The participation fee for students in intake 2020 is €15,000 per year.
All accepted students are required to pay a non-refundable registration fee of €250.
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All tuition at both of your chosen universities
Your participation in business, entrepreneurial and innovation courses at our partner business schools
All activities related to the Innovation & Entrepreneurship Journey of your programme of choice. This includes unique pedagogies such as Challenge-Driven education, Engineering & Business Case®, in cooperation with Harvard, MIT and Aalborg, among others
All costs related to InnoEnergy events that are an integral part of your programme’s curriculum (including any travel and accommodation costs)
Unique Game – changing Impact Programme: six individual and group coaching sessions where you will be taught how to make a game changing impact and know which career will fit best to your qualities and strengths. You will develop the skills needed for your future career
Intensive collaboration with industry: Industry Innovation Projects, study visits
Career support by the Career Centre: more than 200 career opportunities being offered per year
Travel from your home to and from your first-year and second-year universities
Your living expenses. These depend very much on location and personal preference. As a rough estimate we suggest €750 per month to cover housing, food, books, travel, and personal expenses
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Scholarships and fee waivers
InnoEnergy offers various scholarships and fee waivers by selecting the top applicants based on a combination of academic skills (such as past performance, quality of previous education and university), professional background and affinity with innovation and entrepreneurship.
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For intake 2020, the following scholarships and fee waivers are available:
Partner University Scholarship: students who are currently pursuing or have completed a Bachelor's or Master's programme at one of our partner universities will enjoy a discount of €10,000 in their participation fee for any of InnoEnergy Master's programmes. Candidates from partner universities will be automatically considered for this scholarship.
Academic Excellence Scholarship: a limited number of €15.000 participation fee waivers and monthly allowance worth €750 for the duration of your studies
Energy Impact Scholarship: a limited number of full (€15.000) and partial (€5.000) participation fee waivers are available for students starting in 2020. The Energy Impact Scholarships do not include monthly allowance. So, you must make sure you have enough funds to cover the remaining participation fees and your living costs during your time at the InnoEnergy Master’s School.
Academic Excellence Scholarships and full waiver Energy Impact Scholarships are only available to accepted students from Round 1 and 2. Candidates interested in partial waiver Energy Impact Scholarship will be automatically considered during their application in all rounds. More information below.
When applying to one of our Master's programmes, all applicants will be automatically considered for:
Partner University Scholarship
Energy Impact Scholarship - partial waiver (€5.000 waiver per year)
Applicants are not required to take any additional action. InnoEnergy encourages candidates interested in partial waivers to apply as early as possible as waivers are bound to availability of funds. Check out application dates and requirements. for more information about the admission process for intake 2020.
Full waivers & grants
InnoEnergy offers a limited number of full waivers and grants to support top talents with their studies through:
Academic Excellence Scholarship
Energy Impact Scholarship - full waiver
These are exclusively available to candidates who have already been accepted to one of InnoEnergy Master's programmes in Round 1 or Round 2 for intake 2020.*
Candidates accepted to an InnoEnergy programme in Round 1 or 2 are required to apply separately for an Academic Excellence Scholarship / Energy Impact Scholarship - full waiver by submitting a motivation video together with their application number and copy of acceptance letter. The timeline for application is as follows:
Application deadline for InnoEnergy programmes
17 November 2019
19 January 2020
Announcement of admission decision
Mid December 2019
Early March 2020
Application for full waivers / full waivers + grant open**
06 January 2020 (only for accepted students of Round 1)
09 March 2020 (only for accepted students of Round 2)
Deadline for scholarship application
12 January 2020
15 March 2020
Announcement of scholarship winners
Mid February 2020
Mid April 2020
*Students enrolled in one of InnoEnergy Master's programmes (intake 2018 or 2019) are not elegible for these scholarships
**Accepted students of Round 1 will only be considered for scholarships if they apply before 12 January 2020. Accepted students of Round 1 will not be considered for scholarship in the scholarship application round between 09 - 15 March 2020.
Who gets a scholarship?
Partial waivers, scholarships and grants are awarded based on a combination of academic criteria (such as past performance, quality of previous education and university), or ideas for or experience with innovation and entrepreneurship. Full waivers and grants are awarded only to the highest ranking scholarship applicants on each programme.
Decisions about scholarships are final and cannot be appealed. InnoEnergy reserves the right to allocate scholarships based its own established criteria.
Please note: It is not possible to appeal decisions regarding scholarships, and the selection results (ranking) do not constitute grounds for an appeal. It is not possible to transfer an InnoEnergy Master’s School scholarship to another InnoEnergy programme or to a non-InnoEnergy programme.
Code of conduct. All students, including those in receipt of an InnoEnergy scholarship, agree to the terms of the code of conduct. Any breaches of the code of conduct may result in the student agreement being dissolved.
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Local funding & scholarship opportunities
InnoEnergy encourages you to search for local loan providers in your home country in case you need additional funding to support your studies.
Institutions support local students with financing their studies abroad through loans and/or scholarships. See list below.
IEFA offers scholarship and grant information for students wishing to study abroad.
We make scholars offers scholarship and grant information for students wishing to study abroad.
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Financing your studies through Erasmus+
Erasmus+ study loans have been created by the European Commission to make it easier to study a full degree programme abroad.
All our Master’s programmes take place in an Erasmus+ programme country. Certain students may therefore apply for an EU-guaranteed Erasmus+ study loans at a bank in their home country.
Currently the Erasmus+ scheme is available through universities and banks in Spain, France, UK and Turkey for outgoing students from these countries who are pursuing postgraduate study abroad; and to students from other programme countries going to Spain or the UK for a Master’s course. More information on Erasmus+ loans is available here.
Please note: the Erasmus+ study loan programme is not financed or organised by InnoEnergy.
How to apply
Join us in shaping the future of global energy. Find out here how to apply for our unique programmes and kick start your career on to the path of entrepreneurship and engineering. Do you think you have what it takes?