Are you planning to start a business and want to learn from an experienced entrepreneur in another country? The Erasmus for Young Entrepreneurs (EYE) programme 2027 offers aspiring founders an opportunity to gain practical business experience through an international exchange. Participants collaborate with established entrepreneurs while developing the skills needed to launch or grow their own ventures.

The programme accepts applications throughout the year and provides financial assistance towards travel and living expenses during the exchange. Unlike a traditional university scholarship, EYE focuses on entrepreneurship, business collaboration, and practical learning.

Eligible applicants generally need less than three years of total entrepreneurial experience, a clear business idea, and a workable business plan. However, meeting these conditions alone does not guarantee acceptance. Applicants must also satisfy the programme's residence requirements and complete the assessment and host-matching process.

This article explains the Erasmus for Young Entrepreneurs 2027 eligibility criteria, funding arrangements, application process, required documents, and registration deadlines.

What Is the Erasmus for Young Entrepreneurs Programme?

The Erasmus for Young Entrepreneurs programme is a European business exchange initiative that connects new entrepreneurs with experienced business owners in another participating country.

During the exchange, new entrepreneurs learn about business management, marketing, customer acquisition, pricing, operations, and other practical aspects of running a company. In return, they contribute their knowledge, ideas, and skills to the host entrepreneur's business.

The programme is suitable for people preparing to establish a business and entrepreneurs who have recently launched a venture.

Exchanges normally last one to six months. They are designed around collaboration and learning objectives rather than conventional employment or university study.

Erasmus for Young Entrepreneurs 2027 Eligibility Requirements

1. Entrepreneurial Experience

Applicants must be aspiring entrepreneurs or individuals with less than three years of total entrepreneurial experience.

You do not necessarily need to have registered a company before applying. People with a well-developed business idea can also qualify, provided they meet the other eligibility conditions.

There is no upper age limit under the programme's general rules, although participants must be at least 18 years old. New entrepreneurs can participate in the programme only once.

2. Country of Residence

Residence is one of the most important eligibility requirements. New entrepreneurs must reside in an EU member state or an eligible country participating in the Single Market Programme (SMP).

The eligible SMP-country list includes Albania, Bosnia and Herzegovina, Iceland, Kosovo, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, Serbia, Türkiye, and Ukraine.

The United Kingdom, Canada, the United States, and Singapore are listed as non-SMP host countries. Living in one of these countries does not qualify someone for the new-entrepreneur route under the published rules.

Residence is generally determined by the location where your company is registered or, in certain circumstances, where you are based. If you do not have a registered company, the programme uses where you spent at least 183 days during the previous 12 months.

Applicants currently living in a non-participating country should not assume that choosing a European host will make them eligible. Contact an official local contact point to confirm your circumstances before applying.

3. Business Idea and Motivation

Applicants must present a credible business idea and explain what they want to achieve through the exchange.Your motivation should identify specific skills you want to develop. For example, a prospective online retailer might want to learn supplier management, pricing strategies, and customer acquisition from an established business owner.

You should also explain what you can contribute to the host's business. This could include digital marketing, product photography, research, or knowledge of a particular market.

Erasmus for Young Entrepreneurs 2027 Funding and Monthly Allowance

The programme provides financial assistance to help new entrepreneurs cover some of their expenses while working with a host entrepreneur abroad.

How Much Financial Support Can You Receive?

The monthly financial assistance depends on the destination country. The rate schedule linked by the programme lists examples such as:

• Germany: €900 per month.
• Spain: €900 per month.
• France: €950 per month.
• Italy: €1,000 per month.
• Denmark: €1,200 per month.

These figures are destination-based examples, not a guaranteed award for every applicant. Rates and payment arrangements should be confirmed with your local contact point before making financial commitments.

What Does the Funding Cover?

The financial contribution helps with living and travel-related expenses associated with the approved exchange. However, it may not cover all your costs.

Before accepting an exchange, estimate your accommodation, transport, food, insurance, and other essential expenses. Compare this budget with the applicable monthly allowance.

Your financial agreement should specify the approved funding and payment arrangements. Ask your contact point when payments will be made and whether you need personal savings to cover expenses before receiving the grant.

Application and participation are free, according to the supplied programme information. Be cautious of anyone claiming that a payment is required to guarantee acceptance.

Documents Required for the EYE Application

Preparing your documents before opening the online application can make the process easier.

1. Curriculum Vitae

Your CV should outline your education, professional experience, entrepreneurial activities, and relevant skills. The Europass CV format is recommended but optional.

Highlight experiences that demonstrate initiative, problem-solving, business knowledge, or the ability to collaborate with others.

2. Business Plan

A complete business plan is mandatory. It does not need to be unnecessarily long, but it should show that you have considered how your proposed venture could operate.

Include the following:

• Product or service: Explain what you intend to offer and the problem it solves.
• Target market: Identify your intended customers and their needs.
• Competition: Describe competing businesses and how your offer will differ.
• Marketing and sales: Explain how you plan to reach customers.
• Financial projections: Estimate income and expenses over two years.
• Break-even analysis: Explain when expected revenue could cover business costs.

The programme does not prescribe one compulsory business-plan template. Ask your local contact point for advice if you are unsure about the format.

3. Business Plan Summary and Motivation

Prepare an English-language summary of your business plan for potential host entrepreneurs. The complete business plan is assessed separately and is not openly shared with every potential host.Your motivation should connect your learning objectives to the experience of your proposed host. Confirm acceptable language requirements for the full plan with your contact point.

How to Apply for Erasmus for Young Entrepreneurs 2027

Step 1: Find a Local Contact Point

Use the official EYE contact-point directory to identify an organisation that supports applicants in your country of residence. If no contact point operates in your eligible country, the programme's rules may allow you to register through an organisation in another participating European country.

Step 2: Register Online

Open the official Erasmus for Young Entrepreneurs application portal and select the New Entrepreneur option.

Complete your profile, motivation, language skills, business sector, preferred destinations, and availability. Upload your CV and business plan, and provide the required summary.

Save your work as a draft if you need more time. Remember that saving a draft does not mean your application has been submitted.

Step 3: Submit Your Application for Assessment

Review the required fields and submit the completed application to your chosen contact point.

The organisation will assess your application. It may accept it, request additional information, or refuse it if the requirements are not met.

Step 4: Find a Suitable Host Entrepreneur

Once accepted, search the programme's online catalogue for an experienced entrepreneur whose business matches your goals.

You can also propose a host you already know, subject to programme requirements. Consider the host's industry, expertise, learning opportunities, and the value you can contribute.

Step 5: Agree on the Exchange Plan

Work with your proposed host to define your activities, learning objectives, responsibilities, and exchange dates.

Submit the proposed arrangements to your contact point for the required approval. The exchange must involve meaningful entrepreneurial collaboration rather than simply an ordinary internship.

Step 6: Sign the Required Agreements

Before departure, the relevant partners must digitally sign the Commitment to Quality through the programme's online tool. You must also sign the financial agreement with your contact point.

Confirm the approved dates, funding arrangements, accommodation plans, and any applicable travel or immigration requirements before booking your trip.

Erasmus for Young Entrepreneurs 2027 Application Deadline

One advantage of the programme is that applications are accepted throughout the year. There is no single annual registration deadline stated in the supplied information, which was checked on 10 October 2026.

However, year-round registration does not mean that applicants can skip the assessment or exchange approval stages. You must be accepted, find a suitable host, agree on an exchange plan, and complete the required agreements before departure.

Starting early gives you more time to prepare your business plan, receive feedback, find a suitable host, and organise your finances.

Official Website       Apply Now

Follow our Social Media Platforms: WhatsApp Groups | Facebook Page