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Erasmus for Young Entrepreneurs

Erasmus for Young Entrepreneurs. How to make the EU more entrepreneurial. Enterprise Europe Network and Internationalization of SMEs Unit DG GROW- European Commission. What is Erasmus for Young Entrepreneurs ?.

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Erasmus for Young Entrepreneurs

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  1. Erasmus for Young Entrepreneurs How to make the EU more entrepreneurial Enterprise Europe Network and Internationalization of SMEs Unit DG GROW- European Commission

  2. What isErasmus for Young Entrepreneurs ?

  3. EU-funded exchange programme for entrepreneurs from the EU members states and 10 additional countries. • 1-6 months exchanges for new entrepreneur (NE) with experienced entrepreneur (HE) abroad • Opportunity to exchange knowledge, business ideas, contacts and experiences

  4. How does it work?

  5. Feedback & Payment Stayabroad Contracting &Preparing 5 Steps of the exchange: Matching Online Application NE – New Entrepreneur HE – Host Entrepreneur IO – Intermediary Organisation

  6. STEP 1: Online application Application fromNE (needs: business plan, CV, motivation); OR HE states interest to participate(needs: CV and motivation); Applications checked by IO; > Admission to on-line catalogue How to apply? : www.erasmus-entrepreneurs.eu NE – New Entrepreneur HE – Host Entrepreneur IO – Intermediary Organisation

  7. STEP 2: Searching & Matching Entrepreneurs search for partners - on-line-catalogue, themselves IOs contact other IOs in other countries to "recruit" a suitable Entrepreneur Automatic matching based on profiles > Proposalsareestablished

  8. STEP 3: Contracting and preparation Negotiations on duration, objectivesandcontent > NOT traineeship! Agreement on thecontentoftheexchange NE does pre-departure induction NE receives a grant

  9. STEP 4: Stayabroad Duration: 1-6 months; On-the-job , Peer‑to‑peer training, working on concreteprojects On-site support provided to the NE by the Host IO Reporting about the exchange.

  10. STEP 5: Feedback and final payment Electronic feedback questionnaiers for HE and NE Final paymentto NE upon sucessfulcompletion Re-insertion of HE intothecatalogue (if inter-estedtocontinue)

  11. EYE - general framework EUROPEAN COMMISSION – Definition of strategic and financial framework EASME - Contracting Authority and grant management SUPPORT OFFICE – day-to-day operational management

  12. Benefits for Host & New Entrepreneurs Benefits for Host Entrepreneurs Benefits for New Entrepreneurs • Access new skills and innovative knowledge • Work with a fresh mind contributing new ideas • Gain 'intelligence 'about foreign markets • Establish new business partnerships with entrepreneurs from other countries • Get experience & advice from seasoned entrepreneur • Develop international contacts • Get knowledge about foreign markets • Providers, clients, co-venturing opportunities

  13. Key figures and impact

  14. EYE Growth pathbased on completed relationships by year(For 2016 matches in preparation & execution included)

  15. Exchanges by country 2009 – February 2017

  16. Feedback from NEW entrepreneurs What skills did I develop

  17. Feedback from Host entrepreneurs What skills did I develop and expand

  18. Impact for NEs Survey results - New entrepreneurs: • 58% NEs: "EYE contributedwithmuchorverymuchtothegoodstartofcompany" • EYE canbe a launch pad tocreatingnewbusinesses: 36.5% of 'Would-be' entrepreneursstatedtheyhavecreatedtheirownbusiness after theexchange • Ca. 50% of NEs benefittedsubstantially in finding a supplierorbuyerorjointventurepartnerin theshortterm • 15% of NEs consideredentrepreneurshipas a solutiontounemployment

  19. Impact for HEs Survey results - Host entrepreneurs: • 60% of HEs statedtheygained 'New ideas/techniques' fortheirbusinesses • 53% of HEs havedevelopednewproductsorservicessincetheexchangetookplace • 65% of HEs extendedtheiroperationstoothermarkets; with 24% ofthemoperating in the NEs countrysincetheexchange

  20. Erasmus for Young Entrepreneurs • 2009-2017 Achievements: • Successful proof of concept • 50 M EUR in 9 Calls (Call 10to belaunched Q1) • 4500 exchanges (i.e. 9000 entrepreneurs involved) • 13000 entrepreneurs registeredin the database (leading: IT, ES, UK, DE, RO) • Intermediary Organisations: 173 in 30 countries

  21. Erasmus for Young Entrepreneurs • Challenges and Nextsteps: • Growthoftheprogramme • Increaseofparticipationofentrepreneurs/IOsfrom COSME countries • Pilot project – extentionofgeographicalcoverage

  22. Erasmus for Young Entrepreneurs • www.erasmus-entrepreneurs.eu • http://ec.europa.eu/growth/smes/promoting-entrepreneurship/support/erasmus-young-entrepreneurs/index_en.htm • Facebook: https://www.facebook.com/European.Entrepreneurs.EYE.Programme • Twitter: https://twitter.com/EYEmoderator • LinkedIn: https://www.linkedin.com/groups/2698649/profile • Youtube: http://www.youtube.com/user/ErasmusEntrepreneurs • https://www.youtube.com/watch?v=KdSc1shbc1Q

  23. Thank you!

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