Formula 1 extends Engineering Scholarship programme to 2025
Baku, February 9, AZERTAC
Formula 1 has announced that it will extend its funding commitment to the Formula 1 Engineering Scholarship programme for underrepresented groups until 2025, continuing its drive to increase diversity within the sport.
The Formula 1 Engineering Scholarships were launched last year, following a US$1 million donation from Non-Executive Chairman of Formula 1 Chase Carey. The programme has so far successfully supported 10 students, who have begun placements in their undergraduate and postgraduate engineering degrees at leading universities in the UK and Italy.
Each scholarship covers the full cost of a student’s tuition, together with living expenses, for the full duration of their degree. The programme will now be extended for a further four years, enabling scholarships to be offered to 10 more students each year from 2022 to 2025 inclusive.
“We are committed to increasing diversity and opportunity within this incredible sport,” said Formula 1’s President and CEO Stefano Domenicali, “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.
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