General questions about the Erasmus for Young Entrepreneurs programme
Do all entrepreneurs benefit from the funding?
The programme does not foresee any European funding for host entrepreneurs. The details of the financial support are subject to an agreement between the new entrepreneur and the intermediary organisation and reflect the overall living costs of the ...
May I participate in the Erasmus for Young Entrepreneurs programme if I have already participated in other projects funded by the European Union, such as Erasmus+ or ESC?
The objectives of the programmes vary from one to another. You may participate in the Erasmus for Young Entrepreneurs programme, provided that any exchanges under other European programmes have concluded.
What is a local contact point?
The European Commission has officially appointed Intermediary Organisations throughout the European Union and the other participating countries, that act as local contact point for entrepreneurs. These entities guide entrepreneurs throughout the ...
What are the most important documents relevant to the programme?
Before registering for the programme, applicants are encouraged to read the Users’ Guide, available in three languages: German, French and English). It contains all the general information about the conditions on how to apply for the programme. ...
Who is responsible for the management of the programme?
The European Commission bears the overall political and financial responsibility. It equally raises awareness of the programme, gives guidance, approves relationships between new and host entrepreneurs, ensures evaluation and follow-up, develops and ...
Is there any funding available?
The European Union foresees financial assistance for new entrepreneurs, which contributes to travel costs to and from the country of the stay and covers subsistence costs during the visit. This financial assistance is paid by the new entrepreneur's ...
What are the benefits for host entrepreneurs?
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 ...
What are the benefits for new entrepreneurs?
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 ...
What is the European Union definition of micro, small or medium-sized enterprise (SME)?
The European Commission Communication defines SMEs as follow: “An enterprise is any entity engaged in an economic activity, irrespective of its legal form”. “Enterprises qualify as micro, small and medium-sized enterprises (SMEs) if they fulfil the ...
Which countries can participate?
The programme encourages the participation of both: Aspiring or new entrepreneurs Experienced entrepreneurs New Entrepreneurs must have residence (see definition) in any EU member state or a SMP country. Host Entrepreneurs must have residence (see ...
Who can participate?
Eligible entrepreneurs are those in the early stages of their business start-up (new entrepreneurs) and experienced owners or managers of a micro or small enterprise (host entrepreneurs). The term "new entrepreneur” includes both nascent ...
What are the programme’s objectives?
Facilitating business exchanges between new and experienced entrepreneurs; Up to six months on-the-job-training enabling a successful business start-up; Exchanging experience and knowledge about obstacles and challenges when starting and developing ...
What is Erasmus for Young Entrepreneurs?
Erasmus for Young Entrepreneurs is a European business exchange programme. It provides practical and financial assistance to newly established or would-be entrepreneurs wishing to spend some time abroad with a host entrepreneur. Thanks to the ...
Where did the initiative come from?
In light of this fact, the European Union initiated the Erasmus for Young Entrepreneurs programme in 2009, which represented an innovative response to the dual challenge of stimulating entrepreneurship and encouraging cross-border trade in Europe. By ...