Melbourne founding partner in $100 million scholarship program

April 14 / 133

The University has partnered with the Westpac Bicentennial Foundation to establish the largest private education scholarship program in Australian history.

The $100 million dollar fund launched in Sydney will provide about 100 scholarships every year in perpetuity from 2015.

The University will offer three of the five scholarships.  The programs are expected to be fully operational by 2017.

Deputy Provost and Deputy Vice-Chancellor (International) Professor Susan Elliott said the University welcomed the addition of the program to the Australian scholarship scene.  

“The University is thrilled to announce its founding partnership with Westpac Bicentennial Foundation and looks forward to working closely with Westpac to strengthen our existing programs on offer,” she said.

The scholarship programs at the University are:

Future Leaders: This scholarship will award new or recent graduates for post-graduate study at a prestigious global institution. Recipients will come from a wide range of disciplines, with preference given to Australia’s relationship with Asia and Technology and Innovation.

Best and Brightest: This will provide awards to post-doctoral researchers in Australia’s leading research universities.  Recipients will be selected based on their research work, which will focus on enhancing Australia’s competitive position in technology and innovation, or strengthening Australia’s ties with Asian economies. 

Asian Exchange: This will provide the opportunity for Australian undergraduate students to spend a semester at a leading Asian University, with a focus on increasing the number of Asia-literate graduates in Australia.

The launch of the Westpac Bicentennial Foundation was made by Westpac CEO Gail Kelly and Westpac Chairman Lindsay Maxsted, as part of the bank’s approaching 200th anniversary in 2017.

“Westpac Bicentennial Foundation is designed to support Australians who are shaping a better Australia, while also supporting and nurturing tomorrow’s leaders, and we are proud to be able to provide around 100 scholarships and awards each year,” Mr Maxsted said.

Westpac CEO Mrs Kelly emphasised the link between the new Foundation and Westpac’s long history of supporting communities.

“We strongly believe that as a vital part of the Australian community, Westpac has a responsibility to play a role in ensuring we capitalise on every opportunity to help nurture future leaders,” she said.

Information on all scholarships offered through Westpac Bicentennial Foundation can be found at www.westpac.com.au/200years

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