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.
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 stay is partially funded by the European Union.
Whether you are a new or highly experienced entrepreneur, the programme can offer strong added value to your business: possible benefits include exchange of knowledge and experience, networking opportunities across Europe, new commercial relations or markets abroad.
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.
As a new entrepreneur, you will benefit from on-the-job training in a small or medium-sized enterprise elsewhere in the Participating Countries. 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.
As a host entrepreneur, you can benefit from fresh ideas from a motivated new entrepreneur on your business. They may have specialised skills or knowledge in an area you do not master, which could also complement yours.
It is really a win-win collaboration whereby both of you can also discover new European markets or business partners and different ways of doing business. You will benefit from wide networking opportunities, and, possibly, decide to continue your collaboration, as long-term business partners (e.g. joint ventures, sub-contracting activities, contractor-supplier relationships).