BIC programme creates new business opportunities for region

The North East Business and Innovation Centre (BIC) is encouraging businesses across the region to exchange knowledge and collaborate with partners overseas.

The ‘Erasmus for Young Entrepreneurs’ programme offers those in the early stages of starting a business the opportunity to spend on average three to four months in a business overseas.

It also allows for established businesses in the North East to act as a ‘host’ and to welcome a European entrepreneur to work with them.

Business development manager, Louise Hardy, said: “I am delighted that the BIC can once again offer businesses this fantastic opportunity.

“Having been involved with Erasmus for over five years, I have seen first-hand the benefits it can bring to participating entrepreneurs.

“From developing international contacts and discovering collaboration opportunities, to strengthening your sector skills, the project stimulates the growth of startups and established SMEs.”

The project is funded by the European Commission and both parties are said to benefit from broadening their network of contacts and gaining new ideas.

Louise added: “I am on hand to help guide applicants and remain the point of contact throughout the process.

“One recent exchange involved Let’s Circus, a Newcastle-based company, who acted as a host to an entrepreneur visiting from Italy.

“The entrepreneur delivered large projects, opening up new opportunities for Let’s Circus, whilst also developing their skills to run their own business. This is a prime example of how the project can help both the host and the entrepreneur.”