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European Education Commissioner Androulla Vassiliou

The role of entrepreneurs in promoting growth and job creation “cannot be overstated” Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism and Youth told the Science|Business European Entrepreneurship Summit in Brussels today.

Congratulating the winners of the Science|Business ACES awards and the European Institute of Innovation and Technology (EIT) awards, Vassiliou said, “We need more entrepreneurs like the ones we are celebrating today.”

The credit crunch and underlying structural problems are making it difficult for would-be entrepreneurs to get financial backing and the other support they need. The EIT was created in 2008 to redress these deficits and at the same time address huge social problems such as climate change and energy supply and security. “Three years ago (EIT) was just on paper”, now the EIT awards are, “proof of the fact that EIT is working,” Vassiliou said.

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