New $50M Fellowship Program Launches to Support Global STEM Scholars

The Global STEM Fellowship Initiative announced a $50 million fund today to support graduate students in science, technology, engineering, and mathematics fields. Starting this fall, the program will award 500 fellowships annually to candidates from over 40 countries, focusing on underrepresented groups in STEM disciplines. According to Reuters, the fellowship covers tuition, research expenses, and a living stipend for up to three years. The initiative aims to foster innovation and diversity in STEM by providing financial aid and mentorship opportunities. Applications open on April 1, with a deadline of June 30. The program is backed by major tech firms and international universities to nurture future leaders in science and technology.