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.).