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EU programs

Erasmus for Young Entrepreneurs program

Link: erasmus-entrepreneurs.eu
Description: Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.

SME Instrument

Link: ec.europa.eu/programmes/
horizon2020/en/h2020-section/sme-instrument

Description: The SME instrument is a part of Horizon 2020. It supports close-to-market activities, with the aim to give a strong boost to breakthrough innovation with a market-creating potential. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalisation are the prime target.

EU Microfinance Support

Link: ec.europa.eu/social/main.jsp?catId=836&langId=en
Description: this program looks to improve the possibilities of accessing to a microloan in order to boost the creation of entrepreneurship, and especially of SMEs. Although it does not directly finance entrepreneurs, it allows microcredit providers to increase their lending by offering them better guarantees through a share of potential loss. Since this program works with different microcredit providers, conditions to apply depend on the provider.