Fully-Funded Erasmus Mundus Master in Impact Entrepreneurship 2023-24

Scholarship Description:

Applications for the 2023 cohort will open in November 2022. Please check back at that time for additional information. Candidates wishing to be considered for financial aid, including full or partial scholarships must submit their application no later than February 1, 2023. The deadline for self-funded candidates is May 31, 2023. Decisions regarding scholarships are final. 

The EMMIE curriculum is built on a 90 ECTS program spread over 18 months and organized by three of the best European Business Schools.  The program is organized into three semesters. The first semester is in Zagreb, the second semester in Vilnius, and the third semester in Liège.

During the first semester in Croatia, participants will get the required basics in General Management. They will develop the key managerial competencies that any would-be entrepreneur should master.

They will move for the second semester to Lithuania to study the key concepts related to the management of technology and innovation. Building core competencies in innovation is essential since implementing impactful projects requires creativity and innovation.

Participants will finish the curriculum with the 3^rd semester in Belgium, at HEC Liège – ULiège. In that final semester, they will acquire the essential competencies that are related to entrepreneurship with a specific slant toward impactful projects.

Degree Level:

Fully-Funded Erasmus Mundus Master in Impact Entrepreneurship 2023-24 is available to undertake Masters level programs at .

Available Subjects:

Following subject are available to study under this scholarship program.

• All Subjects

Transversal activities

In parallel to the curricula that will be delivered in each country, participants will be engaged in several transversal activities.

• Seminars, conferences, and networking with associate partners as well as local and international institutions, to develop the participant’s understanding of the key challenges associated with the 17 SDGs and to expose them to impactful entrepreneurial projects. The objectives will not only be to develop their competencies, but also to inspire them about possible entrepreneurial projects to develop during the program and to help them build a relevant network of contacts.
• Participants must develop their own entrepreneurial projects with impact during the program. They are supposed to write a feasibility analysis (business plan) of such projects in the setting of a capstone master thesis. During the process, participants will be coached by entrepreneurs and experts. The jury of the project will be composed of a representative of each partner institution. At the end of the program, participants will have to pitch their project in front of entrepreneurs and potential investors. If they intend to create a company in relation to their project, they will be offered the possibility to be incubated into one of the incubators associated with partner institutions.
• The publication of an online Impact Entrepreneurship Magazine: students will be involved in the writing and editing of a special quarterly magazine dedicated to Impact Entrepreneurship, under the coordination of an editorial committee. The Magazine will be a tool of dissemination, through the social networks of EMMIE and of each partner institution.

Scholarship Benefits:

The EMMIE program is funded by the European Commission which seeks to grant financial assistance to the very best students.

Erasmus Mundus Grants

This scholarship includes two different contributions, as detailed below:

1. Exemption of participation costs

The  participation costs for which successful candidates will be exempted include the following:

• The registration fee to the master (is €13.500).
• Management fee (including laboratory expenses, supervision, running costs, etc.)
• Health and accident insurance coverage
• Access to the universities’ infrastructure (libraries, Wi-Fi, etc.)
• Assistance from the international office at each University regarding administrative matters, accommodation, bank account, etc.

2. Contribution to travel, subsistence, and installation costs

The contribution to travel, subsistence, and installation of €1,400 per month for the entire duration of the study program (18 months maximum).

A contribution to subsistence costs may not be given to scholarship holders for the EMJMD periods (study /research /placement /thesis preparation) spent in their country of residence.

Please note that if you have previously benefited from an EMJMD scholarship or an Erasmus Mundus Master course scholarship, you can apply to the EMMIE Master Program but you cannot apply for the Erasmus + scholarship.

Other grants

Candidates are strongly recommended to solicit scholarships or loan opportunities in their own country.

Students who do not have a scholarship can apply for grant requesting the reduction of participation fees. These partial grants are based on financial need and academic merit and are decided by the Core Coordination Committee (CCC). Self- funding students wishing to be considered for a partial grant should identify their interest in their motivation letter.

The EMMIE program attracts top scholars and entrepreneurs from around the world. All decisions regarding grant allocations are final and cannot be appealed.

Eligible Nationalities:

International students

Eligibility Criteria:

Check details

Application Procedure:

Detailed program

The following documents will be required to complete an application:

• A sworn translation into English of your passport AND of your birth certificate (if available)*.
• A photo (ID format)
• A current resume in English (please use the Europass CV format: https://europa.eu/europass/en/create-europass-cv)
• A personal motivation letter in English outling why you are interested in the EMMIE program and ideas for the start-up company which will be developed during the program (maximum 2 pages)
• A copy of your High School Diploma with a sworn translation into English *
• A copy of all higher education diplomas (Bachelor’s degree AND Masters degree if applicable) AND a transcript of records. All documents require a certified English translation *
• An English Language Proficiency test/document for individuals for whom English is not their first language. TOEFL and IELTS tests are accepted, Duolingo tests will not be accepted. The English proficiency minimum across all competencies is a minimum of B2, however C1 is highly recommended.
  If your higher education degree was fully taught in English, the language proficiency test is not required.
• A PDF document including all official documents highlighting your accomplishments over the last five years (certificates, awards, internships, employment, etc)
• Two recommendation letters written in English (either academic or professional)
• OPTIONAL: If you already have a well-developed entrepreneurial project which you plan to implement during your master, please provide a short (one page) description addressing: (1) the problem you plan to address; (2) the solution you wish to implement, and (3) the current state of development of your project.
• An official document issued within 12 months of the submission deadline showing your place of residence. The place of residence could be verified based on the provision of the documents listed on the PRADO website (https://www.consilium.europa.eu/prado/fr/search-by-document-country.html) if it mentions a place of residence and is dated. If this is not the case, an applicant can send any other document considered appropriate. For example:
  – a residence certificate issued in accordance with the candidate’s municipality normal registration rules;
  – a certificate from the candidate’s place of work, study, or training issued by the employer or institution in question.
  In absence of such documents, alternatives such as renting contracts, phone and electricity bills may be requested.

Source / More information: Official Website HERE.