Erasmus for Young Entrepreneurs is a cross-border exchange program which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.
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.
Erasmus for Young Entrepreneurs Exchange program benefits both the New as well as the Host Entrepreneurs. As a new entrepreneur, you will benefit from on-the-job training in a small or medium-sized enterprise in another Participating Country. This will ease the successful start of your business or strengthen your new enterprise. You can also benefit from access to new markets, international cooperation and potential possibilities for collaboration with business partners abroad.
The new entrepreneur and his/her local contact point sign an agreement which determines the funding granted during his/her stay, and how it will be paid in practice. The financial support is calculated monthly and is based on the monthly lump sum for the relevant country.
As a host entrepreneur, you can benefit from fresh ideas from a motivated new entrepreneur in your business. The new entrepreneurs may have specialized skills or knowledge in an area you do not master, which could also complement yours. Most host entrepreneurs enjoyed the experience so much that they decide to host other new entrepreneurs afterward.
It is really a win-win collaboration whereby both of the new and the host entrepreneurs can also discover new European markets or business partners, different ways of doing business.
On the longer-term, you will benefit from wide networking opportunities, and, possibly, decide to continue your collaboration, possibly as long-term business partners (e.g. joint ventures, sub-contracting activities, contractor-supplier relationships, etc).
New Entrepreneurs can participate in the Erasmus Exchange program if they are:
Entrepreneurs can have their (future) company or activity in any sector and there is no age limit. However, all participants must be over 18 years old.
Host Experienced Entrepreneurs can participate in the Erasmus Exchange Program if they are:
Young Entrepreneurs can apply for the Erasmus Exchange Program until 31 December 2019. Applications arriving after the deadline are not eligible for the exchange program.