Up to €1,200 Monthly Erasmus Entrepreneur Exchange

• Organization: European Commission (Erasmus for Young Entrepreneurs Support Office)
• Type: Fellowship
• Location: Global
• Funding: Partially Funded

Erasmus for Young Entrepreneurs is a European Commission exchange programme that places new or aspiring entrepreneurs with an experienced business owner in another participating country for one to six months. You work inside the host's business, learn how it runs, and receive a monthly allowance towards your travel and living costs while abroad. Applying is free and the programme accepts applications all year round. **What you get:** - A monthly allowance towards travel and subsistence while abroad, set by country of stay: EUR 600 (Albania, Ukraine) up to EUR 1,200 (Denmark, Liechtenstein, Norway, United States), for exchanges starting from June 2024 - EUR 1,200 a month for entrepreneurs with disabilities, whatever the country of stay, and for exchanges to or from the EU outermost regions and overseas territories - One to six months of on-the-job collaboration inside an established small business in another participating country, which can be split into shorter slots of at least a week within a 12-month window - A local contact point (a chamber of commerce, incubator or start-up centre) that checks your application, helps you find a host and pays the grant - Access to an online catalogue of host entrepreneurs across 40 plus countries, with up to five proposals of your own - Preparation training before departure and a signed Commitment to Quality setting out objectives, tasks and dates - Networking, access to new European markets, and the possibility of a longer-term business partnership with your host **What you'll do:** - Register on the programme's online tool with your CV, a motivation statement and a business plan, and choose a local contact point in your country of residence - Once accepted, search the online catalogue or propose a host you already know, and agree a work and learning project with them - Sign a Commitment to Quality with your host and both contact points, and a financial agreement with your own contact point - Spend one to six months working alongside your host entrepreneur in their business, contributing your own skills, then complete an online feedback questionnaire **Key dates:** - Applications are open all year; there is no closing date - The stay abroad lasts one to six months in total and must be completed within twelve months **More information:** - Programme and benefits: https://www.erasmus-entrepreneurs.eu/page.php?cid=20 - Who can participate and participating countries: https://www.erasmus-entrepreneurs.eu/page.php?cid=3 - New entrepreneur eligibility: https://www.erasmus-entrepreneurs.eu/page.php?cid=16 - How the exchange works: https://www.erasmus-entrepreneurs.eu/page.php?pid=014 - Monthly grant table by country (PDF): https://www.erasmus-entrepreneurs.eu/upload/2024-05%20Financial%20assistance%20for%20exchanges%20starting%20from%20June%202024.pdf - Frequently asked questions: https://www.erasmus-entrepreneurs.eu/page.php?cid=6

Apply for Up to €1,200 Monthly Erasmus Entrepreneur Exchange