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Erasmus European Exchange Programme for Young Entrepreneurs

 

Erasmus for Young Entrepreneurs helps provide aspiring European entrepreneurs with the skills necessary to start and/or successfully run a small business in Europe. New entrepreneurs gather and exchange knowledge and business ideas with an experienced entrepreneur, with whom they stay and collaborate for a period of 1 to 6 months. The stay is partly financed by the European Commission.

Who can participate:
  • Start Up Entrepreneur
You can participate in the programme as a new entrepreneur if:

  • You are firmly planning to start a business, based on a viable business plan;
  • You have started your own business within the last 3 years.

Your (future) company or activity can be in any sector and there is no age limit.

However, you must also:

  • Be a permanent resident in one of the Participating Countries;
  • Have a concrete project or business idea, reflected in a business plan;
  • Be motivated and committed to collaborate during your stay with an experienced entrepreneur from another Participating Country; be prepared to contribute to the development of the host entrepreneur’s business and make your skills and competences available;
  • Be ready to complement the programme funds as needed to cover the costs of your stay abroad.

Experienced Entrepreneur:

As a host entrepreneur you can participate in the programme if:·

  • You are a permanent resident in one of the Participating Countries;
  • You are the owner-manager of a small or medium enterprise OR a person directly involved in entrepreneurship at SME board level;
  • You have been running a company for more than 3 years;
  • You are willing to share your knowledge and experience with a new entrepreneur and act as a mentor.

How to Participate:
1. Prepare your application documents: curriculum vitae, motivation and, in addition for the new entrepreneurs, a business plan;

2. Register via the online form (link) and submit your CV and business plan (for new entrepreneurs only);

3. Build a relationship with a new or host entrepreneur abroad (two options):
a) You suggest to your local contact point a new or host entrepreneur with whom you are already in contact, or
b) You look for a new or host entrepreneur in the online catalogue with the help of your local contact point.

4. Reach an agreement with your new or host entrepreneur about the work and learning project (i.e. about the dates, objectives and activity plan of the exchange) and submit the details to your local contact point;

5. Signature of Commitment to Quality: A Commitment to Quality (link) should be (digitally) signed by all partners involved in the relationship. As a new entrepreneur, you should equally conclude a funding agreement with your local contact point;

6. Start of the stay abroad: The duration of the exchange may be from 1 to 6 months with the possibility of dividing the stay into weekly slots (providing the time span does not exceed a total of 12 months);

7. The financial assistance to the new entrepreneur will be provided in several payments, according to the agreement signed with his/her local contact point.

For More Information:

Visit the Official Webpage of the Erasmus European Exchange Programme

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