Erasmus for Young Entrepreneurs
Erasmus for Young Entrepreneurs is a cross-border exchange programme that 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.
The programme encourages the participation of both:
- New entrepreneurs, firmly planning to set up their own business or have already started one within the last three years.
- Experienced entrepreneurs who own or manage a Small or Medium-Sized Enterprise (SME) in one of the Participating Countries.
The amount of the financial support and related details are subject to the financial agreement signed between the New Entrepreneurs (NE) and the Intermediary Organisations (IO), and it is based on the monthly lump sum for the country of the exchange and the actual periods spent abroad with the Host Entrepreneur (HE).