Infosys sets up a science foundation in BangaloreFebruary 17th, 2009 - 9:21 pm ICT by ANI
Bangalore, Feb 17 (ANI): IT major Infosys Technologies on Tuesday announced that it has set up a fund Infosys Science Foundation, for awarding outstanding achievements in various fields.
This foundation would be funded by a corpus of 210.5 million rupees, contributed by the firm’’s board members and an annual grant from Infosys Technologies Limited.
The trust would honour an annual award of five million rupees to the countrymen for their exceptional contribution in the arena of physical and mathematical sciences, engineering, life science and social sciences and economics.
The award is the largest one in the history of India and a jury of five eminent international personalities and academic experts in each discipline will choose five top awardees.
Addressing reporters here, Infosys founder N. R. Narayana Murthy said the aim was to focus on higher education.
Focus on higher education is extremely important because we do not know about any country in the world, which has succeeded in solving the problem of its people, even the basic issues without a sound higher education system, Murthy said.
Murthy also added that India needs bright minds in all areas of academics, government, business and society to strive for global excellence.
Conceptualized in 1981 by seven people with 250 dollars, Infosys is a global leader in IT industry today, and offers a wide spectrum of IT and consulting services with revenues of over 4 billion dollars. (ANI)
- Kalam awards Infosys prizes to six noted scientists - Jan 09, 2012
- Bangalore professor among six Infosys' Prize winners - Nov 16, 2011
- Six achievers in science bag Infosys Prize - Oct 25, 2010
- Infosys' Murthy pitches for Indians to study in Japan - Feb 27, 2012
- Infosys to award five top Indian scientists Rs.5 mn each - Feb 17, 2009
- Kaushik Basu to head Infosys' science prize jury - Apr 10, 2012
- US varsity honours Narayana Murthy - May 16, 2012
- Awards liberate creativity from economic, social handicaps: PM (Lead) - Jan 06, 2011
- 'Amitabh has made inestimable contribution to global cinema' - Oct 20, 2011
- 5 Indian scientists, experts win Infosys prizes for research - Nov 30, 2009
- Infosys' Murthy wants budget to turbo-charge economy - Feb 27, 2012
- Research culture crying need of India: Kalam - Jan 10, 2012
- Global financial recovery may be slow: Narayana Murthy - Jun 13, 2010
- NALCO to sponsor tribal kids' education - Sep 07, 2011
- Govt. giving special emphasis on assistance to economically disadvantaged groups: PM - Jan 06, 2011
Tags: academic experts, billion dollars, business and society, countrymen, education focus, global excellence, global leader, government business, higher education system, history of india, infosys technologies limited, international personalities, life science, mathematical sciences, n r narayana murthy, narayana murthy, rupees, s board, science foundation, sciences engineering