Can a family member, who is planning to take over a family enterprise, participate in the programme as a new entrepreneur?
Yes, a family member, who has taken over the family business or who is planning to do so, may participate in the programme. While the business may have existed for more than 3 years, the new entrepreneur wasn’t heading the family business per se, and is thus eligible for the programme as long as he/she meets the other eligibility criteria set by the programme. This falls in line with Small Business Act for Europe, who consider Erasmus for Young Entrepreneurs a key opportunity “to create an environment within which entrepreneurs and family businesses can thrive and entrepreneurship is rewarded”.
Related Articles
Can a new entrepreneur from Switzerland participate in the programme?
The current condition for all entrepreneurs, regardless of their nationality, applying for the Erasmus for Young Entrepreneurs programme, is to be a permanent resident in one ofparticipating country. Entrepreneurs from Switzerland can participate in ...
Can I participate in the programme as a new entrepreneur if I live outside the European Union?
Yes, interested new entrepreneurs must have their ‘permanent residence' in an EU Member State or in any of the other participating countries to participate in the programme and must intend to start their business in one of the participating ...
Can an independent professional (for instance, a lawyer) apply as an entrepreneur in the programme?
Yes, according to the European Union definition of micro, small and medium-sized enterprise, self-employed professionals are considered entrepreneurs. Independent professionals can participate in the programme as new entrepreneurs, provided that the ...
Can the new entrepreneur be part of a cooperative?
Employees in cooperatives may be accepted as new entrepreneurs as long as they are firmly intending to start up their own business as well as meeting the other necessary eligibility requirements set by the programme.
Can I participate in the programme if my business exceeds 3 years of existence during my stay abroad?
Yes, entrepreneurs may apply as new entrepreneurs providing their business is younger than three years when registering for the programme.