February 28, 2013

Alcoa Russia and Alcoa Foundation Continue Technical Education Program

Moscow, Samara, Rostov-on-Don – Alcoa Russia and Alcoa Foundation announced a competition for Alcoa Foundation scholarships and development stipends for students and young faculty as part of the Technical Education Program for technical universities and technical colleges in Alcoa Russia locations. In this program, Alcoa Russia and Alcoa Foundation partnered with three leading universities – Samara State Aerospace University (SGAU), Donskoy State Technical University (DGTU) in Rostov-on-Don and Moscow Steel and Alloy Institute (MISiS), the Metallurgical College in Samara and the Polytechnic School in Belaya Kalitva, Rostov region. Alcoa Foundation scholarships and development stipends are intended to help provide basic living expenses, allowing students and young faculty to concentrate full time on their studies and work. This year,  50 scholarships for students and 13 development stipends for young faculty members will be awarded at the engineering departments of the partner universities, 20 scholarships will be awarded to students at the participating colleges.

As another important component of this program, SGAU and DGTU will be donated equipment to modernize their lecture rooms and laboratories. 

Alcoa Foundation Technical Education Support Program was launched in 2006, soon after Alcoa completed the acquisition of two plants in Samara and Belaya Kalitva. The program is in line with Alcoa Foundation global themes which are Education and Environment. With this program Alcoa Russia seeks to contribute to  higher prestige of the technical education, to create additional incentives for students, to help the partner universities retain their best young faculty.
A selection committee was established in each of the partner universities to include top professors, representatives of Alcoa Russia, local authorities and public figures. The committees are responsible for the selection process and advise Alcoa Russia on ways to improve this Program in the future. During the selection process, students are evaluated based on their exam scores, research activities and answers to a questionnaire related to their profession. Young faculty members are evaluated based on their individual development plans to be fulfilled within approximately one year. The award ceremonies for the winners in the competition are held in April.

Maxim Smirnov, President Alcoa Russia: "The role of high-level technical experts in raising the competitive level of the industry is becoming the most important factor. This emphasizes the importance of the technical education program which has been implemented by Alcoa Russia and Alcoa Foundation for years. It is important to have more and more specialists working  in the industry, and schools to maintain a high teaching level. These are the primary goals our company sets for this program".

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US$460 million. Founded 60 years ago, Alcoa Foundation has invested more than US$570 million since 1952. In 2012, Alcoa Foundation contributed more than US$21 million to nonprofit organizations throughout the world, building innovative partnerships to improve the environment and educate tomorrow’s leaders for careers in manufacturing and engineering. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers who share their talents and time to make a difference in the communities where Alcoa operates. Through the Company’s signature Month of Service program, in 2012, a record 60 percent of Alcoa employees took part in more than 1,050 events across 24 countries, benefiting more than 450,000 people and 2,050 nonprofit organizations. For more information, visit www.alcoafoundation.com and follow @AlcoaFoundation on Twitter.