In 2014, the European Commission's Erasmus+ programme distributed 650,000 grants for individuals to study, train, work or volunteer abroad.
The bulk of these were individual undergraduate study grants and around 1 per cent of grantees were PhD students, according to a report released on 26 January.
Out of €14.7 billion for the whole seven-year programme, €2 billion were spent in 2014. Amongst the grants awarded, €560,000 is going to a two-year project that aims to help small companies and universities work together to come up with “marketable projects”.