<p>Ansys, (NASDAQ: ANSS), the global leader and innovator of engineering simulation software, today announced its partnership with the Indian Institute of Technology Bombay (IIT Bombay) to fund M. Tech. students undertaking projects in socially relevant domains. This CSR initiative of Ansys is set to accelerate groundbreaking research in socially relevant forms of technology including the enhancement of education, healthcare, helping the cause of the environment and other socially relevant aspects addressed directly or indirectly by the use of technology. These scholarships are particularly aimed to benefit meritorious students who are from underprivileged backgrounds or are women students.</p><p>Starting from the academic year 2021-22, Ansys will sponsor the two-year program for M.Tech. students each year for three years. Selected students undertaking M. Tech. at IIT Bombay will benefit from this scholarship. Speaking about the initiative, Mr. Rafiq Somani,<strong> </strong>Area Vice President - India and South Asia Pacific, Ansys, said, “Ansys has a long-standing association with IITs and we have always believed and been committed to the combined power of technology and education. The future of any industry undoubtedly depends on technology and that is why research is crucial. With these Fellowship Awards, we, at Ansys, hope to provide these great minds of India, a much needed fast-track to technology research that focuses on healthcare, education and the environment. We are eagerly looking forward to the outcomes of the research that will surely provide some radical solutions in these socially relevant domains”.</p><p>Dr. Suhas Joshi, Professor and Dean, Alumni and Corporate Relations, IIT Bombay, said, “IIT Bombay has made serious efforts towards promoting diversity in its student body over the last few years. After the Ph.D. fellowships instituted by Ansys in 2019, we are delighted to once again collaborate to support our M. Tech. students who come from underprivileged backgrounds or are women. Much like the change impacted by the Ph.D. fellowships, these fellowships will change the lives of deserving students as well. We are hopeful of developing an even deeper relationship with Ansys and work to give back to society in bigger and better ways”.</p><p>Ansys’ Fellowship Awards for the M. Tech. students come after a similar research fellowship was established in 2019 by Ansys at IIT Bombay to benefit PhD students. With an aim to accelerate education, healthcare, environmental sustainability, conservation of resources and technology research with an underlying social impact, these fellowships would be awarded to women students or students from underprivileged backgrounds.</p>