Erasmus for Young Entrepreneurs


Programme Category

EU Competitive Programmes

Programme Name

Single Market Programme (SMP) (2021-2027)

Programme Description

The Single Market Programme (SMP) covers the single market, competitiveness of enterprises, including small and medium-sized enterprises, the area of plants, animals, food and feed, and European statistics. Specifically, the programme brings together aspects in order to streamline, exploit synergies and provide a better flexible, transparent, simplified and agile framework to finance activities aiming at a well-functioning sustainable internal market.

Programme Details

Identifier Code



Erasmus for Young Entrepreneurs


The general objective of the Erasmus for Young Entrepreneurs programme is 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.


Detailed Call Description

The purpose of this call for proposals is to select Intermediary Organisations (IOs) to implement the Erasmus for Young Entrepreneurs programme at local level. They will, in particular, recruit the entrepreneurs and assist them to benefit from the programme. This call for proposals will therefore support actions of organisations enhancing and facilitating the exchanges of new with host entrepreneurs. 

 Proposals must aim at achieving all of the following specific objectives:

  • Provide on-the-job-training for new entrepreneurs with established host entrepreneurs in small and medium-sized enterprises abroad in the SMP Participating Countries6 in order to facilitate a successful start-up, and development of their business ideas;
  • Foster sharing of experience and information between entrepreneurs on the obstacles and challenges of starting up and developing their businesses;
  •  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;
  •  Support networking between entrepreneurs from different SMP Participating Countries by building on knowledge and experience;
  • Foster matching of entrepreneurs from “underrepresented” countries and to
  • Contribute to the EU’s strategies in relation to the triple transition (sustainable transition, digital transition and stronger resilience), such as suggested by the EU’s new Industrial Strategy for a globally competitive, green and digital Europe.

Under this call, proposals with different scope of targets can be submitted:

  • Large Project: 800 relationships (average 200 per year)
  • Small Project: 400 relationships (average 100 per year)

Call Total Budget


Financing percentage by EU or other bodies / Level of Subsidy or Loan

Large projects requesting a grant between € 2,000,000 and € 4,000,000 will be considered complying with the call requirements. Small projects requesting a grant up to € 2,000,000 will be considered complying with the call requirements. At least 50% of the estimated total budget must be reserved for financial support to third parties, i.e. new entrepreneurs, for both types of projects.

 The call is expected to fund around 10-15 projects: around 7 to 8 large and 5 to 6 small projects.

 The costs will be reimbursed at the funding rate fixed in the Grant Agreement (100% for the costs for providing financial support to third parties, i.e. new entrepreneurs, and 75% for all other costs categories).

Thematic Categories

  • Small-Medium Enterprises and Competitiveness

Eligibility for Participation

  • Private Bodies
  • Small and Medium Enterprises (SMEs)
  • State-owned Enterprises

Eligibility For Participation Notes

In order to be eligible, the applicants (beneficiaries and affiliated entities) must be legal entities (public or private bodies), established in an EU Member State (including overseas countries and territories) or listed EEA countries and countries associated to the Competitiveness and SMEs part of the Single Market Programme (associated countries) or countries which are in ongoing negotiations for an association agreement and where the agreement enters into force before grant signature.

 Consortium composition

Proposals must be submitted by a consortium composed of applicants (beneficiaries; not affiliated entities), which complies with the following conditions:

  • minimum 6 entities from 4 different eligible countries
  • not include more than 10 applicants in total
  •  maximum 2 applicants can be 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

Call Opening Date


Call Closing Date


National Contact Point(s)

Ministry of Energy, Trade and Industry
Industry and Technology Service
1421, Nicosia, Cyprus

Contact Person:
Spyros Triantaphyllidis
Telephone: 22867333

(Publish Date: 21/03/2022-for internal use only)

EU Contact Point

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