Practice Owner: Enterprise Lithuania
Presented by: Inga Juozapavičienė, Head of Entrepreneurship Department at Enterprise Lithuania
FOUNDATION Partner: P4 Lithuanian Innovation Centre
Online Webinar 26th June 2020No Quarantine on the Internet
• The business support initiative.
• Initiator: Enterprise Lithuania.
• Started: in the first week of quarantine in Lithuania.
• Designed: to help Lithuanian small and medium-sized businesses to survive and to be successful on the
Internet.
47No Quarantine on the Internet
Problem Addressed: physical stores were closed, some of Lithuanian businesses did not have e-shops
or were not competent enough to develop a successful e-shop.
How Objectives are reached:
• Lithuanian e-shops’ database as a virtual shopping center;
• business digitization assistance;
• special discounts or free services.
Stakeholders: Lithuanian small and medium-sized businesses (TG); e-commerce experts (mentors);
strong companies, business professionals (partners); Ministry of Economy and Innovation.
48No Quarantine on the Internet
Resources Needed:
• a team of 5 members;
• communication agency assistance;
• 10 000 euros.
Evidence of Success:
• 1200+ registered e-shops;
• 10 percent of them are completely new e-shops;
• 120 mentors;
• 10 webinars about e-commerce;
• 25 special offers.
Timeline:
500+ e-shops 700+ e-shops 1200+ e-shops
03 16 03 23 03 30 04 06 06 16
Start of Start of the The first The second Three
quarantine initiative week of the week of the months of
in Lithuania initiative initiative quarantine
49No Quarantine on the Internet
Potential for Learning or Transfer:
• steps how to create a website;
• knowledge of the e-mentoring program;
• value proposition for e-shops;
• good practice in communication with various stakeholders.
Challenges Encountered:
• to start the initiative in a very short time;
• to find additional human and financial resources;
• to build a united community;
• to find the best way to continue the initiative.
Further Information:
Inga Juozapavičienė, Head of Entrepreneurship Department at Enterprise Lithuania
E-mail: i.juozapaviciene@verslilietuva.lt
Web: www.enterpriselithuania.com
50@FOUNDATION_EU
Thank you!
Presented By
Inga Juozapavičienė,
Head of Entrepreneurship Department at Enterprise Lithuania,
Office: +370 645 70487 Email: i.juozapaviciene@verslilietuva.lt@FOUNDATION_EU
Policy Support for Industrial Resilience
Szombathely ReStart – Hungary
Good Practice Owner: Szombathely City with County Rights
Presented by: Adrienn Bokányi, Szombathely City with County Rights
FOUNDATION Partner: PP6 Pannon Business Network Association
Online Webinar 26th June 2020Szombathely ReStart
Szombathely ReStart is a local program with a holistic approach by respecting social
inclusions while maintaining sustainable competitiveness for the broad ecosystem,
developed to reinforce adaptation to the post-covid era.
Images: Market voucher, design of the Szombathely ReStart website
Problem Addressed:
Covid-19 – multinational companies reducing production or even closing down,
service sector partially closed, but damaged by large employer shutdown.
53Szombathely ReStart
How Objectives are reached:
Key focus or intervention areas were defined by the municipality together with large
employers and representatives of local businesses:
1. Social assistance benefits – financial subsidy for the dismissed labor
force due to Covid, suspension of the collection of rental and public
utility debts during the pandemic situation
2. Three pillars of ReStart Program: Buy Local - Be Online - Spend Wisely
a) Buy Local – market voucher program, support and promotion of local
supplier relationships, utilization of local producers for the public
sector, promotional gifts with ReStart visuals
b) Be Online – financial support for SMEs to go online - webpage,
webshop, social media representation, online invoicing software
c) Spend Wisely – rent allowance for SMEs, public space usage fee
discount for SMEs, discounted advertising in the municipal media for
SMEs. Targeted for companies with employee protection.
Stakeholders: City of Szombathely, Chamber of Commerce and Industry, Centre of
Enterprises, representatives of multinationals, Szombathely Market Hall, municipal
institutions, business entities and public utility companies, local universities
54Szombathely ReStart
Resources Needed:
• For the social benefits 1,4 mio EUR social fund dedicated to specific actions
• 0,5 mio EUR dedicated to entrepreneurial actions
Evidence of Success:
• 50% of the allocated budget spent for the social actions, 40% for entrepreneurial activities
• Events have been organized dedicated to the action plans.
• 3.213 people have requested the financial subsidy for dismissed labor force due to Covid-19 (300
EUR/person), one third of them have already got it at current processing
• 558 people got the market voucher (in value of 100 EUR/person)
• 44 SMEs got rent allowance
• 16 SMEs got public space usage fee discount
Timeline:
April 2020
55Szombathely ReStart
Challenges Encountered:
• Managing the tension due to unprecedented epidemic event – continuous communication via social
media, online press conferences with interactive sessions. Fast reaction time and consequent
messages.
• Financial problems – reallocation of funds
• New ways of communication to be applied, like reinforced representation in the online media world
• New prioritization and strategies due to loss of municipality income
Potential for Learning or Transfer:
• how to manage social demands, support for the entire ecosystem from a relatively limited funding pool
• how municipality could play a coordinative role between SMEs, multinational companies, local
institutions etc. and exploit this opportunity for mutual trust building
• how to target multiple actors at the same time with one form of support (e.g. the market voucher
program)
56@FOUNDATION_EU
Thank you!
Presented By
Adrienn Bokányi,
Regional Council of City of Szombathely
City of Szombathely with County Rights, Szombathely
Office: +36 70 940 9137 Email: bokanyi.adrienn@szombathely.hu@FOUNDATION_EU
Policy Support for Industrial Resilience
Workers Buy Out (WBO) – Italy
Good Practice Owner: Legacoop Emilia Ovest
Presented by: Rita Piccinini, Senior Project Manager of STU Reggiane
FOUNDATION Partner: P7 Municipality of Reggio Emilia
Online Webinar 26th June 2020Workers Buy Out (WBO)
The Workers Buy Out (WBO) is an innovative instrument used when workers acquire ownership and control
of a company which is facing closure. In case of crisis or generational turnover, employees can try to save
companies by creating a cooperative, thereby keeping their jobs and ensuring that the know-how acquired
over years of employment is not wasted.
1. WBO for company crisis: a crisis
situation usually leads to a “guided”
liquidation procedure of the production
facility. The workers of the company
decide to protect their job by investing
their unemployment benefit and
establishing a cooperative that could
continue the activity with new strategic
objectives and corporate governance.
2. WBO for generational turnover: in
family-run businesses, the company is
sold to its employees who have
acquired specific competences over
years of employment rather than
competing companies or multinationals.
Stakeholders: Credit Institutions, Cooperative Consortia, Trade Unions, Corporate Consultants,
Financial Cooperatives, and Cooperative Movement.
59Workers Buy Out (WBO)
Problem Addressed:
Following the global economic crisis of 2008, the territory had to guarantee the protection of companies that
have entered a state of irreversible industrial crisis or generational transition. Jobs, competences, skills, value
and plants can be at risks.
In the event of a corporate crisis, there is a risk of losing the acquired skills and know-how of the
company.
In the case of generational change, there is often a lack of managerial skills or specific skills in the next
generation for which the company risks being sold to third parties.
How Objectives are reached:
Business Analysis & Reskilling &
Risks Analysis Upskilling
WORKERS BUY OUT
Financial Support Legacoop Emilia Ovest Stress Test
Instruments (Reggio Emilia,
Parma and Piacenza)
Innovation needs New Business Plan
60Workers Buy Out (WBO)
Resources Needed:
Advances of social shocks-absorbers and unemployment benefits to be used to help new members to
equip their cooperatives with large-scale social capital;
Coopfund resources, a mutual fund for the development and promotion of cooperation of Legacoop. The
fund is powered by the payment of 3% of the profits offered by the cooperatives and by the residual assets of
the cooperatives put into liquidation;
Resources from national Law Marcora 49/85: funds managed by CFI (a cooperative financial society that
supports cooperative enterprises), such as participation in the cooperative's share capital (up to doubling the
share subscribed by the workers) to be returned within a period of 7-10 years and long-term financing for
investments; FonCooper incentives managed by the Region for the Constitution of cooperatives with a focus
on WBO.
Evidence of Success:
Target group:
8/9 employees and 1/2 million turnover;
80/90 employees and 20 million turnover.
Concrete outcomes:
On the territory Legacoop Emilia Ovest (Reggio Emilia, Parma e Piacenza), a dozen of WBOs have been
tested, 300 jobs were saved, and 50 million turnover preserved;
In Emilia-Romagna Region, the WBO concerned 56 new cooperatives, 1200 jobs in the following sectors:
64% in the manufacturing sector, 12% in the construction sector, 16% in the services, and 8% in the
retail/wholesale sector.
Timeline: 2008 - ongoing
61Workers Buy Out (WBO)
Potential for Learning or Transfer:
Every single aspect of a WBO program can be replicated both in case of corporate crisis and generational
change. However, a context of adequate “support” is needed, which is built through the assistance of business
associations, financial institutions and cooperatives, public authorities, and mostly the determination and
conviction of the employees of these companies.
Challenges Encountered:
• Difficulties in developing an entrepreneurial/cooperative culture, that transforms workers from simple
employees into “partners”;
• Lack of businesses transparency: a company does not usually share its crisis situation;
• Criticality in insolvency procedures when it comes to managing the lease or purchase of company branches;
• Shortcomings in managerial skills;
• Critical issues in finding the financial resources for the restart, despite the support of the financial
cooperatives;
• Time-consuming bureaucracy.
Further Information:
Matteo Pellegrini, Institutional Activities and Promotion Manager | Legacoop Emilia Ovest
E-mail: pellegrini@legacoopemiliaovest.it
Web: www.legacoopemiliaovest.coop
62Other Good Practices
Chamber of CNA Unindustria
Commerce
It has created a It has set up an
It has created the single system by internal Help Desk to
DBP (Digital unifying Training actively respond to
Business Point), a Institutions in the the corona-virus
system to support building sector in emergency. It
SMEs in the order to incorporate involves the heads of
digitalization process all the provincial logic the areas of expertise
in order to overcome issues of the on the subjects of
a company crisis and construction sector. interest and it aims at
boost their giving prompt and
competitiveness. efficient responses to
the businesses’
needs.
Further Information can be found on the Interreg Europe Good Practices platform
(https://www.interregeurope.eu/foundation/good-practices/).
63@FOUNDATION_EU
Thank you!
Presented By
Rita Piccinini,
Società per la Trasformazione Urbana in Reggio Emilia
Senior Project Manager of STU Reggiane
Office: +39 3493066497 Email: rita.piccinini@comune.re.itAsk the Presenters (2)
Good Practice Sharing: Round 2
Phil Inga Adrienn Rita
UK Lithuania Hungary Italy
66Next Steps
Next Steps for Foundation Project
https://www.interregeurope.eu/foundation @FOUNDATION_EU
67Workshops / Seminars
Workshops Seminars
• WS1: Economic Regional • S1:“Regional Resilience in
Resilience & Regional Europe: The Role of Industry
Adaption (Feb 20, UK) Structure in Determining
• WS2: Policy Support for Resilience”, (Jan 21, Hungary)
Industrial Resilience, (Jun 20, • S2: “Industry Clusters and
Spain) Resilience” (Sep 21, Austria)
• WS3: The Role of the • S3: “Planning for Structural
Individual Firm in Economic Change – An SME Analysis of
Resilience, (Sep 20, Poland) the Pyhäsalmi Mining Services
• WS4: Academia and Economic Cluster” (Jun 21, Finland)
Resilience: What Role do • S4: “What Builds a Resilient
Academics Play, (May 21, Italy) Region: Policies and
Strategies”, (May 22, Lithuania)
68Regional Analysis
Regional Analysis being developed for each of our partner regions
Purpose: Consortium and stakeholders to have regional context on each
partner region, an example of the region’s past experience regarding
industrial change and how it has transitioned, and future outlook in the face
of Covid-19.
Will be made available Via: +
69Our Project Partners
& their local stakeholders who have gone above and beyond the call of
duty to ensure that this webinar took place – when regions need support
getting industry re-opened and people back to work.
www.be-wiser.eu 70V-LINC Team for Production and Testing
Dr John Hobbs, Dr Eoin Byrne,
Senior Lecturer, School of Business, Research Fellow / Cluster Manager,
V-LINC/CIT. Rossa Avenue, Bishopstown V-LINC / Cyber Ireland
Mobile: 00353 86 8091294 Mobile: 00353 86 0719451
Email: john.hobbs@cit.ie Email: eoin.byrne@cit.ie
Jamie Meehan, Dr Cliodhna Sargent,
Senior Researcher, V-LINC Senior Researcher, V-LINC
CIT. Rossa Avenue, Bishopstown CIT. Rossa Avenue, Bishopstown
Mobile: 00353 87 1727626 Mobile: 00353 87 1305086
Email: Jamie.Meehan@cit.ie Email: cliodhna.sargent@cit.ie
Yvonne O’Byrne, Conor Harte,
Researcher, V-LINC Research Group PhD Student, V-LINC
CIT. Rossa Avenue, Bishopstown CIT. Rossa Avenue, Bishopstown
Mobile: 00353 86 0737060 Mobile: 00353 87 285 4493
Email: Yvonne.Obyrne@cit.ie Email: conor.m.harte@mycit.ie
Joseph O’Sullivan, Ane Benito Mendikote,
Project Officer, Cyber Ireland Project Officer, Cyber Ireland
CIT. Rossa Avenue, Bishopstown CIT. Rossa Avenue, Bishopstown
Mobile: 00353 87 6606696 Mobile: 00353 21 4336236
Email: joseph.osullivan@cyberireland.ie Email: ane.benito@cyberireland.ie
www.be-wiser.eu 71Thanks
To all our presenters and to our
audience, we hope you have
enjoyed the webinar and made
some new e-contacts.
Project Manager - Dr John Hobbs,
Senior Lecturer, School of Business,
Cork Institute of Technology. Bishopstown, Cork.
Mobile: 00353 86 8091294 Office: 00353 21 4335149 @FOUNDATION_EU
Email: john.hobbs@cit.ie Skype: jhobbs.citYou can also read
