Erasmus for Young Entrepreneurs is a cross-border exchange program funded by the European Union. It provides aspiring or newly established entrepreneurs with the opportunity to learn from experienced entrepreneurs running small businesses in other participating countries and other several important benefits such as:

• Gaining hands-on experience from an established entrepreneur in a different country.
• Building a network of international contacts that can be crucial for future business collaborations and expansion.
• Improving business planning, marketing, financial management, and other essential entrepreneurial skills.
• Gaining insights into a different market and potentially identify opportunities for business expansion.

Important outcomes exist also for established entrepreneurs:

• Nurturing fresh perspectives and new ideas from aspiring entrepreneurs, which can lead to innovative solutions and approaches.
• Learning about new markets and establish potential collaborations that could lead to business growth.
• Contributing to the entrepreneurial ecosystem by mentoring and guiding new entrepreneurs.

Since its inception, Erasmus for Young Entrepreneurs has facilitated thousands of exchanges, contributing to the growth and internationalization of businesses across Europe. The program enhances the entrepreneurial spirit, supports economic growth, and fosters a vibrant business community.

More about mutual benefits and positive impacts can be extrapolated from past success stories available from the official website of the program

Erasmus for Young Entrepreneurs contributes to overcome one of the major gap and challenge currently encountered in the Entrepreneurship Education ecosystem, meaning the structural and systemic lack of long-term oriented coaching and mentoring measures that can help fresh/aspiring young entrepreneurs to punt into action their newly acquired knowedlge and skills, and transit from the world of education to the world of practice