Erasmus Mundus EYE Scholarship 2027 is a cross-border business exchange programme that lets aspiring founders and entrepreneurs (under three years of experience) collaborate with experienced host entrepreneurs abroad; it provides financial support for travel and living costs and accepts year‑round applications.
The programme is funded by the European Union and run through local intermediary organisations (Local Contact Points). It offers hands-on mentoring, on-the-job training, and networking at host SMEs in participating countries and requires submission of a CV, motivation statement and a structured business plan.
EYE Scholarship Benefits
- 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.
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EYE Scholarship Eligibility Criteria
- 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.
How to Apply for EYE Scholarship
- 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.
Frequently Asked Questions (FAQs)
Here are the most frequently asked questions about the EYE Scholarship. These answers cover eligibility, benefits, deadlines, and how to apply based on the official programme details.
What is the Erasmus for Young Entrepreneurs (EYE) programme?
The Erasmus for Young Entrepreneurs (EYE) Programme is a European cross-border business exchange initiative funded by the European Union. It enables aspiring or early-stage entrepreneurs to learn from experienced host entrepreneurs running SMEs in another participating country through hands-on collaboration, mentoring, and international networking.
Who can apply for the EYE Scholarship?
New entrepreneurs or aspiring founders with less than three years of total entrepreneurial experience (or those who have not yet launched a business) and who reside in an EU Member State or eligible SMP country can apply. Applicants must be at least 18 years old.
Which documents are required to apply?
Applicants must submit a Curriculum Vitae (CV), a clear statement of motivation, and a viable, structured Business Plan to their Local Contact Point (LCP) via the EYE IT Tool/Portal for assessment.
Are there any fees to participate in the programme?
No. Application and participation in the EYE exchange are completely free of charge; there are no participation fees for applicants accepted into the programme.
What financial support does the programme provide?
The programme pays a monthly living and travel allowance directly to the new entrepreneur. Rates vary by destination country (examples given include €900/month for Spain/Germany, €950/month for France, €1,000/month for Italy, and €1,200/month for Denmark).
How long does the exchange last?
Exchanges last from 1 to 6 months and can be divided into weekly slots spread over a maximum span of 12 months, allowing flexibility in how the on-site collaboration is scheduled between the new entrepreneur and the host.
How are applicants selected for the exchange?
Applications are evaluated by the applicant’s chosen Local Contact Point (Intermediary Organization). Selection focuses on the quality and viability of the Business Plan, candidate motivation, relevant skills, clear learning objectives, and the potential value of the proposed cross-border collaboration.
Which countries can host a new entrepreneur?
Host destinations include EU Member States and SMP countries, and the programme also lists select non-SMP host destinations such as the UK, USA, Canada, and Singapore. The exchange takes place at the host entrepreneur’s business location.
Can I participate more than once?
No. New entrepreneurs may participate in the EYE exchange only once. Prior participation disqualifies repeat participation as stated in the programme eligibility rules.
When is the application deadline for the EYE programme?
Applications are accepted year-round on a rolling basis; there is no single fixed deadline. Candidates should register via the EYE IT Tool/Portal and contact their Local Contact Point to begin the application process.
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