Global technology major Hewlett-Packard (HP) plans to invest $1 million to support innovative initiatives in science, math and technology education among students and teachers in India.

The company announced its contribution to the newly set up Education Innovation Challenge Fund for India, led by a consortium of educational institutions here.

Making this announcement on the sidelines of the HP Catalyst Summit, Ms Jeannette Weisschuh, Director of Global Education Programmes, HP, said the company was committed to empowering students and teachers with technology, such as effective use of tablet PCs, cloud computing in education and converting textbooks into social media platforms for discussions and assessments.

The fund, which will be operationalised in August 2011, will grant aid to public and not-for-profit educational institutions.

Among the fund's advisors are Mr Madhav Chavan, CEO and President of Pratham Education Foundation; Mr Ashok Kamath, Chairman, Akshara Foundation; and Mr Sridhar Rajagopalan, Mananging Director of Education Initiatives.

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