WHY DO WE HOLD A LARGE INDUSTRY STARTUP EUROPE AWARDS?
Large-scale and small-scale industry refers to the size of a company in terms of the number of employees and sometimes the annual turnover. Depending on the country and the industry, a small-scale company employs between 250 and 1,500 people. Anything above is a large-scale company. The importance of large industry is, therefore, huge and their role is vital if we bear in mind the challenges we have to face: new sustainable materials, smart cities, climate change, circular economy, energy intensive processes, environmental damage, good use of water, smart mobility, automation vs. jobs, etc.
Industry is the backbone of the European economy. It accounts for 80% of Europe’s exports and private innovations, and provides high-skilled jobs for citizens. Europe has a global competitive advantage on high value-added products and services. Innovation and competitiveness are therefore at the heart of the Commission’s agenda and, as we stand on the brink of a new industrial revolution, we are committed to supporting the transformation of EU industry.
The European Commission (EC) is investing in EU industry for a modern, clean and fair economy. The EC approach to industrial policy is to promote industrial competitiveness through all of EC major initiatives. EC aims to empower citizens by providing skills for industry, revitalize regions through the development of clusters and the Smart Specialization Platform, and have the best technologies by supporting the digital transformation of industry and Key Enabling Technologies, and promoting ICT standards.
The Commission aims to ensure coherence between industrial, environmental, climate and energy policy to create an optimal business environment for sustainable growth, job creation and innovation. To support this, EC have established an ambitious agenda to transform EU economy into a circular one, where the value of products and materials is maintained for as long as possible, bringing major economic benefits. The Commission also supports European industry in the move to a low-carbon economy and improves the energy efficiency of products through ecodesign legislation.
Therefore, the Large Industry StartUp Europe Awards aims at valuing innovation and creativity as a key factor in the competitiveness of European industry. These awards stimulates entrepreneurs and business people to create more innovative and competitive industrial projects that are closer to the markets as complying with the EU’s goals in terms of sustainability and efficient industrial processes.
Large Industry StartUp Europe Awards aims at rewarding the best initiatives working in projects related to the development inside industrial sites for sustainable and efficient industrial processes and reduce its use off-key resources, based on new breakthrough materials (i.e. graphene, bio-based products like bio-plastics), energy efficiency (i.e. renewable energy, bio-energy), water sustainable systems (i.e. water cycle), circular economy (i.e. waste management), environment (i.e. chemical pollution, air emissions), mobility and smart mobility (i.e. workforce), industrial health (i.e. ehealth), education, training, citizenship participation in CSR.
The most important eligibility criteria are the following:
- Business Model
- Customer Value Proposition
- Scalability and Market Reach
- Social Clauses: job generated, gender policy, social inclusion, collaboration with NGOs, trainees program.
- European Dimension: participation in European funded projects, partnership or agreements with other European partners.