Deadline: 23-Sep-20
European Commission (EC) has announced a call for proposals for the Erasmus for Young Entrepreneurs Global – Preparatory Action Program.
The overall objective of the call is to support new or aspiring European entrepreneurs in the crucial phase of establishing, running and growing their business by working with an experienced entrepreneur from a country or territory outside the EU. New entrepreneurs should be able to develop their entrepreneurial skills, international outlook and competitiveness.
The specific objectives are:
- To foster exchange of entrepreneurs from EU countries and countries and territories outside Europe: Canada, Israel, Singapore, South Korea, Taiwan, and the USA;
- To provide on-the-job-training for New Entrepreneurs (NE) with established Host Entrepreneurs (HE) in small and medium-sized enterprises elsewhere in non-EU countries and territories, in order to facilitate a successful start-up, scale-up and development of their business ideas;
- To foster sharing of experience and information between entrepreneurs on the obstacles and challenges of starting, developing and growing their businesses;
- To enhance market access and identification of potential partners for new European businesses in Canada, Israel, Singapore, South Korea, Taiwan, and the USA.
The purpose of this call is to select three organisations/consortia that will recruit ‘host entrepreneurs’ from at least three countries or territories among Canada, Israel, Singapore, South Korea, Taiwan, and the US, and manage their successful exchanges with at least 100 ‘new entrepreneurs’ (per applicant) from the EU.
Funding Information
- The total budget earmarked for the co-financing of projects under this call for proposals is estimated at EUR 2.000.000.
- The Commission expects to fund 3 proposals.
- Maximum EU financing amount per project: EUR 665 000.
- The maximum EU financing rate is set to 90% of total eligible costs, with 100% of third party financing and 80% of all other cost items.
- The maximum EU financing per New Entrepreneur is the following:
- Cost to cover travel to the exchange destination:
- For Israel a lump sum of EUR 600
- For Canada, Singapore, South Korea, Taiwan, the USA a lump sum of EUR 800
- Monthly lump sum of:
- EUR 900 in case of Canada
- EUR 900 in case of Israel
- EUR 1.000 in case of Singapore
- EUR 900 in case of South Korea
- EUR 700 in case of Taiwan
- EUR 1.000 in case of the USA
- Cost to cover travel to the exchange destination:
- for a maximum of three months to cover extra costs of the stay abroad. The maximum contribution per New Entrepreneur can thereby be EUR 3.800.
Eligibility Criteria
- Applications must be submitted by a legal person. Several applicants, submitting a joint proposal should choose within their midst a lead organisation, referred to as the coordinator. The coordinator and other applicants must satisfy the same eligibility criteria.
- Proposals may be submitted by any of the following applicants:
- Public entities responsible for or active in the fields of economic affairs, enterprise, business support or related issues;
- Chambers of commerce and industry, chambers of handicrafts or similar bodies;
- Business support organisations, start-up centres, incubators, technology parks, etc.;
- Business associations and business support networks;
- Public and private entities offering business support services.
For more information, visit https://ec.europa.eu/growth/content/erasmus-young-entrepreneurs-global-%E2%80%93-preparatory-action_en