Boston Scientific Announces Fellowship Grant
to University of Minnesota Foundation

Boston Scientific Corporation announced a $500,000 contribution to the University of Minnesota Foundation to fund the creation of a Boston Scientific Biomedical Engineering Fellowship Fund. The fund will help support new full-time graduate students in the Department of Biomedical Engineering, a department within the university's Institute of Technology.

"Boston Scientific is committed to supporting the development of tomorrow's scientists, engineers and mathematicians," said Fred Colen, Boston Scientific executive vice president and chief technology officer. "These same students might someday develop medical technologies that could help save or improve the lives of patients around the globe."

The contribution, which will be spread over five years, is a lead gift in a campaign to create an endowment designed to support the entire class of first-year biomedical engineering graduate students each fall. About a third of the contribution will be used immediately for graduate fellowships, while the remainder will be placed in an endowment to earn interest and fund fellowships over time.

"This gift from Boston Scientific is a critical first step in our goal to continue to attract the best and brightest biomedical engineering students to the University of Minnesota," said Bob Tranquillo, head of the Department of Biomedical Engineering. "Graduate students are a vital part of the engine that drives our research. By offering fellowship support up front, we can attract top-notch students who will continue the university's legacy of breakthrough research in the medical device industry and help chart the frontiers of biomedical engineering."

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