Erasmus for Young Entrepreneurs is a European cross-border exchange programme giving current and future young entrepreneurs a chance to gain specific knowledge and learn from experienced entrepreneurs from other European Union country.

Young, or as they are called within the programme – new entrepreneurs, go abroad to stay with the host entrepreneurs, where they acquire the skills needed to run a small firm. Such exchange can last up to six months. Host entrepreneurs bear no additional expenses due to exchange and new entrepreneurs stay is partially funded by the European Union.

 

Candidates for New Entrepreneurs should:

  • be firmly planning to start a business, based on a viable business plan;

  • or have started own business within the last 3 years.

 

Benefits for New Entrepreneurs:

  • up to six months stay with an Experienced Entrepreneur from other European Union country allows to gain first-hand knowledge about business start-up in a wide range of areas such as: marketing/sales, financial accounting, customer relations, business finance etc. It is also a great opportunity to improve business plan;

  • building self-confidence and skills: sector-specific knowledge or know-how, technical and management skills;

  • opportunities for collaboration with other entrepreneurs and the development of cross-border business co-operation;

  • networking and building of strong relationships;

  • insights into different cultural and organisational settings and how companies function in another European Union country;

  • insights into the business environment of another European Union country

  • improving language skills.

To participate as a Host Entrepreneur, candidate have to:

  • be the owner-manager of a small or medium enterprise or a person directly involved in entrepreneurship at SME board level;

  • be running a company for at least 3 years.

 

Benefits for Host Entrepreneurs:

  • exchange of good practices;

  • new ideas and insights from a “fresh eye” on host entrepreneurs’ business, and specialised knowledge that the new entrepreneur may have;

  • learning about foreign markets, expanding business opportunities and interacting with entrepreneurs from other EU countries;

  • building new strong relationships and finding business partners abroad;

  • acting as a coach or mentor;

  • improving language skills.