ERASMUS FOR YOUNG ENTREPRENEURS

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Description

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.

Prizes/Offer

Potential benefits for new entrepreneurs include the opportunity to:

– Stay up to six months with a successful and experienced entrepreneur in another European country to gain relevant business start-up knowledge in a wide range of areas such as marketing, financial accounting, customer relations, business finance;

– Improve the entrepreneurial experience and chances of success during the business start-up phase;

– Refine business ideas/plan;

– Become members of an international European business network of successful entrepreneurs;

– Gain knowledge about foreign markets and understand the regulatory framework in another European Union country;

– Collaborate and develop cross-border business co-operation;

– Gain insights into different cultural and organisational settings and understand how companies function in the European Union;

– Improve language skills;

– Find out about European commercial law and the single European market, European standardisation and European support for SMEs;

– Receive practical and financial assistance such as induction courses before the exchange, logistical and local support during the stay, and a grant covering the travel and subsistence costs during the stay abroad.

 

Potential benefits for host entrepreneurs include the opportunity to:

– Work with an energetic and motivated new entrepreneur who will contribute with innovative views, new skills and knowledge to the host entrepreneur’s business;

– Learn about foreign markets, expand business opportunities and engage in cross-border activities;

– Interact with businessmen and women from other European countries and become part of a dynamic European business network of successful entrepreneurs;

– Improve the growth potential of the company by establishing a business partnership with a new entrepreneur from another European country;

– Benefit from the assistance of professional intermediary organisations, which help you to search for a suitable business partner for the exchange;

– Option to use of the Erasmus for Young Entrepreneurs labels and certificate attesting your participation in the programme;

– Increase the visibility and prestige of your business (e.g. via interviews with the media);

Eligibility

– New entrepreneurs, firmly planning to set up their own business or have already started one within the last three years;

– Experienced entrepreneurs (host entrepreneurs) who own or manage a Small or Medium-Sized Enterprise in one of the Participating Countries.

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