Objective

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

Priorities

• Priority 1: 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
• Priority 2: to foster sharing of experience and information between entrepreneurs on the obstacles and challenges of starting up and developing their businesses
• Priority 3: 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
• Priority 4: to support networking between entrepreneurs from different SMP Participating Countries
• Priority 5: to foster matching of entrepreneurs from “underrepresented” countries
• Priority 6: to contribute to the EU’s strategies in relation to the triple transition (sustainable transition, digital transition and stronger resilience)

Among financed actions

• Matching with host entrepreneurs
• Promotion of the programme
• Enrolment of entrepreneurs
• Management of grant agreements with new entrepreneurs, commitments and financial assistance

Additional information

• This call for proposals is an open call for proposals
• Initial duration of the action: 48 months

Eligibility

• Be legal entities
• Be established in one of the eligible countries
• Be a consortium composed of at least 6 entities from 4 different eligible countries, note include more than 10 applicants in total, have a maximum of 2 applicants from the same country in one consortium, at least half of the consortium must have at least 5 years of experience in implementing the EYE programme, including the consortium leader

• Total budget of the topic “Erasmus for Young Entrepreneurs“: 40 million euro
• Amount of the grant: between  2 and 4 million euro
• Co-financing rate:
  • up to 100% for the costs for providing financial support to third parties (new
    entrepreneurs)
  • Up to 75% for all other costs categories