Bybit scholarships are encouraging fintech and blockchain courses at AUS, integrating academia with industry demands in the UAE’s digital economy.
By awarding scholarships to 38 deserving students at the American University of Sharjah (AUS), the cryptocurrency exchange Bybit continues to encourage the adoption and education of cryptocurrencies in the United Arab Emirates.
Bybit’s scholarship intends to stimulate and support studies and research in the fintech and blockchain industries following the announcement of its cooperation with AUS in June 2023. The AUS-Bybit Fund Scholarship has an AED 1,000,000 funding pool overall. In accordance with their academic position, grade point average, and necessity, it decided which applicants would participate.
“AUS is mindful of its important role in producing professionals who possess the skills and technical knowledge that allow them to grow in dynamic markets and evolving industries,” said Dr. Fadi Aloul, dean of the college of engineering at AUS. “As a centre of excellence and research and a catalyst for change, AUS is aware of its important role in producing professionals who possess the skills and technical knowledge that allow them to grow in dynamic markets and evolving industries.”
“We also think it’s crucial to collaborate closely with our business partners in order to meet their demands and close any gaps between academics and industry. Our collaboration with Bybit and the creation of the AUS-Bybit Fund Scholarship will give our students more opportunities in the fintech and blockchain sectors in an ever-expanding digital world.
Paying for tuition and promoting education
The scholarship will pay for 25% of the cost of tuition for the spring and fall semesters of 2024. Among the recipients are 29 currently enrolled students, who will all have their tuition fees reduced by 25%. Nine new first-time students will also each have their tuition fees reduced by 25%. Computer science and engineering are the two most popular majors among the chosen students.
Ben Zhou, co-founder and CEO of Bybit, said, “We could not be more thrilled to finalize details of our scholarship fund to support bright minds at AUS.” “AUS and Bybit have fostered a shared goal of empowering the subsequent wave of blockchain and fintech pioneers.
“The 38 awardees’ pioneering enthusiasm makes me think back to my own beginnings. I’m hoping that this grant will help them on their explorations and inspire a wave of innovation in the UAE that will influence the development of digital assets around the world.
Additionally, Bybit is providing AED 100,000 to finance the inaugural AUS-Bybit Inter-College Hackathon for current university students in the UAE ecosystem with the theme Artificial Intelligence in Crypto. In November, the hackathon will take place at the AUS College of Engineering.