Altair Establishes $1 Million Altair #OnlyForward Scholarship at Columbia University

Rhea-AI Summary

Altair (Nasdaq: ALTR) has launched the Altair #OnlyForward Scholarship at Columbia University's School of Engineering to support 10 undergraduate students pursuing STEM-related degrees. Each recipient will receive $25,000 annually for up to four years, totaling $1 million. This initiative is aimed at students from minority communities, particularly those demonstrating leadership in support of African American and Latino groups, as well as those who are socioeconomically disadvantaged. The first cohort of scholarship recipients will be announced in fall 2023. Altair's CEO, James R. Scapa, emphasized the company's commitment to diversity as crucial to its success.

Positive

• Establishment of the Altair #OnlyForward Scholarship with a total value of $1 million.
• Supports diversity by aiding underrepresented students in STEM fields.
• Enhances Altair's brand image and community engagement.

Negative

• None.

Scholarship will be awarded to 10 undergraduate students pursuing STEM-related degrees and who have demonstrated leadership in or support for minority communities

TROY, Mich., April 11, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) has established the Altair #OnlyForward Scholarship at Columbia University's School of Engineering and Applied Science. The scholarship will award 10 students pursuing a four-year engineering or STEM-related undergraduate degree with $25,000 annually, which they will receive each year of their undergraduate studies until graduation.

"Sponsoring these life-changing scholarships is an honor for Altair," said James R. Scapa, founder and chief executive officer, Altair. "Throughout our history we have always prioritized diversity, as it is a foundational pillar of our culture and thereby our success. The Altair #OnlyForward Scholarship was established to celebrate and develop the next generation of diverse, world-class talent that will impact our world for years to come."

"This scholarship is an amazing contribution with the potential to change the lives of our students," said Shih-Fu Chang, dean of Columbia Engineering. "This scholarship will empower our students to make remarkable achievements in the classroom and lab, in the community, and beyond. We are extremely grateful to Altair for generously supporting education and opening doors for underrepresented students in engineering and applied science at Columbia."

The Altair #OnlyForward Scholarship is designed to assist incoming/first-year students pursuing an undergraduate degree in engineering and applied science, and who have demonstrated leadership in or support for the African American and/or Latino community. Additionally, the scholarship aims to support students who are socioeconomically disadvantaged, have worked and/or lived in diverse environments, and have demonstrated experience in or commitment to working with historically underserved, underrepresented, or underprivileged populations. Ideally, the scholarship will benefit first-generation college students.

Columbia Engineering will select and announce the first cohort of scholarship recipients in the fall of 2023.

About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.

About Columbia Engineering

Since 1864, the Fu Foundation School of Engineering and Applied Science at Columbia University has been a resource to the world for major advances in human progress. Today, Columbia Engineering is the top engineering school in the Ivy League and New York City. As a nexus for high-impact research, the school convenes more than 250 faculty members and more than 6,000 undergraduate and graduate students from around the globe to push the frontiers of knowledge and solve humanity's most pressing problems.

Media contacts
Altair Corporate	Altair Investor Relations
Jennifer Ristic	Monica Gould, The Blueshirt Group
+1.216.849.3109	+1 212.871.3927
corp-newsroom@altair.com	ir@altair.com
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
emea-newsroom@altair.com
Columbia Engineering
Holly Evarts
+1.347.453.7408 (c) | +1.212.854.3206 (o)
holly.evarts@columbia.edu

 

   

View original content to download multimedia:https://www.prnewswire.com/news-releases/altair-establishes-1-million-altair-onlyforward-scholarship-at-columbia-university-301793236.html

SOURCE Altair

FAQ

What is the Altair #OnlyForward Scholarship?

The Altair #OnlyForward Scholarship is a program that awards $25,000 annually to 10 undergraduate students pursuing STEM degrees at Columbia University.

Who is eligible for the Altair #OnlyForward Scholarship?

Eligibility includes first-year undergraduate students from diverse backgrounds, particularly those demonstrating leadership in support of African American and Latino communities.

When will the first scholarship recipients be announced?

The first cohort of scholarship recipients will be announced in fall 2023.

How much funding does each scholarship provide?

Each scholarship provides $25,000 annually for up to four years, totaling $100,000 per recipient.

What company established the Altair #OnlyForward Scholarship?

The scholarship was established by Altair, a leader in computational science and artificial intelligence.