Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries. The exchange of experience takes place during a stay with the experienced entrepreneur, which helps the new entrepreneur acquire the skills needed to run a small firm.
And since February 2014 JO Consulting become one of the new Local Contact Point through project GROWING-UP II. which will support new entrepreneurs allowing them to successfully start and develop their new business ideas through exchange placement at experienced entrepreneur who would like to expand to other EU country.
This project has been funded with support from the European Commission.
JO Consulting is Intermediate Organization for Southern Italy. (www.joconsulting.eu)
WHAT ARE THE OBJECTIVES?
The programme aims to foster the entrepreneurial spirit and cross-border trade in Europe by facilitating exchanges
of knowledge, experience and networking between entrepreneurs intending to start a business or having just started one, and experienced entrepreneurs from the 28 EU Members States countries including 9 Non EU countries, namely
Liechtenstein, Norway, the Former Yugoslav Republic of Macedonia, Iceland, Montenegro, Turkey, Albania, Serbia and Israel by working alongside him or her.
This exchange will optimize the new entrepreneur’s chances of succeeding and benefiting fully from the internal market. The programme offers;
– On-the-job-training on critical business factors – start-up and SME management knowledge, effective planning, financial and operational management – with a senior entrepreneur in a small business (SMEs) in Europe or in other participating countries;
– Exchanges of experience and information between entrepreneurs on overcoming obstacles and challenges to starting up, developing and growing their businesses;
– To enhance market access and identification of potential partners for new and established businesses in other EU countries;
– Networking by building on knowledge and experience from other European countries.
WHO CAN PARTICIPATE AND HOW?
Under the programme, new entrepreneurs are early stage entrepreneurs. This includes both aspiring entrepreneurs, who are firmly planning to start their own business based on a viable business plan, and established entrepreneurs who have recently started their own business within the last three years. Whether planned or already existing, the business can be in any sector and in any of the 28 EU Members States and other participating countries.
New entrepreneurs should be interested in contributing to the development of the host entrepreneur’s business and making available their own business skills, as well as gaining useful know-how for their own business.
New entrepreneurs must demonstrate a sound educational and vocational background and a viable business idea.
They should also demonstrate vision, commitment, initiative and creativity.
The candidate should also be able and willing to raise additional funds to cover the costs of the stay that exceeds
the EU’s grant.
Host entrepreneurs are successful and experienced entrepreneurs (owners of an SME) or people directly involved in entrepreneurship at SME management board level, applying the EU definition of micro, small or medium-sized enterprise (up to 250 employees).
Host entrepreneurs should be willing to share their entrepreneurial experience and should be committed to work
alongside with the new entrepreneur towards developing his/her entrepreneurial skills and know- how. HE’s business can be in any sector and in any of the participating countries.