Daily Planet

Erasmus For Entrepreneurs? Take Your Startup Abroad!

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You may have heard about the millions of European students studying abroad as part of the EU’s Erasmus programme. But did you know there is also an Erasmus for entrepreneurs?

If you get in, you could kick-start your startup and exchange experience and skills with people across Europe. The programme is not focused on age, so don’t worry if you’re not a young-in-age entrepreneur. The scheme is for any entrepreneurs who are firmly planning on setting up a business or have started one within the last three years.

Running your own business can be both incredibly rewarding and challenging. According to Erasmus for Young Entrepreneurs, 37 out of 100 Europeans say they would start their own business. But there’s a catch: only one out of 100 actually will.

Erasmus for Young Entrepreneurs offers an opportunity to new and aspiring entrepreneurs to learn from experienced entrepreneurs already running businesses in other countries.

You could stay with an experienced business owner for a period of one to six months. You get to team up, innovate and could even explore new markets together.

Hosts vs. New Entrepreneurs

As a new and aspiring entrepreneur you can benefit from on-the-job training in a small or medium business somewhere in Europe.

Everything you learn from your host entrepreneur can help you towards the successful start of your own business. You could also benefit from access to new markets and potential collaborations with business partners abroad.

The host entrepreneur meanwhile, benefits from fresh, new ideas from you – the budding entrepreneur. They may also learn from skills or knowledge you have in fields they are not as familiar with, which could help their own business.

According to Erasmus for Young Entrepreneurs, most hosts enjoyed the experience so much they decided to host other new entrepreneurs again.

How to Get in

The programme is accessible to all European new and host entrepreneurs who have their permanent residence in one of 28 EU Member States, or in associated countries like Armenia, the Former Yugoslav Republic of Macedonia, Iceland, Montenegro, Moldova, Turkey, Albania or Serbia.

The application form asks for your curriculum vitae, business plan and a description of your motivation for wanting to join the programme.

It’s recommended that you read up on the registration guide (new entrepreneur guide/host entrepreneur guide) before applying to make sure you have all the right information.

Erasmus for Young Entrepreneurs is just one of many EU programmes that support start-ups. If you have a business plan that could help bring down greenhouse gas emissions, make sure to check out how Climate-KIC could help you!