Infosys and the Institute for Advanced Study on Monday announced a new endowment fund that will be used to support visiting scientists and scholars advance their research at the institute in Princeton, New Jersey, US.

The Infosys Fund has been created following a donation of $2 million by Infosys to the institute and will be used to support two scholars across the institute’s four schools each year.

Supporting research

Visiting scientists and scholars at the institute, known as “members,” are at the heart of the institute’s mission to support curiosity-driven research in the sciences and humanities and are selected from the world’s leading universities and research institutions.

The members will receive support related to all aspects of the academic appointment and community life, unencumbered by teaching and administrative obligations.  Infosys has a longstanding connection with the institute through the Infosys Prize, which has recognised several of its former visiting scientists in the subject of mathematical sciences.

 “At Infosys, we believe that people, when amplified by technology, knowledge, imagination and an enriching ecosystem, can achieve incredible things. This is the beginning of a human revolution, and institutions like IAS have long served to accelerate it. By mentoring visiting scholars, in both academic and practical terms, the IAS has created yet another avenue to produce advances in knowledge that can change the way we work and live — with wide-ranging impact on global development,” said Vishal Sikka, CEO and MD.

CSR initiative

 Infosys has pledged $42 million in the current fiscal towards corporate social responsibility initiatives through the Infosys Foundation, its philanthropic arm.  

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