Financial Support
At ESTIEM, we believe that every student should have the chance to explore Europe, participate in meaningful events, and grow within our vibrant community—regardless of financial circumstances. That’s why we offer several funding opportunities designed to support your travels, development, and engagement in the network.
FOR ESTIEMERS
Event Participation Scholarship
ESTIEM believes that every student should be able to take part in events across Europe. This scholarship helps cover costs so that money doesn’t stop you from learning, traveling, and getting involved in the network.
- Covers up to 80% of eligible travel and participation costs.
- Maximum of €250 per event and €600 total during an ESTIEM career.
- Costs must be based on the cheapest reasonable travel option.
- Applicant must demonstrate genuine financial need and a clear motivation to join the event.
- Events must contain meaningful academic or ESTIEM-related content.
- Only up to three applications can be granted per ESTIEMer.
- Applicant must show they have sought all other funding sources (family, university, LG, job, government, savings).
- Must submit realistic cost estimations and a complete application.
- Application must be submitted before the event’s cancellation deadline.
- Incorrect or incomplete budgets lead to automatic rejection.
- Only direct travel and participation costs are considered.
FOR ESTIEMERS
Leadership Scholarship
Taking on a leadership role in ESTIEM is a big step and can come with extra costs. The Leadership Scholarship is there to support motivated ESTIEMers who want to get more involved but need some financial help to do so.
- Supports expenses related to active involvement in central ESTIEM leadership.
- Maximum total amount: €2,000 per person throughout the entire ESTIEM career.
- The scholarship may be approved prior to election, but payments are made only after the applicant is elected.
- If the applicant is not elected, the scholarship approval is revoked.
- Available to ESTIEMers with financial need who demonstrate strong motivation.
- The applicant must hold or be applying for a key leadership position, such as Board Member, Service Leader, Committee Leader, Project Leader, Task Group Leader
- Multiple leadership scholarships may be granted, provided the total does not exceed €2,000 per individual.
- Applicants must make reasonable efforts to secure alternative sources of funding, including:
- Family or friends
- University and/or Local Group
- Student employment
- Government support
- Personal savings
- Central ESTIEM
- A comprehensive budget overview of income and expenses is required.
- Travel costs must be calculated using the cheapest reasonable transportation option, booked sufficiently in advance.
- A clear motivation statement for the leadership role must be submitted.
- In cases of serious underperformance or neglect of responsibilities, the scholarship will be discontinued.
- Applications that are incomplete or contain unrealistic cost estimates will not be considered.
- The scholarship is conditional upon active and responsible participation in the role.
AD FUNDUM AWARD
Awarding Innovative Ideas
Have an idea you want to bring to life? The Ad Fundum Award supports ESTIEMers who want to launch new initiatives that add value to the network, from new event formats to academic or creative projects.
Awarded once per year at a Council Meeting, it offers around €500 and support from an ESTIEM Board member, with the project to be realized within one year.
AD FUNDUM AWARD
FOR LOCAL GROUPS
Event Crisis Support
Sometimes events or projects run into serious trouble due to unexpected financial issues. Event Crisis Support exists to help Local Groups keep their initiatives alive when sudden circumstances put them at risk.
- Emergency financial support for events or projects in crisis.
- Provided as a loan, guarantee, or grant, depending on the case.
- For situations not covered by central ESTIEM reserves, especially when the Local Group carries the risk.
- Supported events or projects cannot generate profit; any profit reduces the support accordingly.
- Unexpected loss of income or significant extra costs.
- Without support, the event or project would not happen or be seriously compromised.
- The organising team has no realistic way to resolve the situation alone.
- Funding availability within the Club of 100.
- Clearly explain the crisis and the financial need.
- Provide a clear and realistic budget overview.
- Respect the conditions linked to the type of support granted.
- Meant only for exceptional, unforeseen situations.
- Not a replacement for general ESTIEM reserves.
