ESTIEM

ESTIEM

Connecting IEM students to an IEM Europe

Club of 100

What is the Club of 100?

The Club of 100 is a club of maximum 100 people at a time, who commit themselves to donate at least 500€ per year for a period of 5 years. The Club of 100 is open to all individuals who have shown to appreciate ESTIEM as a network organisation. The number of members is limited to 100 to make the club exclusive and to limit the amount of money, and the period of 5 years ensures financial stability.

What is the main goal of the Club of 100?

   The main goal of the Club of 100 is to boost the support of ESTIEM in two ways:
  • Support activities, initiatives and projects that otherwise would not have been possible in ESTIEM
  • Provide equal opportunities for individual ESTIEMers who otherwise could not have been active in ESTIEM

What types of support does it offer?

As the Club of 100 currently offers three different types of support. The explanations, requirements and specifications of the current support options are listed below: 

If you think about becoming a leader in ESTIEM (a Project leader, Committee leader, Initiative leader or Board member) at the next Council Meeting and you have insufficient funds, the Leadership scholarship may be something for you! The following rules apply to ESTIEMers in order to be considered for an individual scholarship to support their active role in ESTIEM:
 
  • The leadership scholarship is granted to highly motivated ESTIEMers to support their active role in central ESTIEM.
  • The applicant has or will get a significant leadership position within ESTIEM (for example board member, project leader, committee leader).
  • A leadership scholarship can be awarded (but not paid) before the person is elected, and in case the beneficiary doesn’t get elected, the scholarship will be cancelled.
  • The maximum amount of a leadership scholarship is € 2000. During his/ her entire ESTIEM career, the applicant can receive multiple leadership scholarships, but the total amount per person cannot exceed € 2000.
  • The applicant is responsible for exploring all other possible options for covering the costs associated with his/ her leadership position. These contain, but are not limited to:
    • ​Family or friends
    • University and/ or Local Group
    • Student job
    • Government
    • Savings
    • Central ESTIEM
  • ​The applicant is responsible for providing a budget of his/ her total income and expenses, with reasonable estimates how to spend the scholarship. Estimation of travel costs must be based on the cheapest reasonable transportation alternative availabre when booking well in advance.
  • The applicant must convincingly put forward her/ his motivation for the leadership position.
  • Incomplete application, or such with evidently incorrect cost estimations are rejected without further consideration.
  • In case a person shows great neglect in carrying out duties, the scholarship is not continued and further payments are cancelled.

Application form for the Leadership scholarship: https://mantaba.wufoo.com/forms/knejbts0946lry/

The participation scholarship is aimed at providing ESTIEMers with a dire lack of funds the possibility to travel to events in ESTIEM. The following rules apply to ESTIEMers in order to be considered for an individual scholarship to participate in an event:
 
  • The participation scholarship is granted to highly motivated ESTIEMers to support their participation in an ESTIEM event. Events with a significant proportion of academic content (e. g. Vision, SAC) or ESTIEM-related work (CM, CoM) are prioritised.
  • The participation scholarship covers up to 80% of the applicant’s costs for participating an event, which cannot be covered through other sources. The maximum amount granted per event is €200.
  • During his/ her entire ESTIEM career, the applicant can receive maximum three participation scholarships with a total amount of maximum €500.
  • Costs for participating an event may contain travel and visa costs and participation fee.
  • The applicant is responsible for exploring all other possible options for covering the costs of event participation. These contain, but are not limited to:
    • ​Family or friends
    • University and/ or Local Group
    • Student job
    • Government
    • Savings
    • Central ESTIEM
  • ​The applicant is responsible for providing an accurate cost estimation. Such estimation must be based on the cheapest reasonable transportation alternative available when booking well in advance.
  • The applicant must convincingly put forward her/ his reasons for participating the event.
  • Incomplete applications, or such with evidently incorrect cost estimations are rejected without further consideration.

Application form for the Participation scholarship: https://mantaba.wufoo.com/forms/k12b6vc11tf5yda/

This sponsoring type is used to provide quick funds for events or projects that are threatened by a big, unexpected crisis such as the sudden, last-minute withdrawal of a sponsor. This is not a substitute for the general ESTIEM reserves, because these reserves are mainly for covering unforeseen circumstances that threaten central ESTIEM as a whole. Crisis support from the Club of 100 is meant for cases that wouldn’t be covered by central ESTIEM, for example events where a Local Group carries the financial risk.
 
Selection criteria:
  • The event or project faces unexpected loss of revenue, extra costs or another type of financial crisis
  • The event or project wouldn’t take place without a financial injection or would be of an unacceptable low quality
  • The event organisers or project team have no reasonable means to turn the situation around given the circumstances
  • The Club of 100 has sufficient sponsor money available
 
A project or event that receives crisis support cannot make a profit. That means that if the project or event results in a profit, the amount of support will be reduced correspondingly.
 
Application form for the Event crisis support: https://mantaba.wufoo.com/forms/kuhc66m1rmlp3s/

If you know somebody who would like to support our goals and become a member of the Club of 100, for rxample a professor at your university or your parents, you can direct them to our membership form: https://mantaba.wufoo.com/forms/k1clf6i50qmwwnm

*In case of any questions please do not hesitate to approach the Club of 100 triumvirate at: clubof100@estiem.org