Frequently Asked Questions : General questions about the Erasmus for Young Entrepreneurs programme
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 m...
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 programme,...
- 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 de...
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 entrepreneurs,...
The programme is accessible to all European new and host entrepreneurs who have their permanent residence in one of 28 European Member States, the Former Yugoslav Republic of Macedonia, Iceland, Montenegro,Turkey, Albania, Serbia, Moldova or Armenia.
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 cri...
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 ma...
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 for...
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 int...
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 ad...
These two programmes are similar to a certain extent since Erasmus for Young Entrepreneurs is also a co-operation and mobility programme. The objective of both programmes is to enhance international cooperation capacity. The mobility programme Erasmus ...
Before registering for the programme, applicants are encouraged to read the Users' Guide [1], available in three languages: German, French and English). It contains all the general information about the conditions on how to apply for the programme. Ent...
The European Commission has officially appointed more than 200 intermediary organisations throughout the European Union and the other participating countries who act as local contact point for entrepreneurs. These entities guide entrepreneurs throughout t...
The objectives of the programmes differ from one programme to another. A former Erasmus student may participate in Erasmus for Young Entrepreneurs providing his exchange with the Erasmus for Students programme has ended.
The programme does not foresee any European funding forhost entrepreneurs. The details of the financial support are subject to an agreement between the new entrepreneur and his/her intermediary organisation and reflect the overall living costs of the c...
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