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IE Foundation receives €2m scholarship boost

Private investment company Kistefos AS has pledged more than €2m to the IE Foundation to create the IE Kistefos Young Talented Leaders Scholarships Program, which will enable young talent from Norway and Africa to study at IE University.

Image: IE University

All scholarships will cover up to 100% of tuition fees

Over four years, the program will grant a total of 46 scholarships to candidates in Norway, South Africa, Liberia, and Ethiopia.

“Africa’s young population will soon become tomorrow’s leaders”

The Fellowships for Leading Norwegian Talent will include two scholarships for undergraduate studies and 20 scholarships for pre-experience masters and the Fellowships for Leading Africa Talent will include 24 scholarships for pre-experience masters for candidates.

All scholarships will cover up to 100% of tuition fees including living expenses and travel arrangements for the master programs.

Scholarship candidates must demonstrate academic and personal excellence, strong leadership capabilities, an entrepreneurial mindset, and a commitment to impacting their home countries upon graduation.

“For IE Foundation, this major gift is a testament to our desire at IE to ensure that all students have access to a transformative university experience that will help them forge their own paths and help bring about change for the better,” said Santiago Iñiguez, president of IE University.

For the past five years, IE has awarded approximately 15 million euros per year in scholarships to more than a total of 6,000 students from +150 countries.

The IE “Talent without Borders” scholarships program, of which the Kistefos Young Talented Leader Scholarships Program is the latest donor, aims to provide a wide range of scholarships and grants to individuals from diverse cultural and socioeconomic backgrounds.

“Africa’s young population will soon become tomorrow’s leaders and in the coming years no other region in the world will have such high demand for management education which will drive sustained economic growth and innovation,” said Kistefos AS owner Christen Sveaas.

“These scholarships will help students from Ethiopia, Liberia, and South Africa develop the skills in technology, business and development which will enable them to have a meaningful impact in their countries upon graduation.”

“The scholarship fund sets out to attract Norwegian students who demonstrate high potential yet lack the financial resources that make an international education possible” added CEO of Kistefos AS, Bengt A. Rem.

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