Infosys Foundation signs pact with IISER

Infosys Foundation has signed a pact with Indian Institute of Science Education and Research (IISER), Pune, 
•    This is to support students from economically weaker section to pursue ‘high quality’ education.
•    The Memorandum of Understanding 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.
•    It said as part of the MoU, the corpus fund of Rs. 5 crore named as ‘The Infosys Foundation Endowment Fund’, 
•    This fund will continue in perpetuity to benefit 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.
•    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.