Infosys Technologies Ltd. (Infosys) today announced that it has set up 'Infosys Science Foundation,' a not-for-profit trust to promote research in sciences in India. Under the aegis of the foundation, Infosys will honor outstanding contributions and achievements by Indians across various sciences. The annual award for each category is INR 50 lakh. The Infosys Science Foundation will be funded by a corpus of INR 21.5 crore contributed by Infosys executive board members and an annual grant from Infosys Technologies Ltd. The 'Infosys Prize' categories include Physical Sciences (Physics and Chemistry); Mathematical Sciences (Mathematics and Statistics); Engineering Sciences (All branches of Engineering); Life Sciences (Biology and Medicine); and Social Sciences and Economics (Economics, History, Sociology, Political Sciences and other Social Sciences).
The jury panel for each area will consist of eminent international personalities in each area selected by the trustees of the foundation. Announcing the award, N. R. Narayana Murthy, Chief Mentor and Chairman of the Board, Infosys Technologies Ltd. said, 'India needs bright minds across all areas of academics, government, business and society to strive for global excellence. We need to encourage research in India to address our developmental problems. This award will honor outstanding researchers who will make a difference to India's future.'