ERASMUS for Young Entrepreneurs

Support for projects across the EU enabling new entrepreneurs to acquire the skills needed to manage a small to medium-sized enterprise by spending time at the company of an experienced entrepreneur in another European Union country. The programme encompasses funding for business support organisations including public authorities to set up the scheme and support for new entrepreneurs once the scheme is established.

Intermediary Organisations

Following the signing of a Framework Partnership Agreement, grants are made for annual Specific Agreements. The grant reimburses up to 90% of the eligible costs incurred by Intermediary Organisations. The maximum grant per Specific Agreement is €800,000.

The total indicative budget for co-financing of Erasmus for Young Entrepreneurs under the COSME Programme is estimated at €80 million.

New Entrepreneurs

As a new entrepreneur, you will benefit from on-the-job training in a small or medium-sized enterprise elsewhere in the European Union. This will ease the successful start of your business or strengthen your new enterprise. You can also benefit from access to new markets, international cooperation and potential possibilities for collaboration with business partners abroad.

Host Entrepreneurs

As a host entrepreneur, you can benefit from fresh ideas from a motivated new entrepreneur on your business. S/he may have specialised skills or knowledge in an area you do not master, which could also complement yours.