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.

Benefits for new entrepreneurs

- Up to six months stay with an experienced entrepreneur in another European Union country to gain first-hand knowledge about business start-up in a wide range of areas such as: marketing/sales, financial accounting, customer relations, business finance etc. You will also have the opportunity to improve your business plan;

- Building self-confidence and skills: sector-specific knowledge or know-how, technical and management skills;

- Opportunities for collaboration with other entrepreneurs and the development of cross-border business co-operation;

- Networking and building of strong relationships, which can be useful for mutual consulting, business referrals, and for finding business partners abroad;

- Insights into different cultural and organizational settings and how companies function in another European Union country;

- Insights into the business environment of another European Union country;

- Improved language skills.

How to get financing for a start-up with no credit history?

Euronews’ BusinessPlanet looks at what EU Financial Instruments for small and medium sized enterprises are, and how they work. Watch the video & learn more

For more info about EU-funded projects check out the “Working For You” website that contains 78 projects, which showcase what the EU does for the business, jobs, quality of life and protecting citizens.