Erasmus for Young Entrepreneurs (European Business Exchange Program) 2026: Get Financial Assistance for Living & Travel Costs

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Are you considering starting a business, have you recently started one, or are you looking to expand your existing successful business? Erasmus for Young Entrepreneurs may be the right opportunity for you!  

Application Deadline:

Not specified (applications currently open).

Tell Me About the Opportunity:

The Erasmus for Young Entrepreneurs Programme, funded by the European Union, is a cross‑border exchange programme that gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running SMEs in other participating countries. The exchange helps new entrepreneurs acquire essential business skills, while hosts benefit from fresh perspectives and opportunities to explore new markets.

Which Sectors are Eligible?

Open to entrepreneurs across all sectors, including:

  • Small business management
  • Entrepreneurship training
  • Business development
  • International market expansion

Type:

Cross‑border exchange programme — mentorship + training + business development.

Who can Apply?

  • New entrepreneurs:
    • Firmly planning to set up their own business, or
    • Have already started one within the last three years.
  • Experienced entrepreneurs:
    • Owners or managers of SMEs in one of the participating countries.
  • Applicants must be resident in an EU member state or SMP country.
  • Open to individuals irrespective of age or origin.

How are Applicants Selected?

Selection is based on:

  • Entrepreneurial motivation and business plan.
  • Stage of business development (new or experienced).
  • Alignment with programme objectives (skills transfer, market expansion, collaboration).

Which Countries Are Eligible?

43 participating countries, including all EU member states and SMP countries.

Where will the Opportunity be Taken?

Cross‑border exchanges between entrepreneurs in participating countries.

How Many Opportunities?

Multiple exchanges supported annually across Europe.

What is the Benefit of the Opportunity?

  • Financial assistance for living and travel costs.
  • Up to 6 months practical training with an experienced mentor.
  • Improved foreign‑language and communication skills.
  • Access to industry leaders, entrepreneurs, and business owners.
  • Development of technical, managerial, and decision‑making skills.
  • Opportunities for international cooperation and market expansion.

How Long Will the Support Last?

Up to 6 months of exchange and training.

How to Apply:

Visit the Application Webpage for Details

Author

  • Okechukwu Liberty is a Mass Communication graduate and a dedicated research writer for AfterSchoolAfrica. He holds certifications in UK Agent and Counselling, and Ethical Business Practices in International Student Recruitment, equipping him with the expertise to guide students in their academic pursuits abroad.

    He specializes in researching and curating empowerment opportunities for African entrepreneurs and professionals.

    Content Research Writer