June 9, 2017
How are applications assessed?
A selection committee made up of three to five Foundation board appointed members will
review all applications. This committee will include
individuals with expertise from academia and the capital markets
Factors which will be considered by the Selection Committee may include:
- Academic achievement.
- Evidence of other research.
- Applicant displays good understanding of purpose and relevance
of outcome to current economic or social issues.
- Demonstrated commitment to excellence.
- Demonstrated support by university.
Notification of applicants
Successful applicants will be notified after September.
Disbursement of funds
The first payment of 50% of the award will be paid at a date that is agreed upon with the successful
All payments will be made to the successful applicant's university.
Students are required to pursue the course of study outlined in
the application form in accordance with the university he/she is
If a student elects to withdraw from the course of study before
completion, the Foundation may expect repayment of all or a portion of the
funds that have been received.
Students are required to provide progress reports every six months.
Agreement (including declaration and signatures)
Awards will be made by way of an agreement between the university,
student and the Foundation.
Suspension and termination
The Foundation may agree to suspend an award in such circumstances
as: illness, parental leave and compassionate leave. In such event
where suspension is granted an agreement will be reached between
the student, Foundation and university regarding recommencement of study
and scholarship payment.
The Foundation may terminate an award in such circumstances as:
- Student does not comply with the conditions.
- Student fails to pursue the agreed program of study and/or
- The university is not satisfied that the student is able to
carry out the agreed course of study or research.
The Foundation accepts no liability for the manner in which work in connection
with the research is undertaken. The student will be responsible
for the work and the consequences of it.
Intellectual property rights
The Foundation will make no claim to ownership, or control of any intellectual
property rights arising from, or in association with the program
of research undertaken.
It is the responsibility of the university, attended by the student,
to negotiate any necessary agreement regarding intellectual property.
Reporting, dissemination and acknowledgement
Progress reports in a format agreeable to their supervisor must be submitted by the student every
The Foundation retains the right to publish the recipients' names and nature
of research in all activities and/or published material it may prepare.