“Erasmus for Young Entrepreneurs” is a program funded by the European Commission with the aim of training future European entrepreneurs in the best possible way.
The program “Erasmus for Young Entrepreneurs” is a project funded by the European Commission to help young entrepreneurs to successfully start a small business in Europe. To achieve this goal, all participants are put in contact with an experienced entrepreneur, with whom they collaborate for a period that can vary from 1 to 6 months; during this time the entrepreneur tutor will assist his students with knowledge and business ideas.
“Erasmus for Young Entrepreneurs” operates in the participating countries with the help of local contact points (e.g. chambers of commerce, start-up centers, etc.). Their activities are coordinated at the European level by the Support Office of the program.
Eligible to participate in the program are:
Young entrepreneurs will benefit from an intensive training period with a small or medium-sized foreign company. The stay in the foreign country will be partially funded by the European Commission, and at the end the participants will be able to successfully start or strengthen their business. Moreover, thanks to the contacts developed during the project, at the end of the program they will be able to benefit from the access to new markets, join international cooperation projects and evaluate possibilities of collaboration with foreign business partners.
Entrepreneurs who decide to host young Erasmus entrepreneurs will in turn benefit from the fresh ideas that will accompany them, taking advantage of their motivation and activity. Most of the host entrepreneurs who have already taken part in the “Erasmus for Young Entrepreneurs” project enjoyed the experience so much that after the program ended they decided to apply again and host other young entrepreneurs. It is also not uncommon for both participants to decide to continue their collaboration after the end of the Erasmus project, agreeing to be long-term business partners.