Checklist for Host Entrepreneurs – 4 – Create your Commitment

Create your Commitment



④ Commitment

After confirmation of your business relationship in the IT-Tool you prepare the commitment together with your New Entrepreneur.

The commitment has three objectives:

  • It serves as a cooperation agreement between NE, HE, NIO (New IO), HIO (Host IO) and the European Commission.
  • It allows to manage expectations and defines the activities to be carried out for both sides (NE and HE) during the business exchange. We strongly recommend to discuss this in a video or telephone call.
  • It allows IOs and the European Commission to check, if the stay complies to the programme requirements, i.e. the commitment will be checked and approved from different parties.

For orientation, you will find the structure of the commitment here. We strongly recommend to use the following template to prepare your commitment.

Example questions to prepare meetings with the New Entrepreneur (NE):

  • Which expectations does the NE have towards the relationship? (so that they can be addressed in the commitment)
  • What can the NE contribute to your business?
  • How can you mentor the NE? (you should be ready to invest an average of minimum 5 hours a week dedicated to NE’s business development)
  • How to balance the NE’s work on the own business plan and the contribution to your business?
  • What are your own expectations?

Create your Commitment