Who grants the financial support to new entrepreneurs?

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• Do new entrepreneurs benefit from financial assistance during the stay abroad?

  Financial support to new entrepreneurs contributes to travel costs to and from the country of the stay and covers subsistence costs (in particular in terms of accommodation) during the visit. The details of the financial support are subject to an ...

• Must the new entrepreneur find additional funds for his/her stay abroad?

  Financial support to new entrepreneurs contributes to travel costs to and from the country of the stay and covers subsistence costs (in particular in terms of accommodation) during the visit. Under no circumstances will the European Commission accept ...

• 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 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 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 ...