February 7, 2017

Erasmus For Young Entrepreneurs

The European exchange programme for Entrepreneurs

Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.

Erasmus for Young Entrepreneurs is a project initiated by the EU. It aims at helping new entrepreneurs to acquire relevant skills for managing a small or medium-sized enterprise by spending time in an enterprise in another EU country. It contributes to improving their know-how and fosters cross-border transfers of knowledge and experience between entrepreneurs.

The exchange of experience takes place during a stay with the experienced entrepreneur, which helps the new entrepreneur acquire the skills needed to run a small firm. The host benefits from fresh perspectives on his/her business and gets the opportunities to cooperate with foreign partners or learn about new markets.

The specific objectives of the programme are:

 On-the-job-training for new entrepreneurs in small and medium-sized enterprises (SMEs) elsewhere in the EU in order to facilitate a successful start and development of their business ideas.

 Exchanges of experience and information between entrepreneurs on obstacles and challenges to starting up and developing their businesses.

 To enhance market access and identification of potential partners for new and established 1 A “Small Business Act” for Europe, COM(2008) 394 of 25 June 2008, pp.5-6. 3 businesses in other EU countries.

 Networking by building on knowledge and experience from other European countries.

Who can participate in this European mobility scheme?

Aspiring or new entrepreneurs

Experienced entrepreneurs

What financial support will be provided?

The purpose of the financial support to the NEs is to contribute towards travel costs to and from the country of the stay and subsistence costs during the visit. The financial support is paid by the IO to which the NE submitted the original application. The amount of the financial support and related details are subject to the financial agreement signed between the NE and the IO. For additional information plese visit:    http://www.erasmus-entrepreneurs.eu/upload/Programme%20Guide%20EN%20May%202015.pdf

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