Bybit-AUS sponsorship fund: Here’s how 38 bright students will benefit

Crypto exchange Bybit has awarded scholarships to high-achieving students at the American University of Sharjah (AUS) as part of its continued commitment to supporting education and crypto adoption in the UAE.

This is the second announcement following Bybit’s partnership with AUS, announced in June this year.

Read: American University of Sharjah, Bybit establish new scholarship fund

The scholarship aims to support deserving students and encourage their studies and research in the fintech and blockchain fields.

After reviewing applications based on the student’s academic standing, grade point average, and need, a total of 38 recipients have been selected for the AUS-Bybit Fund Scholarship, which has a total funding pool of Dhs1m.

The scholarship will cover 25 per cent of tuition fees for both the Fall 2023 and Spring 2024 semesters.

Recipients include 29 currently enrolled students and nine new first-time students who will each receive a 25 per cent tuition reduction. The selected students mainly major in computer engineering and computer science.

“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. We also believe in the importance of working closely with our industry partners to meet their needs and bridge any gaps between academia and businesses.

“The establishment of the AUS-Bybit Fund Scholarship will empower our students in the fintech and blockchain fields in a digital world that is constantly growing,” said Dr Fadi Aloul, Dean of the College of Engineering at AUS.

Bybit aims to fuel innovation through the fund

“We could not be more thrilled to finalise details of our scholarship fund to support bright minds at AUS,” said Ben Zhou, co-founder and CEO of Bybit. “The trailblazing spirit of the 38 recipients reminds me of my own beginnings. I hope this fund can fuel their journeys of discovery and unleash a wave of innovation from the UAE that will shape the future of digital assets globally.”

The company is also contributing an additional Dhs100,000 to sponsor the first AUS-Bybit Inter-College Hackathon themed ‘Artificial Intelligence in Crypto’ for current university students in the UAE ecosystem.

The hackathon will be held at the AUS College of Engineering in November.