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Five Good Reasons To Boost Your Business with Erasmus For Young Entrepreneurs

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SMEs represent 99% of businesses in Europe and contribute to 60% of European private sector employment, creating 85% of new jobs. Enabling them to benefit even more from the Single Market is a priority for the European Commission. And in this light, it has been already 10 years since the European Union-funded program Erasmus For Young Entrepreneurs was launched as an initiative of the European Parliament. As a critical action of the Entrepreneurship 2020 Action Plan, the program aims to reignite entrepreneurial spirit in Europe, support new businesses in crucial phases of their lifecycle and help them to grow.

In essence, Erasmus for Young Entrepreneurs is a cross-border programme facilitating the exchange of entrepreneurial and management experience. The exchange is implemented by a stay of a newly established or potential entrepreneur with a well-experienced entrepreneur running a small or medium-sized enterprise in another country.

The two main actors are 1. The New Entrepreneurs (NE), understood both as nascent entrepreneurs, who are firmly planning to start their own business and entrepreneurs who have recently launched their own business with less than three years of operability and 2. The Host Entrepreneurs (HE) or successful and experienced entrepreneurs directly involved in entrepreneurship at SME level with more than 3 years of entrepreneurial experience.

The exchange is facilitated by national Intermediary Organisations (IOs) that have been officially appointed to establish contacts between NEs and HEs and to ensure successful relationships between them. They exist to provide with the perfect match and help both parts with everything related to promotion, information, induction, validation or improvement of applications, arranging contacts, issuing contracts, logistical support, or simple advice and guidance through the process.

Seems like a good deal,  right? But if you still need a thought, get convinced by these five additional excellent reasons to boost your business with Erasmus for Young Entrepreneurs.

1. It brings fresh air to your business

3. It doesn’t entail any extra cost

4. It is flexible

5. It is easy

Numbers speak for themselves! With more than 21,000 applications and 7000 established relationships set up, 61% of new entrepreneurs and 54% of host entrepreneurs have reported an increased turnover after participating in the programme. No magic wands, just hard work, and brilliant ideas! Ready?

Read the full original article on Forbes

ECOSTAR – The custom built accelerator and entrepreneurship hub for nature based business

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What kind of support is out there for green and eco-entrepreneurs? How can you sell an idea that is innovative, eventually profitable but also green and sustainable? Entrepreneurs in this field may find it difficult to convince investors or find the right support systems for their offered products and services. This is where the newly launched ECOSTAR accelerator is there to help!

ECOSTAR is the research-enterprise impact hub and accelerator that promotes entrepreneurship and innovation for nature-based businesses. The initiative is promoted by a university-enterprise partnership between European and US-based institutions, and it is co-funded by the Erasmus+ Programme of the European Union, and other private investors. It’s an Impact Hub that promotes the start-up and acceleration of new business initiatives with a positive impact on environment and society. It’s a Research-Business alliance that links universities and companies, providing networking and market-oriented training. It focuses on business models that make profit by marketing, promoting and enhancing biodiversity, and ecosystem services. The initiative provides business opportunities and real benefits for the environment through the following main actions:

JOIN: Create a wide research-enterprise network at EU level, linking together entrepreneurs, scientific and business mentors, and investors, wanting to create value for nature through new business ideas.

LEARN: Deliver a series of specialised entrepreneurship and innovation trainings targeted to MEEB through multidisciplinary approaches to teaching and learning.

GROW: The ECOSTAR Nature-Accelerator selects and invests in early-stage impactful startups that are developing innovative and sustainable solutions for disrupting the agriculture, forestry and natural resource sectors.

E-learning technology, business model case studies, EU support networks, and free ad hoc MEEB business plan advice, are some of the methods that are delivered through a strong and committed partnership of businesses and universities at country and European level.

To find out more about this exciting initiative and to read some of the success stories from participating eco-ventures, visit their website: www.ecostarhub.com

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