Erasmus for Young Entrepreneurs FPA

Call summary

Scene Setter

Erasmus for Young Entrepreneurs is a mobility scheme that allows potential or newly

established entrepreneurs to spend a period of time collaborating with an experienced

entrepreneur in another participating country. These mobility actions aim to help the

entrepreneurs enrich their experiences as well as learn and network with entrepreneurs in

other participating countries. This measure will expand and strengthen the existing network of

Intermediary Organisations (IO) which act as local contact points in participating countries.

The IOs are in charge of recruiting and matching the entrepreneurs and facilitating the

mobility actions. They also promote the programme and its benefits at local and national

level.

Activities to support the network are carried out, including regular meetings with the IOs to

foster networking. A Support Office assists the Commission in the promotion, the

coordination of the IOs' network and the day-to-day support. This measure is a follow-up of

the preparatory action carried out in 2009-2011, under the EIP objective Entrepreneurship and

Innovation Culture in 2012 and 2013 and under COSME in 2014 and 2015.

The interim evaluation of the preparatory action confirmed the added value of this action and

the lack of similar schemes at national level. It also confirms the efficiency of the operational

set up to fulfil the pursued objectives and the quality of the exchanges carried out. The cross72

border nature of the action makes it unique as a way of promoting entrepreneurship and is

directly relevant to a key EU policy objective of internationalisation and helping new and

growing businesses to take advantage of the EU’s Internal Market. Promotion of the benefits

and achievements of the Erasmus for Young Entrepreneurs and technical support to users will

be provided.

The initiative will be implemented via Call for Proposals.

Entities can be public or private entities whose core activity is in the field of business support.

The rate of Union co-financing shall be up to 90 % of eligible costs incurred by the IOs. The

European Union contribution shall not exceed 75 % of the programme management costs but

may be up to 100 % of the sum allocated by beneficiaries (IOs) to third parties (sub-grantee.

i.e. new entrepreneurs) participating in a mobility action.

Financial assistance to new entrepreneurs participating in a mobility action shall take the form

of a scale of unit cost of maximum EUR 6 600 per entrepreneur.

Service contract awarded to the “Support Office” which ensures coordination and coherence

of the activities and particularly supports the Intermediate Organisations in their work.