The European exchange program for Entrepreneurs

Erasmus for Young Entrepreneurs was launched in 2009 by the European Commission and helps provide aspiring European entrepreneurs with the skills necessary to start and/or successfully run a small business in Europe. New entrepreneurs gather and exchange knowledge and business ideas with an experienced/host entrepreneur, with whom they stay and collaborate for a period of 1 to 6 months. The stay is partly financed by the European Commission.

New entrepreneurs exchange knowledge with a host entrepreneur

As one of the key actions of the Entrepreneurship 2020 Action Plan, aiming to reignite the entrepreneurial spirit in Europe and support new businesses in crucial phases of their lifecycle, ever since its beginning in 2009, Erasmus for Young Entrepreneurs has provided over four thousand entrepreneurs with the opportunity to meet another entrepreneur of a different country and develop their business.

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New entrepreneurs can benefit from on-the-job training in a small or medium-sized enterprise elsewhere in the Participating Countries. This will ease the successful start of their business or strengthen their new enterprise. They can also benefit from access to new markets, international cooperation and potential possibilities for collaboration with business partners abroad.

 

Host entrepreneurs can benefit from fresh ideas from a motivated new entrepreneur on their business. The new entrepreneur may have specialized skills or knowledge in an area the host entrepreneur does not master. Most host entrepreneurs enjoy the experience so much that they decide to host other new entrepreneurs afterwards.

 

One-third of the aspiring entrepreneurs that have participated in the program (36.5%) have created their own business

One-third of the aspiring entrepreneurs that have participated in the program (36.5%) have created their own business and more than half of the new entrepreneurs (58.3%) consider the exchange made a considerable positive contribution to the start of their company. This is a positive and encouraging result considering the 5% drop in overall business creation in Europe from 2009-2011.

Erasmus for Young Entrepreneurs is run locally by support intermediary organizations (e.g. Chambers of Commerce and Industry, start-up centers, incubators etc.). These local contact points are selected by the European Commission and guide entrepreneurs throughout the exchange. Their activities are coordinated on a European level by the Support Office of the Program.

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The Academy of Entrepreneurship*, is one of the Intermediary Organizations for the Erasmus for Young Entrepreneurs in Greece.

To obtain more information about the program and to get in touch with your local contact point, please visit the program website http://www.erasmus-entrepreneurs.eu/index.php?lan=en or contact Mrs Aliki Anagnosti at: partnerships@akep.eu

*The Academy of Entrepreneurship (AKEP) is a nonprofit organization founded in 2007 and based in Athens, Greece. It acts in tandem with the Federation of Hellenic Associations of Young Entrepreneurs (OESYNE). Its main objective is to contribute to the creation of a healthy business environment for the development of entrepreneurship in South Eastern Europe and support young entrepreneurs’ business goals and plans.