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Erasmus for Young

Entrepreneurs
A new European exchange programme
Ana Ciobanu-Coordinator
IO Neamt Chamber of Commerce and Industry

The European exchange programme


for
Entrepreneurs
Erasmus
for Young Entrepreneurs is a cross-border exchange

programme which gives new or aspiring entrepreneurs the


chance to learn from experienced entrepreneurs running
small businesses in other Participating Countries.
The exchange of experience takes place during a stay with
the experienced entrepreneur, which helps the new
entrepreneur acquire the skills needed to run a small firm.
The host benefits from fresh perspectives on his/her business
and gets the opportunities to cooperate with foreign partners
or learn about new markets.

Who can participate?


New entrepreneurs, firmly planning to set up their
own business or have already started one within
the last three years
Experienced entrepreneurs who own or manage a
Small or Medium-Sized Enterprise in one of the
Participating Countries

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New entrepreneur
You have started your own business withinthe last 3 years.
Your (future) company or activity can be in any sector and there is no age
limit.
However, you must also:
Be a permanent resident in one of the Participating Countries;
Have a concrete project or business idea, reflected in a business plan;
Be motivated and committed to collaborate during your stay with an
experienced entrepreneur from another ParticipatingCountry; be prepared to
contribute to the development of the host entrepreneur's business and make
your skills and competences available;
Be ready to complement the programme funds as needed to cover the costs
of your stay abroad.
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07/27/16

Host entrepreneur
As a host entrepreneur you can participate in the programme
if:
You are a permanent resident in one of the Participating
Countries;
You are the owner-manager of asmall or medium
enterpriseOR a person directly involved in entrepreneurship
at SME board level;
You have been running a company for more than 3 years;
You are willing to share your knowledge and experience with
a new entrepreneur and act as a mentor.

Concept
New entrepreneurs travel to an experienced entrepreneur in
another EU country and work with him/her for 1 to 6 months.
The matching of the new entrepreneurs with the host
entrepreneurs is carried out with the help of the
intermediary organisations.
The objective is to help new entrepreneurs to acquire
relevant skills for running and developing an SME; taking full
advantages of opportunities provided by the internal market.

07/27/16

Main steps to follow to participate in


the
Erasmus
for
Young
Entrepreneurs
1. Prepare your application documents: curriculum vitae, motivation and, in
addition for the new entrepreneurs, a business plan;
programme

2. Register via the online form and submit your CV and business plan (for
new entrepreneurs only);

3. Build a relationship with a new or host entrepreneur abroad (two options):


a) You suggest to your local contact point a new or host entrepreneur with
whom you are already in contact, or
b) You look for a new or host entrepreneur in the online catalogue with the
help of your local contact point.
4. Reach an agreement with your new or host entrepreneur about the work
and learning project (i.e. about the dates, objectives and activity plan of the
exchange) and submit the details to your local contact point;
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Main steps to follow to participate in


the Erasmus for Young Entrepreneurs
programme
5. Signature of Commitment to Quality: A Commitment to Quality

should be (digitally) signed by all partners involved in the relationship.


As a new entrepreneur, you should equally conclude a funding
agreement
with
your
local
contact
point;
6. Start of the stay abroad: The duration of the exchange may be from
1 to 6 months with the possibility of dividing the stay into weekly slots
(providing the time span does not exceed a total of 12 months);
7. The financial assistance to the new entrepreneur will be provided in
several payments, according to the agreement signed with his/her
local contact point.
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Benefits for the new


entrepreneur
NE has:
Gained valuable experience in running a business in a
relevant field, of potential pitfalls and how to avoid
them;
Gained knowledge on access to finance, business
management, marketing, etcallowing her to refine
her business plan;
Acquired international perspectives, opening her eyes
to possible opportunities beyond the Costa Del Sol or
Spanish market and a potential business partner.

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Benefits for the host


HE has:entrepreneur
developed a new potential business partnership;
benefited from the input of a motivated & creative
collaborator;
developed new perspectives and information on the
Spanish market;
the possibility to network with other experienced host
entrepreneurs in other EU-member states;
the satisfaction of mentoring a potential new
entrepreneur.

THANK YOU FOR YOUR


ATTENTION!

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