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Erasmus for Young Entrepreneurs: Benefits for 3200 small business
More than 1600 exchanges have so far been organised under the Erasmus
for Young entrepreneurs programme and some 3200 businesses have been created or
expanded (including numerous joint ventures and new cross border relations, see
Since 2009, funded by the European Commission, Erasmus for Young
Entrepreneurs enables new entrepreneurs – be they "would-be" entrepreneurs armed
with a coherent business plan or entrepreneurs who started their own business in
the last three years – to gain valuable skills and experience in a business in
another country participating in the Competitiveness and Innovation Programme
European Commission Vice President Antonio Tajani will congratulate
tomorrow in Milan new entrepreneurs who recently set up their own company.
They have opened various types of company, including an enterprise
company producing educational game software and promoting tourism using mobile
technologies, a strategic consulting firm for technology focused companies, and
a jewellery technology network.
European Commission Vice President Antonio Tajani, Commissioner for
Industry and Entrepreneurship, said:
"During these difficult economic times being your own boss is an
alternative which is not yet sufficiently exploited.
Given the high youth unemployment, we wish to stimulate more young,
start-up entrepreneurs to take the decisive step and set up a new enterprise.
By participating in 'Erasmus for Young Entrepreneurs' they gain a
unique opportunity to learn from experienced colleagues so that their business
ideas can become a reality
Under the 'Erasmus for Young Entrepreneurs' programme, an entrepreneur
intending to start a company or having just started one, can get first-hand,
practical coaching from an experienced entrepreneur from another country, by
working alongside him or her for one to six months.
New entrepreneurs receive a grant from the European Union for their
Through this experience, they can acquire the skills needed to
successfully start and run a small business, or bring some fresh ideas into
Host entrepreneurs also benefit significantly from the exchange.
They can make use of the particular knowledge the young entrepreneur
brings, profit from the entrepreneur’s energy and talent, and last but not least
get the opportunity to explore new markets abroad.
94% of participating new entrepreneurs and 85% of host entrepreneurs
report that the programme has helped them to set up or extend development their
84% of host entrepreneurs would happily welcome another young
Some have received up to four so far!
Many exchanges result in long-term cooperation between the two
entrepreneurs, as well as in the internationalisation of their businesses.
Also, the programme does not only considerably contribute to the
creation of new businesses, but makes them more robust, competitive and
New businesses, new ideas, and stronger companies: this means less
'Erasmus for Young Entrepreneurs' is financed by the European
Commission and operates across countries participating in CIP with the help of
nearly 200 business support organisations (intermediary organisations), such as
Chambers of Commerce, business support organisations or start-up centres.
This programme started in 2009 as a pilot project, but became soon part
of the Competitiveness and Innovation Programme (CIP), which provided it with a