Erasmus for Young Entrepreneurs is a cross-border exchange programme which aims to help new and aspiring entrepreneurs acquire relevant skills to run and grow a small business by working with an experienced entrepreneur in another country for one to six months. It increases their know-how and fosters cross-border transfer of knowledge and experience between entrepreneurs. The programme has demonstrated a positive impact in stimulating innovative business practices, the development of new products and services and expansion into new national markets. Erasmus for Young Entrepreneurs was launched... in 2009 by the European Commission following an initiative of the European Parliament. Erasmus for Young Entrepreneurs is one of the key actions of the Entrepreneurship 2020 Action Plan, which aims to ignite entrepreneurial spirit in Europe, support new businesses in crucial phases of their lifecycle and help them to grow.