EMMIE - Erasmus Mundus in Impact Entrepreneurship

Deadline: December 23, 2024

Scholarships

Master

Location(s)

  • Belgium
  • Croatia
  • Lithuania
Zagreb, Vilnius, Liège.

Overview

The new generation of entrepreneurs is on its way!

Details

Impact entrepreneurship

Our societies are currently facing major changes and challenges. In that perspective, the United Nations has published the 2030 Agenda for Sustainable Development that relies on 17 goals (SDGs) that require urgent action. Such an agenda requires innovations that matter! But to bring innovative ideas into reality, our societies badly need more entrepreneurs with mindsets, skills, and a sense of purpose to thrive in a rapidly changing world. Impact Entrepreneurship refers to the process favoring the creation and growth of enterprises that are ethical, transparent and have a meaningful impact on our lives and society.

Unlike non-profit, they focus on creating social impact through market strategies. Impact entrepreneurs focus on the triple-bottom-line: People-Planet-Profit, to achieve the appropriate balance between each dimension. The mission of this master is to contribute to the education of a new generation of impact entrepreneurs. Its ultimate vision is to contribute to the creation of an inclusive economy driven by equity values that give meaning to living together by creating human, ecological and economic value through an entrepreneurial approach.

Program description

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 3rd 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.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

If you are willing to develop your competencies and network to create meaningful projects that have a positive impact on our society;

If you want to be an actor of positive change within your community;

If you want to be part of those that prefer to be actors than spectators; then…

EMMIE is made for you!

In getting exposed to Impact entrepreneurship, participants will develop their ability to constantly manage the right balance between People, Planet, and Profit. To bring, on the market, entrepreneurial projects pretending to have a significant impact on some of the 17 SDGs, participants will acquire:

  • a deep understanding of the challenges that need to be addressed;
  • relevant methodologies to analyze the ecosystems related to these challenges;
  • a smart strategy to identify the most effective leverages to act in order to optimize the impact;
  • the use of specific business models that fits the 3Ps approach.

To a large extent, they will also develop a different mindset from “usual” entrepreneurs, including a clear understanding of the purpose (the Why?) and the integration of a balanced consideration of stakeholders in the business model. As impact entrepreneurship requires very creative and interdisciplinary approaches, the program will recruit candidates from a wide variety of academic disciplines. The ambition is to recruit among those brightest candidates who have this burning desire to build a better world.


Dates

Deadline: December 23, 2024


Cost/funding for participants

Erasmus Mundus Grants

This scholarship includes two different contributions, as detailed below: 

1. Exemption to participation costs

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

  • Registration fee to the master (€13.500).
  • Management fee (including laboratory expenses, supervision and 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 EMJM periods (study /research /placement /thesis preparation) spent in their country of residence.

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

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