Bybit, a cryptocurrency exchange, provides scholarships of AED 1 million to aspiring tech leaders

Bybit has recently granted scholarships to 38 high-achieving students at the American University of Sharjah (AUS) as part of its ongoing commitment to advancing education and fostering cryptocurrency adoption in the UAE. This announcement marks the second phase of Bybit's collaboration with AUS, which was initially unveiled in June of the current year. The primary goal of these scholarships is to provide support to deserving students, enabling them to access the quality education they merit and encouraging their endeavours and research in the realms of fintech and blockchain. Following a meticulous evaluation of applications, considering factors such as academic performance, grade point averages, and financial need, a total of 38 students have been selected as recipients of the AUS-Bybit Fund Scholarship, which boasts a substantial funding pool of AED 1 million.

The scholarship covers 25 per cent of tuition fees for the Fall 2023 and Spring 2024 semesters. Out of the recipients, 29 are presently enrolled students benefitting from a 25 per cent reduction in tuition fees, while 9 are new first-time students also receiving the same tuition reduction. These students primarily specialize in computer engineering and computer science.

Dr. Fadi Aloul, Dean of the College of Engineering at AUS, underscored the university's role in cultivating skilled professionals and bridging the gap between academia and industry through partnerships like the one with Bybit. “As a centre of excellence and research and a catalyst for change, 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,” he said. “Our partnership with Bybit and 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.”

Ben Zhou, co-founder and CEO of Bybit, expressed his enthusiasm for supporting bright minds at AUS and nurturing a shared vision for the future of the fintech and blockchain industry.

“We are also honoured that over the past few months, AUS and Bybit have nurtured a shared vision of empowering the next generation of fintech and blockchain pioneers. The trailblazing spirit of the 38 recipients reminds me of my 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,” added Zhou.

In addition to the scholarships, Bybit is contributing AED 100,000 to sponsor the inaugural AUS-Bybit Inter-College Hackathon, focusing on Artificial Intelligence in Crypto. This hackathon is scheduled to take place at the AUS College of Engineering in November and is open to current university students within the UAE ecosystem.