Formula One extends engineering scholarship to 2025
8th February 2022Credit: Formula One
Formula One announced today that it will be extending its engineering scholarship programme for underrepresented groups until 2025.
The initiative initially started last year, when the sport received $1 million donation from Non-Executive Chairman of F1, Chase Carey.
It has been reported the programme has been successful in its short time.
10 students, who were involved in the initiative, have gone onto secure placements in undergraduate and postgraduate degrees at leading universities in the United Kingdom & Italy.
In a press release, President and CEO of Formula One, Stefano Domenicali said:
“We are committed to increasing diversity and opportunity within this incredible sport and I am pleased to confirm that we will be expanding our programme for scholars until 2025, providing fantastic opportunity for some incredibly talented students to begin their journeys with Formula 1.
“We want to continue to ensure that talent from underrepresented groups has meaningful opportunities, with the first ten scholars already beginning their studies following Chase’s incredible donation to fund the scholars in their first year.
“We want to continue and build on the foundations of the programme in the years ahead.”
Each scholarship given will cover the full tuition of the selected student, including living expenses, during their time at university.
In part of improving a more diverse future in motorsports, F1 will offer a range of apprenticeships and internships across the organisation.
That’s it for the article: Formula One extends engineering scholarship to 2025! What do you think of the initiative? Let us know in the comments!
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