Canary Islands Launches International Business Scholarship Program

Program Overview

The Canary Islands government has announced a new International Business Scholarship Program, backed by the European Social Fund Plus.

• The program offers a unique blend of theoretical training through a Master’s degree in International Business.
• It also provides practical experience abroad.

Regulatory Updates

Several updates to the program's regulations aim to:

• Streamline the selection process
• Ensure the quality of education

Universities interested in hosting the program will be evaluated based on:

• Academic offerings
• Online teaching experience
• Employment outcomes for graduates
• Faculty expertise
• Use of AI tools

Funding and Application Process

• Funding will cover the total cost of the Master’s for selected students.
• Institutions will receive direct payments based on the number of scholarships they can offer.
• The government has set a ten-day window for universities to submit applications to become official training providers.

Objectives and Impact

This initiative aims to boost international trade skills among local students, ensuring they are well-equipped for a globalized economy.

• It is an essential step for the Canary Islands' ongoing economic diversification and internationalization efforts.