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(Online-Artikel.de) - WUSME International Conference in Budapest

Delegates of entrepreneur organizations, among them Ministers, Ambassadors, Chambers of Commerce and private Companies from 23 Countries discussed three days at the WUSME International Conference (24 – 26 November 2011 in Budapest) a “New Architecture for recovering from a financial crises and for enhancing economic development, particularly in less privileged economies.”

Taking into consideration the emerging issues requiring urgent policy interventions, the following areas seem relevant for consideration by Countries which are embarking on massive SME development plans and creating more jobs. Gian Franco Terenzi, San Marino, President of WUSME and Vice President J.S. Juneja, India both successful entrepreneurs recommended:

• Creating Enabling Environment: Policy and Legal Framework.
• Greater focus on Finance and Innovative Finance adequacy, timeliness and cost.
• Technology, Creativity and Innovation and creating required framework.
• Infrastructure Development (Power, Roads, Communication, IT etc).
• Marketing and Strategic Alliances. Treating globe as one market.
• Enterprises Development and Capacity Building through skill development.
• Institutional Network and BDS (Business Development Services).
• Adopting cluster approach as the strategy of SME development.
• Strengthening of NGOs and Civil Society organizations and encourage them for PPP mode.
• Creating required awareness on World Trade Organization (W.T.O) obligations and other intermediate commitments such as Intellectual Property Rights (IPRs).

Knowledge Based Sectors and SMEs Incubation Centers
In his opening statement Jean-Félix Mouloungi, Minister of Micro- Small and Medium Enterprises, Crafts and Industry of the Republic of Gabonvalued the deliberations of the Conference particularly for the development of SMEs in the Knowledge Based Sectors and incubation to stimulate enterprise development relevant to Gabon. He explained the vision of the President of Gabonese Republic, Ali Bongo Ondimba, to 'building human capacity through better education and training of our youth'. He further explained dire need to source Computers for Gabonese youth and people in order to build their capacity. Subsequently a presentation was made by Mr. Pierre Nzamba – Maganga and Vice President Mendame Akram from Gabon side.

Tecnology Transfer Centers
WUSME shall start to promote the establishment of TECHNOLOGY TRANSFER CENTERS, particularly in African Countries to enable SMEs to transform raw material, e.g. from agriculture to final products with added value, proposed Robert Holtz, Vice President WUSME and consultant to UNESCO in Paris. He also reiterated his recommendation to apply at UN Organizations and the European Union for Consultative Status (WUSME will qualify from April 2012 on after two years of existence) and develop specific SME – related projects for funding.

SMEs access to finance: SME – National Funds for crisis prevention and development
Norbert W. Knoll von Dornhoff, General Secretary WUSME presented his concept of a new financial architecture for SME's access to finance, aiming at less dependency of entrepreneurs on Banks, which enjoyed enthusiastic support and appreciation by the majority of the Delegates. WUSME shall continue to promote the foundation of national SME Funds for Crises Prevention and Development (SME FUNDS) financed by a CTL – Currency Transaction Levy and a small percentage of the Value Added Tax (VAT) similar the "Austrian model". WUSME shall offer Members assistance in seeking Equity (Venture) Capital at affordable cost using international data banks and "Crowd Funding Internet Portals".

WUSME in support of new technologies
More than 20 Delegates showed special interest in the Workshop as a practical means of enhancing business of SMEs as well on national as on international level. Such face-to-face business meetings should be held 2012 in San Marino and in other Countries. The WUSME Internet Portal could be used as an efficient tool to exchange business proposals, technologies and various forms of international cooperation. The owners of the following new technologies requested WUSME to publish their products in the framework of the

"WUSME EXCHANGE PROGRAM:

• City Electro Car
• PRODUCTION of FOOD from SOY and new GREENHOUSE TECHNOLOGY
• CASH BACK CARD (an additional Membership benefit)
• WASTE TO ENERGY PLANTS.

Cooperation between WUSME and Members of the Hungarian Parliament and the Debrecen University

On occasion of the Conference, President Dr. Gian Franco Terenzi signed a Co-operation Agreement with the HUNGARIAN – CHINESE CHAMBER OF COMMERCE, opening additional opportunities for WUSME Members to find business partners in Hungary and in China.

On occasion of a visit at the Hungarian Parliament the WUSME Delegation has been received by the Vice President of the Parliament H.E. István Jakab. It was agreed to inform each other in future about SMEs development issues, particularly in the area of agribusiness and agritechnologies.

The WUSME Delegation also visited on 26th November 11 the Debrecen University and was received by its Rector Prof. Dr. Istvan Fabian. In his presence WUSME President Dr. Gian Franco Terenzi has been honored by Prof. Dr. James Omps, President of the International University of Entreprenology, USA with the degree of "Doctor rer.oec. honoris causa for Terenzi's international support of SMEs and Crafts. It was agreed that WUSME and the IUE International University of Entreprenology (represented by its President Prof. Dr. James Omps) will keep in close contact with the Debrecen University and endeavor to enter into a Cooperation Agreement in the course of year 2012.