Deadline: 8-Jun-22
The European Commission (EC) is calling for proposals for Erasmus for Young Entrepreneurs (EYE).
Scope
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, while giving experienced entrepreneurs access to innovative ideas and new partners markets.
Objectives
- The general objective of the Erasmus for Young Entrepreneurs programme is to enhance entrepreneurship, develop the international outlook and competitiveness of European SMEs and foster potential start-up entrepreneurs and newly-established micro and small enterprises in the Participating Countries.
- Specific Objectives:
- To provide on-the-job-training for new entrepreneurs with established host entrepreneurs in small and medium-sized enterprises abroad in the SMP Participating Countries in order to facilitate a successful start-up, and development of their business ideas;
- To foster sharing of experience and information between entrepreneurs on the obstacles and challenges of starting up and developing their businesses;
- To enhance market access and identification of potential partners for new and established entrepreneurs in other EU and SMP Participating Countries; also new entrepreneurs with EU citizenship have the possibility to go on an exchange with host entrepreneurs in the EYE global destinations;
- To support networking between entrepreneurs from different SMP Participating Countries by building on knowledge and experience;
- To foster matching of entrepreneurs from “underrepresented” countries. Based on statistical data, “underrepresented” countries are the following ones: Ukraine, Kosovo, Turkey, Republic of Moldova, Bosnia and Herzegovina, France, Armenia, Germany, Poland, Albania, Czech Republic;
- To contribute to the EU’s strategies in relation to the triple transition (sustainable transition, digital transition and stronger resilience), such as suggested by the EU’s new Industrial Strategy for a globally competitive, green and digital Europe.
Funding Information
- The available call budget is EUR 40 000 000. This budget might be increased by maximum 20%.
- The availability of the call budget still depends on the adoption of the budget 2023 and 2024 by the EU budgetary authority.
- Under this call for proposals around 10-15 projects are expected to be funded: around 7 to 8 large (type 1) and 5 to 6 small (type 2) projects.
Expected Outcomes
- Circa 12,000 entrepreneurs matched;
- Circa 14,000 entrepreneurs newly registered;
- Between 70 and 100 Intermediary Organisations involved in the implementation of the programme;
- At least 30 countries covered;
Note: Rate of successful exchanges above 90% (entrepreneurs’ feedback).
Eligibility Criteria
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
- be legal entities (public or private bodies)
- be established in one of the eligible countries, i.e.:
- EU Member States (including overseas countries and territories (OCTs)
- non-EU countries: listed EEA countries and countries associated to the SME part of the Single Market Programme or countries which are in ongoing negotiations for an association agreement and where the agreement enters into force before grant signature.
For more information, visit https://bit.ly/3tdzjwy