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Last checked : 23/04/2018

Exchanges for new entrepreneurs

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New entrepreneurs – how to qualify for the scheme

Exchanges for new entrepreneurs

If you've just started a business or intend to soon, you could qualify for the Erasmus for young entrepreneurs exchange scheme.

The scheme - which is partly funded by the EU - allows you to spend some time in another EU country working for, and learning from an experienced entrepreneur. Please note that this is an exchange scheme, not paid employment.

To qualify for the scheme, you must be able to demonstrate your motivation and firm intention to start a business. You will have to present a solid business idea, including a realistic business plan. You must also be able to complement the programme funds as needed to cover the costs of your stay abroad.

You can still apply even if you already started in business, as long as you have been running the business for less than 3 years at the time of application.

You must be over 18 years old and have been a resident in an EU country or a country that is part of the COSME agreement for the last 180 days.

Duration of the scheme

The duration of the scheme is between 1 and 6 months. It is recommended to complete the exchange without interruption, but it is possible to split your stay into several parts, as long as you finish within 12 months of starting the programme.

Who to contact

In most countries there are local contact points (Intermediary Organisation - IO). They will guide you through the application and exchange process and pay out your financial support. In case there is no IO in your country you can get in touch with an IO in another country.

EU financial support

You can apply for financial support to help towards your daily living costs and travel expenses while participating in the programme. The amount you will receive varies from country to country.

Financial assistance per country

Country where the new entrepreneur stays Amount given per month while staying in the country (in euros)
Denmark 1100
Ireland, United Kingdom 1000
Finland, Sweden 950
Austria, France, Iceland, Italy 900
Belgium, Germany, Luxembourg, Nertherlands, Spain 830
Cyprus, Greece, Portugal 780
Turkey 750
Croatia, Malta, Slovenia 720
Estonia, Hungary 670
Armenia, Czech Republic, Latvia, Poland, Slovakia 610
Bulgaria, FYROM, Lithuania, Montenegro, Romania, Serbia 560
Albania, Moldova 530
Outermost Regions of the EU, OCTs and entrepreneurs with special needs 1100

How to apply

Documents required to apply:

For more information you can consult the Registration guide for new entrepreneurs[896 KB]

Becoming a host to a new entrepreneur

If you are a successful and experienced entrepreneur or owner of a small business, you could qualify to host a new entrepreneur. You can benefit from being part of this scheme in many ways, for example:

How to apply as a host

What you need to participate as a host in the programme

You can read more about what your role will entail in the guide for host entrepreneurs[995 KB]

Upcoming EU regulations

Need support from assistance services?

Get in touch with specialised assistance services

Local business support - Do you have questions on operating a business cross-border, for example exporting or expanding to another EU country? If so, the Enterprise Europe Network can give you free advice.

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