Erasmus for Young Entrepreneurs is a European Union pilot programme that pays new entrepreneurs to learn from experienced businesspeople in other member states. The European Commission wants to make it permanent, with a lot more financial fire-power, to boost cross-border trade.
Small and medium-sized enterprises (SME) are potentially the most dynamic sector of the economy. Their growth is key for the overall economic well-being. The Commission has several programmes and measures in place to promote SME growth.
The Commission in February 2004 published an Action Plan on Entrepreneurship, which focuses on actions in five policy areas: entrepreneurial mindsets, incentives for entrepreneurs, competitiveness & growth, access to finance and cutting red tape.