Universiti Teknologi Malaysia (UTM)’s Vice Chancellor, Prof. Datuk Dr. Zaini Ujang said that UTM has started an endowment fund collected from various parties and investment profits to be given to all UTM first year degree student in the coming year 2020. The fund so far has collected RM5.4 mil and they are planning to collect more this year through various programs such as book sponsor by UTM publisher, Professor Chair, Eternal Endowment Tower, golf tournament and investment in financial and unit trust funds.
As the beginning, RM1 mil has been allocated as scholarship to 100 top students valued at RM10,000 per person for a year period starting semester 2011/2012. The students who registered in academic session of 2011/2012 are eligible to apply for the scholarships and whoever success will receive the scholarships until they graduated depending on their performance.
The receiver of the scholarships awards would not be bond by UTM and they are free to work with other organizations after their graduation.
for more info, please visit UTM websites at http://www.utm.my