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Erasmus for Young Entrepreneurs
How to make the EU more entrepreneurial
DG for Internal Market, Industry, Entrepreneurship and SMEs - European Commission
° EU-funded exchange programme for entrepreneurs from the EU members states
and 12 additional countries
° Opportunity to exchange knowledge, business ideas, contacts and
experiences
° 1-6 months exchange for entrepreneurs
What is EYE
How does it work?
Five steps exchange program
Online
application
Matching
Contracting
& Preparing
Stay abroad
Feedback
& Payment
(NE) New
Entrepreneur
(HE) Host
Entrepreneur
(IO) Intermediary
Organisation
(IO) Intermediary
Organisation
1. Application from New Entrepreneur
(needs: business plan, CV, motivation)
OR
2. Host Entrepreneur states interest to
participate
(needs: CV and motivation)
3. Applications checked by Intermediary
Organisation
Admission to on-line catalogue on
www.erasmus-entrepreneurs.eu
Online
application Matching Contracting
& Preparing
Stay abroad
Feedback
& Payment
New Entrepreneur
Host Entrepreneur
Intermediary
Organisation
1. Entrepreneurs search for partners
in the on-line-catalogue,
themselves
2. IOs contact other IOs
in other countries to "recruit" a
suitable Entrepreneur
3. Automatic matching
based on profiles
Proposals are established
Online
application Matching
Contracting
& Preparing Stay abroad
Feedback
& Payment
Online
application
Contracting
& Preparing Stay abroad
Feedback
& Payment
Matching
1. Negotiations on duration,
objectives and content
NOT traineeship!
2. Agreement on the content of the
exchange
3. New entrepreneur does pre-
departure induction
4. New entrepreneur receives a
grant
Online
application Stay abroad
Feedback
& Payment
Matching
Contracting
& Preparing
1. Duration: 1-6 months
2. On-the-job,
Peer-to-peer training,
working on concrete projects
3. On-site support
provided to the New Entrepreneur
by the Host Intermediary Organisation
4. Reporting about the exchange
Online
application
Feedback
& Payment
Matching Contracting
& Preparing
Stay abroad
1. Electronic feedback questionnaires for
Hosting Entrepreneur and
New Entrepreneur
2. Final payment to New Entrepreneur
upon successful completion
3. Reinsertion of Hosting Entrepreneur
into the catalogue (if interested to
continue)
Country where the New Entrepreneur stays Lump Sum per month in €
Denmark, Lichtenstein, Norway 1100
Ireland, USA*, Singapore* 1000
Finland, Sweden 950
Austria, France, Italy, Iceland, Canada*, South Korea*, Israel* 900
Belgium, Germany, Luxembourg, Netherlands, Spain 830
Cyprus, Greece, Portugal 780
Turkey 750
Croatia, Malta, Slovenia 720
Israel* 900
Estonia, Hungary 670
Czech Republic, Latvia, Poland, Slovakia, Armenia 610
BiH, Bulgaria, North Macedonia, Lithuania, Montenegro, Romania, Serbia, Kosovo 560
Albania, Moldova, Ukraine 530
Outermost Regions of EU, OCTs and Entrepreneurs with special needs 1100
Countries of destination and allowances
* Destinations financed under EYE Global Preparatory Action. Extra travel allowance is paid on the top.
• Get experience & advice
from seasoned
entrepreneur
• Develop international
contacts
• Get knowledge about
foreign markets
• Providers, clients, co-
venturing opportunities
• 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
(HE) Host
Entrepreneur
(NE) New
Entrepreneur
Benefits for Host & New Entrepreneurs
EYE – general framework
EUROPEAN COMMISSION – Definition of strategic and financial framework
EISMEA - Contracting Authority and grant management
SUPPORT OFFICE – day-to-day operational management
How to become an Intermediary Organization
(information from last call for proposals, the requirements might change in the next call)
• Call for proposals – EISMEA
• Requirements: Consortia of
• independent legal entities
• from different participating countries
• EU co-financing
• No more than 75% - management costs
• Up to 100% - support to entrepreneurs
• Expected results: XX successful matches
(IO) Intermediary
Organisation
Key figures and impact
EYE Growth path
based on completed relationships by year(for 2022 matches in execution included)
Year Exchanges
2009 54
2010 310
2011 626
2012 1157
2013 2022
2014 3000
2015 3535
2016 4609
2017 5823
2018 6763
2019 8300
2020 9096
2021 10054
2022 10388
0
2000
4000
6000
8000
10000
12000
09 10 11 12 13 14 15 16 17 18 19 20 21 22
completed relationships
completed relationships
Impact on New Entrepreneurs (NE)
Survey results:
 58% NEs: "EYE contributed with much or very much to the good start of company"
 EYE can be a launch pad to creating new businesses: 36.5% of 'Would-be'
entrepreneurs stated they have created their own business after the exchange
 Ca. 50% of NEs benefitted substantially in finding a supplier or buyer or joint
venture partner in the short term
 15% of NEs considered entrepreneurship as a solution to unemployment
(NE) New
Entrepreneur
Impact on Host Entrepreneurs (HE)
Survey results:
 60% of HEs stated they gained 'New ideas/techniques' for their businesses
 53% of HEs have developed new products or services since the exchange took place
 65% of HEs extended their operations to other markets; with 24% of them operating
in the NEs country since the exchange
(HE) Host
Entrepreneur
EYE achievements
 Addressing Europe's challenges:
o youth unemployment
o delivers tangible entrepreneurial education & showcases role models
o offers practical support to SMEs
o strengthens Single Market connections
 Excellent Feedback from both New & Host Entrepreneurs:
o reinforced entrepreneurial attitudes, more new businesses
o new practical skills, knowledge, ideas
o networking, new markets, internationalisation
o more resilient companies, further business development , innovation
 Successful proof of concept
 Over 10 000 exchanges
(i.e. over 20 000 entrepreneurs involved)
EYE main challenges and next steps
 Covid-19 travel restrictions
 Growth of the programme in the recovery phase after the crisis
 Increase of participation of entrepreneurs/IOs from new or underrepresented countries
 Synergies with other EU SME support programmes, namely EEN, Clusters, etc.
 EYE GLOBAL Preparatory action– geographical extension to new destinations outside
Europe – available from mid April 2018
EYE Global
 The three-year pilot project followed by a three-year preparatory action concerns
a one-way entrepreneurial exchange of 1-3 months for EU citizens - New
Entrepreneurs (NEs)
 As of March 2021 - 6 destinations avaliable: Canada, Israel, US, Singapore, South
Korea and Taiwan
 Financial support provided to NEs
Lump sums
 Travel cost
600,- EUR for Israel
800,- EUR for all other destinantions
 Monthly allowance
1000,- EUR per month – Singapore, USA
900,- EUR per month - South Korea, Israel, Canada
700,- EUR per month - Taiwan
For more information
Websites:
www.erasmus-entrepreneurs.eu
www.eyeglobal.eu
Social media:
Thank you!

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Objectives, Programme Background and How The Programme Works

  • 1. Erasmus for Young Entrepreneurs How to make the EU more entrepreneurial DG for Internal Market, Industry, Entrepreneurship and SMEs - European Commission
  • 2. ° EU-funded exchange programme for entrepreneurs from the EU members states and 12 additional countries ° Opportunity to exchange knowledge, business ideas, contacts and experiences ° 1-6 months exchange for entrepreneurs What is EYE
  • 3. How does it work?
  • 4. Five steps exchange program Online application Matching Contracting & Preparing Stay abroad Feedback & Payment (NE) New Entrepreneur (HE) Host Entrepreneur (IO) Intermediary Organisation (IO) Intermediary Organisation
  • 5. 1. Application from New Entrepreneur (needs: business plan, CV, motivation) OR 2. Host Entrepreneur states interest to participate (needs: CV and motivation) 3. Applications checked by Intermediary Organisation Admission to on-line catalogue on www.erasmus-entrepreneurs.eu Online application Matching Contracting & Preparing Stay abroad Feedback & Payment New Entrepreneur Host Entrepreneur Intermediary Organisation
  • 6. 1. Entrepreneurs search for partners in the on-line-catalogue, themselves 2. IOs contact other IOs in other countries to "recruit" a suitable Entrepreneur 3. Automatic matching based on profiles Proposals are established Online application Matching Contracting & Preparing Stay abroad Feedback & Payment
  • 7. Online application Contracting & Preparing Stay abroad Feedback & Payment Matching 1. Negotiations on duration, objectives and content NOT traineeship! 2. Agreement on the content of the exchange 3. New entrepreneur does pre- departure induction 4. New entrepreneur receives a grant
  • 8. Online application Stay abroad Feedback & Payment Matching Contracting & Preparing 1. Duration: 1-6 months 2. On-the-job, Peer-to-peer training, working on concrete projects 3. On-site support provided to the New Entrepreneur by the Host Intermediary Organisation 4. Reporting about the exchange
  • 9. Online application Feedback & Payment Matching Contracting & Preparing Stay abroad 1. Electronic feedback questionnaires for Hosting Entrepreneur and New Entrepreneur 2. Final payment to New Entrepreneur upon successful completion 3. Reinsertion of Hosting Entrepreneur into the catalogue (if interested to continue)
  • 10. Country where the New Entrepreneur stays Lump Sum per month in € Denmark, Lichtenstein, Norway 1100 Ireland, USA*, Singapore* 1000 Finland, Sweden 950 Austria, France, Italy, Iceland, Canada*, South Korea*, Israel* 900 Belgium, Germany, Luxembourg, Netherlands, Spain 830 Cyprus, Greece, Portugal 780 Turkey 750 Croatia, Malta, Slovenia 720 Israel* 900 Estonia, Hungary 670 Czech Republic, Latvia, Poland, Slovakia, Armenia 610 BiH, Bulgaria, North Macedonia, Lithuania, Montenegro, Romania, Serbia, Kosovo 560 Albania, Moldova, Ukraine 530 Outermost Regions of EU, OCTs and Entrepreneurs with special needs 1100 Countries of destination and allowances * Destinations financed under EYE Global Preparatory Action. Extra travel allowance is paid on the top.
  • 11. • Get experience & advice from seasoned entrepreneur • Develop international contacts • Get knowledge about foreign markets • Providers, clients, co- venturing opportunities • 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 (HE) Host Entrepreneur (NE) New Entrepreneur Benefits for Host & New Entrepreneurs
  • 12. EYE – general framework EUROPEAN COMMISSION – Definition of strategic and financial framework EISMEA - Contracting Authority and grant management SUPPORT OFFICE – day-to-day operational management
  • 13. How to become an Intermediary Organization (information from last call for proposals, the requirements might change in the next call) • Call for proposals – EISMEA • Requirements: Consortia of • independent legal entities • from different participating countries • EU co-financing • No more than 75% - management costs • Up to 100% - support to entrepreneurs • Expected results: XX successful matches (IO) Intermediary Organisation
  • 14. Key figures and impact
  • 15. EYE Growth path based on completed relationships by year(for 2022 matches in execution included) Year Exchanges 2009 54 2010 310 2011 626 2012 1157 2013 2022 2014 3000 2015 3535 2016 4609 2017 5823 2018 6763 2019 8300 2020 9096 2021 10054 2022 10388 0 2000 4000 6000 8000 10000 12000 09 10 11 12 13 14 15 16 17 18 19 20 21 22 completed relationships completed relationships
  • 16. Impact on New Entrepreneurs (NE) Survey results:  58% NEs: "EYE contributed with much or very much to the good start of company"  EYE can be a launch pad to creating new businesses: 36.5% of 'Would-be' entrepreneurs stated they have created their own business after the exchange  Ca. 50% of NEs benefitted substantially in finding a supplier or buyer or joint venture partner in the short term  15% of NEs considered entrepreneurship as a solution to unemployment (NE) New Entrepreneur
  • 17. Impact on Host Entrepreneurs (HE) Survey results:  60% of HEs stated they gained 'New ideas/techniques' for their businesses  53% of HEs have developed new products or services since the exchange took place  65% of HEs extended their operations to other markets; with 24% of them operating in the NEs country since the exchange (HE) Host Entrepreneur
  • 18. EYE achievements  Addressing Europe's challenges: o youth unemployment o delivers tangible entrepreneurial education & showcases role models o offers practical support to SMEs o strengthens Single Market connections  Excellent Feedback from both New & Host Entrepreneurs: o reinforced entrepreneurial attitudes, more new businesses o new practical skills, knowledge, ideas o networking, new markets, internationalisation o more resilient companies, further business development , innovation  Successful proof of concept  Over 10 000 exchanges (i.e. over 20 000 entrepreneurs involved)
  • 19. EYE main challenges and next steps  Covid-19 travel restrictions  Growth of the programme in the recovery phase after the crisis  Increase of participation of entrepreneurs/IOs from new or underrepresented countries  Synergies with other EU SME support programmes, namely EEN, Clusters, etc.  EYE GLOBAL Preparatory action– geographical extension to new destinations outside Europe – available from mid April 2018
  • 20. EYE Global  The three-year pilot project followed by a three-year preparatory action concerns a one-way entrepreneurial exchange of 1-3 months for EU citizens - New Entrepreneurs (NEs)  As of March 2021 - 6 destinations avaliable: Canada, Israel, US, Singapore, South Korea and Taiwan  Financial support provided to NEs Lump sums  Travel cost 600,- EUR for Israel 800,- EUR for all other destinantions  Monthly allowance 1000,- EUR per month – Singapore, USA 900,- EUR per month - South Korea, Israel, Canada 700,- EUR per month - Taiwan