In concrete terms, Erasmus Mundus will support about 100 Erasmus Mundus Masters Courses of outstanding academic quality. It will provide grants for some 5,000 graduate students from third countries to follow these Masters Courses, and for more than 4,000 EU graduate students involved in these courses to study in third countries. The programme will also offer teaching or research scholarships in Europe for over 1,000 incoming third-country academics and for a similar number of outgoing EU scholars. Last but not least, Erasmus Mundus will support about 100 partnerships between Erasmus Mundus Masters Courses and higher education institutions in third countries.