14 students and researchers at the University of Iceland are heading to Japan for study and research work and 10 students and researchers from Japanese universities are coming to Iceland for the same purpose. These people are all recipients of grants from the Watanabe Trust Fund at University of Iceland, which was established to foster academic links between Iceland and Japan. This year has seen a record number of grants allocated from the Fund, which is based on one of the largest individual donations ever made to the University of Iceland.
The grants awarded from the Watanabe Trust Fund were announced in the University of Iceland Aula on Tuesday 21 May. Toshizo Watanabe, the founder of the Fund, was present. A total of 66 students and researchers have received grants from the Fund since the first allocations in 2011 and now 24 new recipients join that group, which is a record. This was made possible by a handsome donation of USD 2 million to the Fund from Toshizo Watanabe last year, bringing the capital up to USD 5 million, the equivalent of ISK 600 million.
As previously stated, the Watanabe Trust Fund is intended to foster academic links between Iceland and Japan and has provided students at the University of Iceland with the opportunity to study at Japanese universities as well as enabled Japanese students to apply to study at the University of Iceland. The Fund has also supported academics at UI to travel and conduct research in Japan and vice versa, thereby encouraging increased research collaboration between Iceland and Japan in various fields.
The total funding allocated this year is ISK 12 million.