Do you want funding for an entrepreneur exchange?
Euclid Network (EN) has received funding from the European Commission to run 70 exchange for social entrepreneurs, as part of the Erasmus for Young Entrepreneurs (EfYE) scheme.
Exchanges must be between EU member states and will generally last one month, though can be longer. You can either choose to be a host (called a Host Entrepreneur, or HE) or a guest (a New Entrepreneur, or NE).
What support is available NEs?
Members can receive €1,100 towards their costs for a one-month exchange, as well as induction information and preparatory briefings.
What are the benefits for HEs?
Hosts benefit doesn’t receive funding, but would benefit from having access to highly skilled and motivated entrepreneurs to work in their organisations, as well as learning about a new market and a different way of working.
What are the eligibility requirements?
To be an HE you must have at least three year’s experience of running a social enterprise (however you choose to define that). To be an NE you must have less than three year’s experience of running a social enterprise and a strong idea for a social enterprise expressed as a business plan (which can be as brief as three pages).
How can I apply?
To participate, HEs and NEs have to register on the EfYE website – where further guidance is available.
To apply you must select an ‘Intermediary Organisation’ (IO) to manage your application, and this should be Euclid Network. Once you’ve applied your application will be assessed, and if approved you can start to search for a host, or ask us to help you with the process.
The entire process, from application to exchange starting, can take up to four months.
The scheme is currently in its third cycle, which started on the 1st of February and will last 21 months until the end of October 2012. There are 70 bursaries avaialble for this cycle.
If you have any questions please contact Luisa De Amicis at email@example.com
Success stories of past Erasmus exchanges (external site)
Erasmus press release, October 2009 (external site)