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SMP – Erasmus for Young Entrepreneurs – 2022

SMP - Erasmus for Young Entrepreneurs, aiming at giving new or aspiring entrepreneurs a chance to learn businesses in other participating countries.

2022-06-08
40 million euro
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Call synthesis

Institution European Commission
Sectors All sectors
Beneficiaries All beneficiaries
Regions Developing countries, European Economic Area, European Union
Details
Associated countries and countries which are in ongoing negotiations for an association agreement and where the agreement enters into force before grant signature are equally eligible to the grant

 

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Priorities and funded actions

Objective

To enhance entrepreneurship, develop the international outlook and competitiveness of European SMEs and foster potential start-up entrepreneurs and newly-established micro and small enterprises in the Participating Countries

Priorities

  • Priority 1: to provide on-the-job-training for new entrepreneurs with established host entrepreneurs in small and medium-sized enterprises abroad in the SMP Participating Countries
  • Priority 2: to foster sharing of experience and information between entrepreneurs on the obstacles and challenges of starting up and developing their businesses
  • Priority 3: to enhance market access and identification of potential partners for new and established entrepreneurs in other EU and SMP Participating Countries; also new entrepreneurs with EU citizenship have the possibility to go on an exchange with host entrepreneurs in the EYE global destinations
  • Priority 4: to support networking between entrepreneurs from different SMP Participating Countries
  • Priority 5: to foster matching of entrepreneurs from “underrepresented” countries
  • Priority 6: to contribute to the EU’s strategies in relation to the triple transition (sustainable transition, digital transition and stronger resilience)

Among financed actions

  • Matching with host entrepreneurs
  • Promotion of the programme
  • Enrolment of entrepreneurs
  • Management of grant agreements with new entrepreneurs, commitments and financial assistance

Additional information

  • This call for proposals is an open call for proposals
  • Initial duration of the action: 48 months

Eligibility

  • Be legal entities
  • Be established in one of the eligible countries
  • Be a consortium composed of at least 6 entities from 4 different eligible countries, note include more than 10 applicants in total, have a maximum of 2 applicants from the same country in one consortium, at least half of the consortium must have at least 5 years of experience in implementing the EYE programme, including the consortium leader
Financement
  • Total budget of the topic “Erasmus for Young Entrepreneurs“: 40 million euro
  • Amount of the grant: between  2 and 4 million euro
  • Co-financing rate:
    • up to 100% for the costs for providing financial support to third parties (new
      entrepreneurs)
    • Up to 75% for all other costs categories

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