Introduction
Erasmus for Young Entrepreneurs is a program that allows people who want to start a business or have just started one to travel to another country to work and learn from someone who has more experience in that field. This program helps them learn new skills and get ideas to help them succeed in their own business. It also helps them meet and learn from other business people in different countries with the help if Intermediary Organisations.
There is currently an available call for organisations to participate in the selection process as Intermediary Organisations (IOs) for the implementation of the Erasmus for Young Entrepreneurs program at the local level.
These organisations will be responsible for recruiting entrepreneurs and helping them make the most of the program.
The main goals
The Intermediary Organisations will aim for high-quality results in this proposal call by achieving the following goals:
- Building a strong network of new entrepreneurs, host entrepreneurs, and Intermediary Organisations.
- Helping new entrepreneurs learn from experienced ones in different countries, making it easier for them to work together.
- Supporting the creation of new businesses and partnerships across borders.
- Helping host entrepreneurs become more active internationally and innovative.
In particular these organisations will be like local hubs for the program. They’ll work with other groups and governments involved in the exchange program to make sure everything runs smoothly. They’ll get support from the Support Office, which helps manage the program.
The Intermediary Organisations will help new entrepreneurs from certain countries learn and grow by spending time with experienced entrepreneurs in other countries.
At the same time, they’ll also help experienced entrepreneurs find new entrepreneurs to work with, so they can get new ideas, skills, and access to new markets.
Eligible activities & funding
Projects must align with important EU goals and areas of focus, like the environment, social issues, security, industry, and trade.
In particular they should meet the following requirements:
- Where the projects happen: They should take place in the countries mentioned here, plus Canada, Singapore, UK, and USA.
- Duration: Projects are expected to last 36 months, starting on February 1, 2025, and ending on January 31, 2028. Extensions are possible if there’s a good reason and it’s approved.
The budget for projects can get up to EUR 1,000,000 in funding.
Notice that the actual grant given might be less than what’s asked for.
Who can apply?
Groups that are officially recognised as organisations or businesses that want too apply should be based in:
- European Union countries (including faraway territories)
- European Economic Area countries, countries connected to the Single Market Program, or countries wanting to join.
There should also be at least 5 but no more than 8 applicants applying, and they should meet these rules:
- They’re from at least 4 different countries that are allowed to join.
- Only 2 groups can be from the same country.
- They have at least 2 years of experience with the EYE program.
Deadlines
To submit your application and receive funding, you must comply with the following deadlines:
Do you want to know more?
So, are you part of an organisation and would you like to apply for this opportunity?
Here you can find more information on the official call!
To apply, visit the official portal of the EU commission!
The deadline is 27 of June 2024!
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