Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced an investment in STEM education that will allocate nearly $700,000 per year to support scholarships at some of the world’s most prestigious universities.
The company has established a competitive program to provide financial assistance to students who are pursuing an undergraduate degree or equivalent in a STEM field (science, technology, engineering and math) at five premier institutions globally: Massachusetts Institute of Technology; University of Wisconsin-Madison; University of California-Berkeley; Imperial College London and Fudan University in Shanghai. These schools are also located in regions where Thermo Fisher has a significant presence.
“Thermo Fisher is dedicated to instilling a passion for STEM education in students who may one day be our employees, or our customers,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “By making education more accessible for some of the brightest young minds, we hope to have a positive impact on industries that are using science to improve healthcare, the environment and public safety.”
The STEM Scholarship Program will provide funding to 44 students annually. The company intends to grow the program to full maturity in four years with 164 students.Eligible students must be admitted to one of the five institutions, where they would expect to complete a bachelor’s degree, or equivalent. Applicants are required to demonstrate strong academic skills along with a focus in a STEM-related discipline and a commitment to community involvement. Scholarships will be renewable for up to four years, pending academic achievement and continued full-time enrollment in an approved field of study. As the world leader in serving science, Thermo Fisher Scientific promotes science education by supporting initiatives that inspire students to pursue studies in STEM fields. The new scholarship program is part of its overall multimillion-dollar commitment to STEM education, including support of the Mass Math + Science Initiative, the Pittsburgh Promise, The Life Sciences Foundation and numerous activities through its Community Action Councils worldwide. Further details on Thermo Fisher’s corporate social responsibility program can be found in the company’s latest report, available at www.thermofisher.com/csr. Students interested in learning more about the Thermo Fisher Scientific STEM Scholarship should contact the respective school’s financial aid office. Administration and management of the program varies at each school.