Infosys Foundation inks deal with IISER, Pune to support ‘high quality’ education
According to a recent report the philanthropic arm of the IT major, Infosys Foundation have joined hands with Indian Institute of Science Education and Research (IISER), Pune, in a contribution to impart higher education. This pact will support students from economically weaker section to pursue ‘high quality’ education.
The MoU aims at providing opportunities for economically weaker students to pursue high quality science education and research through scholarships, fellowships and travel awards, Infosys said in a release.
A corpus fund of Rs. 5 crore was collected as part of the Memorandum of Understanding and was named as ‘The Infosys Foundation Endowment Fund’. This fund will be a benefit to atleast a minimum of 50 students annually.
The grant will be used towards the establishment of Infosys Foundation Scholarships which will be awarded to BS-MS students, Infosys Foundation Fellowships endowed to integrated PhD students and Infosys Foundation Travel Awards to PhD students who have excelled in their research work, the company added.
Infosys said the grant is aimed at fulfilling the Foundation’s objective of creating equal opportunities for students from poorer background and advancing the quality of research done at Indian
institutions.The establishment of scholarships, fellowships and travel awards provides opportunities for students at different academic levels to gain from the grant, it said.
