EMMIE: Erasmus Mundus Master in Impact Entrepreneurship

What EMMIE: Erasmus Mundus Master in Impact Entrepreneurship does

EMMIE (Erasmus Mundus Master in Impact Entrepreneurship) is an 18-month joint Master's degree program delivered through a consortium of three European business schools: HEC Liège (Belgium) as coordinator, the Zagreb School of Economics and Management (ZSEM, Croatia), and the International School of Management (ISM, Lithuania). The program trains prospective impact entrepreneurs and is structured around student mobility across the three partner institutions. EMMIE holds the Erasmus Mundus Joint Master designation and is co-funded by the European Commission, which provides scholarships covering tuition, a monthly stipend of approximately €1,400, and travel/insurance allowances for selected students.

The program's core product is its curriculum, jointly developed and accredited through the partner schools, delivered over four semesters including mobility periods. Students apply through a centralized online portal (with an approximately €50 application fee) and, if awarded an Erasmus Mundus scholarship, receive full financial support. The program's public-facing infrastructure includes the Voice of EMMIE student blog, used to publish student-led content and build brand visibility.

Revenue mechanics combine EU grant funding (Erasmus Mundus co-funding) with tuition flows routed through the partner institutions. The program operates with a small core team of approximately eight staff based in Liège, Belgium, and admits biennial cohorts; the third cohort (2026-2028) is currently in admissions. Across cohorts to date, EMMIE has attracted 107 entrepreneurs from 56 nationalities.

Name

EMMIE: Erasmus Mundus Master in Impact Entrepreneurship

Legal name

University of Liège (ULiège)

Website

https://emmie-master.eu

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

EMMIE is an 18-month Erasmus Mundus Joint Master's program in Impact Entrepreneurship, delivered by HEC Liège, ZSEM, and ISM, and co-funded by the EU. It trains aspiring impact entrepreneurs through cross-border study across Belgium, Croatia, and Lithuania.

Ownership category

akta.pro rank

Headquarters

HQ city

Liège

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Tuition Fees: Students pay tuition fees for the 18-month joint Master program delivered across three institutions. Fee structure is referenced but specific amounts not disclosed in this source.
2. European Union Funding: Co-funded by the European Union through Erasmus Mundus program, supporting program operations and potentially student scholarships.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

EMMIE delivers an 18-month joint Master's degree in Impact Entrepreneurship, taught across three European business schools (HEC Liège in Belgium, ZSEM in Croatia, ISM in Lithuania) with a built-in student mobility scheme. The program is open to applicants from all academic backgrounds, awards a multi-institution degree, and operates with annual global intake cycles supplemented by Erasmus Mundus/European Union co-funding and scholarships.

Product overview

EMMIE is a single unified educational program - an 18-month joint Erasmus Mundus Master in Impact Entrepreneurship. The program is delivered by three partner institutions (HEC Liège in Belgium, ZSEM in Croatia, and ISM in Lithuania) and includes a student blog ('The Voice of EMMIE') as a supplementary content offering. There are no additional modules, add-ons, or platform components beyond the core program offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Erasmus Mundus Master in Impact Entrepreneurship (EMMIE) An 18-month joint Master's degree program focused on impact entrepreneurship, delivered collaboratively by HEC Liège (Belgium), ZSEM (Croatia), and ISM (Lithuania). Open to students from all academic backgrounds, it includes a cross-country mobility scheme, multi-institutional degree recognition, and access to EU Erasmus Mundus scholarships.
• The Voice of EMMIE (Student Blog) The official student publication of the EMMIE program, featuring blog posts on impact entrepreneurship written by current students. Hosted at emmieimpact.blog as a supplementary content channel for prospective and current students.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• HEC Liège - Management School, University of LiègecoreStrategic or Co-development PartnerProgramme coordinator. AACSB and EQUIS accredited business school. Only Business School in Belgium labeled by BSIS (Business School IMPACT System). Only Business School member of the Conférence des Grandes Ecoles. Located in Liège, Belgium.
• Zagreb School of Economics and Management (ZSEM)coreStrategic or Co-development PartnerOnly university in Croatia with AACSB accreditation. Holds 4 out of 5 Palmes of Excellence, ranked third best business school in Eastern Europe by Eduniversal. Member of EFMD.
• University of Management and Economics in Vilnius (ISM)coreStrategic or Co-development PartnerOnly university in Lithuania with 4 out of 5 Palmes of Excellence by Eduniversal. On track to AACSB accreditation. Member of EFMD.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Schulich School of Business (York University): Canadian business school with international MBA and Master's programs centered on social purpose and sustainability. Comparable to EMMIE in offering graduate business education with a social/impact lens at accredited institutions.
• Hult International Business School: Global business school with campuses across multiple countries and a portfolio of international Master's programs. Comparable to EMMIE in its international student mobility and employer-facing Master's offering, though much larger and broader in scope.
• Erasmus University Rotterdam: Dutch public university with internationally recognized management and entrepreneurship programs. Comparable as a European Master's-level provider with strong appeal to international students, including content on impact and sustainability.
• INSEAD: One of Europe's leading business schools with executive and Master's programs including a focus on social entrepreneurship. Comparable in offering graduate-level business education with a European/global approach, though materially larger and more prestigious.
• Maastricht University School of Business and Economics: A Dutch public university with strong international student base and problem-based learning Master's programs. Comparable as a European Master's-level education provider with a globally recruited student body.

Others

• GIIN (Global Impact Investing Network): Industry body that drives the impact investing ecosystem whose talent pipeline EMMIE feeds. Comparable not as a direct competitor but as an ecosystem partner that signals the demand for impact-entrepreneurship-trained graduates.

Emerging players

• Skoll Centre for Social Entrepreneurship (Oxford Saïd): A leading European center for social/impact entrepreneurship education embedded in a top-tier business school. Comparable to EMMIE in its focus on impact entrepreneurship talent development, though hosted at a single institution rather than a consortium.

Direct peers

• Erasmus Mundus Master in Public Policy (Mundus MAPP): An Erasmus Mundus joint Master's program with multi-country mobility across European universities. Same scholarship, EU co-funding, and consortium structure as EMMIE, making it the closest structural comparable for admissions, funding, and program design.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCBLhXIJIdpZjvjD1823hY9g
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/emmie-master
• Instagraminstagram.com/erasmusmundusemmie

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EMMIE: Erasmus Mundus Master in Impact Entrepreneurship