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Erasmus Young Entrepreneurs Exchange Program 2019/2020

Erasmus Young Entrepreneurs Exchange Program 2020

Erasmus for Young Entrepreneurs is a cross-border exchange program that gives new or aspiring entrepreneurs the opportunity to learn from experienced entrepreneurs who run small businesses in other participating countries.

The exchange of experiences takes place during a stay with an experienced entrepreneur, which helps the new entrepreneur acquire the skills necessary to manage a small business. The host benefits from new perspectives in his business and has the opportunity to cooperate with foreign partners or meet new markets.

 

Table of Contents

  • Country: European countries
  • Financial coverage: Fully Funded
  • Eligible Regions: Selected countries participant
  • Deadline: December 31, 2019
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    Eligibility Criteria :

    New entrepreneurs can participate in the Erasmus Exchange program if they are:

    Strongly planning to start a business, based on a viable business plan; Or have less than 3 years of total business experience.
    A permanent resident in one of the participating countries;
    Have a specific project or business idea, reflected in a business plan;
    Motivated and committed to collaborate during your stay with an experienced entrepreneur from another participating country; Similarly, they should be prepared to contribute to the development of the host entrepreneur’s business;
    Be prepared to supplement program funds as necessary to cover the costs of your stay abroad.
    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.

    Experienced entrepreneurs can participate in the Erasmus Exchange program if they are:

    A permanent resident in one of the participating countries and his company is registered in that country;
    The owner-manager of a small or medium-sized business OR a person directly involved in entrepreneurship at the SME board level (not an employee);
    He has been running a company as an entrepreneur (not as an employee) for more than 3 years;
    Willing to share their knowledge and experience with a new entrepreneur and act as a mentor.

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    Benefits :

    The Erasmus for Young Entrepreneurs Exchange program benefits both new entrepreneurs and hosts. As a new entrepreneur, you will benefit from job training in a small or medium business in another participating country. This will facilitate the successful start of your business or strengthen your new company. You can also benefit from access to new markets, international cooperation and potential opportunities for collaboration with business partners abroad.

    The new entrepreneur and his local contact point sign an agreement that determines the financing granted during his stay and how it will be paid in practice. Financial support is calculated monthly and is based on the monthly lump sum of the corresponding country.

    As a host entrepreneur, you can benefit from new ideas from a new entrepreneur motivated in your business. New entrepreneurs may have specialized skills or knowledge in an area that you do not master, which could also complement yours. Most of the host entrepreneurs enjoyed the experience so much that they later decided to host other new entrepreneurs.

    It really is a collaboration in which everyone wins, both new entrepreneurs and hosts can also discover new European markets or business partners, different ways of doing business.

    In the long term, you will benefit from extensive networking opportunities and possibly decide to continue your collaboration, possibly as long-term business partners (for example, joint ventures, outsourcing activities, relationships between contractors and suppliers, etc.).

     

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    Application Process:

    Please follow the link below to apply

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