10 years of Erasmus for Young Entrepreneurs: Stronger than Ever a Decade Later
Since its launch in 2009, the Erasmus for Young Entrepreneurs (EYE) programme has helped facilitate more than 7,000 collaborations between new and experienced entrepreneurs across the EU, enabling over 14,000 entrepreneurs to benefit from this EU-funded programme.
In 10 years, the programme has helped entrepreneurs to stimulate innovative business practices, develop new products and services, and expand into new markets .
The head of European Social Entrepreneurship and Innovative Studies Institute, Simona Simulyte, had the honor to represent our country and organisation in the anniversary event as one of the lead intermediary organizations. Boosting entrepreneurship in the European Union and encouraging this entrepreneurial initiative is one of the key principles that the institute has been carrying on for many years and is not planning to stop.
As practice shows, the involvement of different business sectors and cultural cooperation are benefiting both — experienced and new entrepreneurs.
Director for the COSME Programme at the European Commission in the Directorate General for Internal Market, Industry, Entrepreneurship and SMEs Kristin Schreiber, said: “Erasmus for Young Entrepreneurs is highly appreciated by entrepreneurs because it helps them boost their business in a tangible way. It helps to create new companies and jobs, and supports entrepreneurs on their path to growth. For example, between 2014–2016, over 250 new companies and more than 2,000 jobs were created thanks to the EYE experience. I want to see this programme grow in importance, with more and more successful entrepreneurs, more start-ups and more SMEs growing and scale-up within”.
The EYE programme facilitates the exchange of entrepreneurial and management experience across the EU. It matches a newly established or potential entrepreneur with a well-experienced entrepreneur running a small business in another country. The exchange is partially funded by the European Union under the COSME programme, Europe’s programme for small and medium-sized enterprises.
To mark the impact of the programme, Nelly Davtyan and Ioannis Polychronakis were selected as the EYE Entrepreneurs of the Decade during the award ceremony that took place in Brussels on 18 March. The event brought together the network of nearly 200 local contact points that implement the programme across Europe, as well as Members of the European Parliament, and representatives from the European Commission, the Executive Agency for Small and Medium-sized Enterprises (EASME).
About the winners
Nelly Davtyan (Armenia) was awarded as EYE New Entrepreneur of the Decade. In 2016 Nelly put together a team of experienced IT developers and founded ‘IT Solutions’, a company for mobile and web-based applications. After her exchange in Malta in 2018, Nelly has managed to turn her start-up into a sustainable growing IT business with the help of the EYE programme and her host entrepreneur. She aspires to encourage more young women from small countries to run their own business.
In the EYE Host Entrepreneur of the Decade category, the prize went to Ioannis Polychronakis (Greece). Ioannis runs a family business in the design and construction sector, offering customised design/building and consulting services on the island of Crete. The company focuses on the natural preservation, implementing environmentally friendly house solutions (energy passive houses, green energy solutions, recycling solutions). Since joining EYE in 2015, Ioannis has hosted 5 new entrepreneurs from various countries.
And if you are now wondering how to catch a chance to participate in “Erasmus for Young Entrepreneurs” — learn more here!
Or maybe you are already a successful entrepreneur who is willing to share your entrepreneurship wisdom? Become a host and collaborate with entrepreneurs all around Europe!
Have any questions? Contact European Social Entrepreneurship and Innovative Studies Institute.
