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Business Generator / Navigator Scale-up
Published on 10 January 2019
Sweden
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Business Generator is a model for managing innovation and growth in SME´s, with a structured method on how to use external expertise and give concrete results.
Resources needed
One full time project manager and one project assistant.
Financial officer 10 %.
Four people around 20 companies, not the same in every group, in total 55 persons.
The financiers participated in the meeting and Business Generators board.
Financial officer 10 %.
Four people around 20 companies, not the same in every group, in total 55 persons.
The financiers participated in the meeting and Business Generators board.
Evidence of success
Twenty companies increased their sales on average by 29 % (EUR 5 443 357) and profitability with 272 % (EUR 799 674 in total) over two years. 45 new jobs. They also bought more external service when they started to scale-up. Tax revenues climbed by EUR 860 361. Gender equality in the group adds perspective to the development process. The attitudes of local banks are crucial for development opportunities for businesses. Follow-up has included collection of statistics after two years with a BG.
Potential for learning or transfer
Business Generator won EEPA 2017. After the ceremony the jury expressed that there has never been such an easy decision, BG is easy to adopt all over Europe and scalable SME´s are Europe´s future. Using the model tested in the BG project serves as a verified tool to implement the ambitions stated in The Small Business Act (SBA), the overarching framework for the EU policy on SMEs. It aims to improve the approach to entrepreneurship in Europe. One identified barrier is the difficulty in accesing finance. Other areas of the SBA in which the regions can support SMEs include upgrading skills and innovation and facilitating access to knowledge. The findings from the BG project can be used by regional authorities when implementing SBA and through the usage of ERDF-funding. Many companies disappear today because they took the wrong decision, without talking to others. With a professional BG they are a team with one goal; support that makes a difference and fulfil dreams!
Further information
Website
Good practice owner
Organisation
Navigator
Sweden
Norra Mellansverige
Contact
Research Advisor