Applications are currently being accepted for the Erasmus Mundus EYE Scholarship 2027 in Europe. Interested applicants are encouraged to click here to learn more about this opportunity and apply for it.
About Erasmus Mundus EYE Scholarship
Erasmus for Young Entrepreneurs is a cross-border exchange programme which gives new or aspiring entrepreneurs the chance to learn from experienced entrepreneurs running small businesses in other Participating Countries.
The exchange of experience takes place during a stay with the experienced entrepreneur, which helps the new entrepreneur acquire the skills needed to run a small firm. The host benefits from fresh perspectives on his/her business and gets the opportunities to cooperate with foreign partners or learn about new markets.
Benefits of Erasmus Mundus EYE Scholarship
- Monthly living and travel allowance paid directly to the new entrepreneur (rates vary by destination country, e.g., €900/month for Spain/Germany, €950/month for France, €1,000/month for Italy, €1,200/month for Denmark).
- No Participation Fees: Application and participation are completely free of charge.
- Business Development: On-the-job training, international market insights, mentoring, and professional network expansion.
Erasmus Mundus EYE Scholarship Requirements
- Entrepreneurial Stage: Aspiring founders or new entrepreneurs with less than 3 years of total entrepreneurial experience (or those who have not yet launched a business).
- Residency Requirement: Must reside in an EU Member State or an eligible Single Market Programme (SMP) country (e.g., Albania, Bosnia & Herzegovina, Iceland, Kosovo, Liechtenstein, Moldova, Montenegro, North Macedonia, Norway, Serbia, Türkiye, Ukraine).
- Age Limit: No upper age limit (applicants must be at least 18 years old).
- Application Materials: Must submit a Curriculum Vitae (CV), a clear statement of motivation, and a viable, structured Business Plan.
- Language Proficiency: Working knowledge of the language agreed upon for the collaboration (typically B2 level or higher).
- Prior Participation: New entrepreneurs may participate in the EYE exchange only once.
Application Date and Process
- Prepare your application documents: CV, letter of motivation, and a comprehensive Business Plan.
- Register online via the official EYE IT Tool/Portal and select a Local Contact Point (LCP) in your country of residence.
- Submit your profile, CV, and Business Plan to your LCP for formal assessment.
- Once accepted into the catalog, search for a suitable Host Entrepreneur (or suggest one you are already in contact with).
- Agree on an activity plan, objectives, and exchange dates with your host, then submit the project details to your LCP.
- Digitally sign the Commitment to Quality in the IT Tool and sign the Financial Agreement with your LCP prior to departure.
Opportunity Application
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Erasmus Mundus EYE Scholarship
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