PRACTYCE- Framework Partnership Agreement

ended

PRACTYCE-FPA is aimed at creating a Framework Partnership Agreement engaging 10 Intermediary Organisations in the management on the ground of the Erasmus for Young Entrepreneurs programme. It expects to enhance entrepreneurship and micro and small enterprises competitiveness over Europe thanks to cross-border relationships between new entrepreneurs and host entrepreneurs. PRACTYCE-FPA will provide about 60 newly established or aspiring motivated entrepreneurs per year with an on-the-job training in another European country to develop and better their business perspectives within an international framework. The EP will thus also engage about 60 high quality and experienced Host Entrepreneurs to shadow the NEs in their project and share experience and information about business creation, thus reaching a total of 120 exchanges/year. Together, they will enrich their respective business with new ideas, innovation, creativity and the development of new collaborations. PRACTYCE-FPA will encourage long term cooperation between the participating entrepreneurs, thanks to follow-up and networking activities. PRACTYCE-FPA is composed by 10 IOs from 9 European countries for a large geographical coverage representative of the European diversity. All partners involved have a wide Access to New and Host entrepreneurs, and have among their main mission the assessment of entrepreneurs in their business projects. This experience will ensure quantitative and qualitative performance of project activities. PRACTYCE-FPA is a following action of PRACTYCE I, II, III and IV. 9 of them IOs having more than four years implementing experience with Erasmus for Young Entrepreneurs projects. All count with a high expectation from entrepreneurs in their area. This will allow them to focus on the high quality of the RLTs to be created for a greater impact of the action. Their work as IO will focus on promotional activities, quality RLT building and close follow-up, as well as a permanent control and management for the best use of funding.