The Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME), the successor to the Entrepreneurship and Innovation programme (EIP) under the Competitiveness and Innovation Framework Programme (CIP, 2007-2013), is a new European Union (EU) programme which will run from 2014 to 2020 and is meant to encourage and increase the sustainable competitiveness of European Union enterprises and SMEs. Its support activities will focus on the following four areas:

  •  Facilitating and improving access to finance for SMEs, in the form of loan guarantees and equity facility
  • Supporting internationalisation of SMEs and improving SMEs’ access to markets, through the development of support services such as the Enterprise Europe Network or the China, Latin America and South-East Asia IPR SME Helpdesks
  • Creating more favourable conditions for business creation and growth, for example through the reduction of the administrative and regulatory burden and the identification and exchange of best practices among national administrations to improve SME policy

Promoting entrepreneurship and entrepreneurial culture through the Entrepreneurship 2020 Action Plan (including for example the European Network of Mentors for Women Entrepreneurs, and Erasmus for Young Entrepreneurs)