Erasmus Mundus Masters are funded by the European Union. Together with 18 other Master programmes, MEME has in 2009 been selected as a new Erasmus Mundus Masters programme that will be funded for five years (and with possible extension of another 5 years). The competition was fierce; only about 20% of the proposals for new Erasmus Mundus Masters have been awarded funding.
Erasmus Mundus aims to enhance the quality of higher education in Europe, and to promote dialogue and understanding between people and cultures through cooperation with third-world countries. In addition, it contributes to the development of human resources and the international cooperation capacity of higher education institutions in non-European countries by increasing mobility between the European Union and these countries. MEME falls under ‘Action 1’ of Erasmus Mundus; joint programmes of outstanding quality at masters and doctoral levels including scholarships/fellowships to participate in these programmes.