Fifteen of the Best VU First-Year Students Awarded €3,000 Teltonika Scholarships

The most outstanding first-year students of Vilnius University (VU) studying information technology and engineering have been awarded annual scholarships worth €3000. They were presented to the fifteen best students of the Faculties of Physics, Kaunas and Šiauliai Academy by Simas Rutkauskas, CEO of UAB Teltonika EMS, and Julius Purlys, Head of VšĮ Teltonika High-Tech Hill. The total amount of special company scholarships for VU students amounts to €45,000 per year.

“Cooperation with Lithuania’s most advanced businesses is of paramount importance to the University. It allows us to motivate our talented students and develop activities that sometimes lack funding. In a broader context, this cooperation also strengthens society and the state, so I invite other businesses to join in and support universities and the ideas they generate,” said VU Rector Prof. Rimvydas Petrauskas.

Through its incentive scholarships, the high-tech company Teltonika aims to motivate young talents interested in engineering.

“Lithuania already has a shortage of engineers and technology experts, and trends show that the shortage will be even worse in the future. That’s why we want to encourage young talents to enter the world of technology and choose engineering as a career by setting up the Teltonika Scholarship Programme, which allocates €1.5 million over five years for scholarships to first-year students. This is the largest privately initiated scholarship programme in Lithuania, which we hope will further motivate young talents to pursue their goals in their chosen field of study,” says CEO of UAB Teltonika EMS S. Rutkauskas.

Scholarships are paid to the best-performing first-year students within the first 10 months of study. There is a monthly allowance of €300 per student. The company’s special scholarships have been awarded to first-year technology and engineering students for the second year in a row.

In the spring of last year, VU and UAB Teltonika IoT Group signed a cooperation agreement aimed at developing cooperation between science and business and improving the quality of studies at VU in the field of high technology. Cooperation is also envisaged in the field of science, a joint VU and Teltonika research laboratory has been established at the Faculty of Physics.

Collaborative activities promote areas such as the Internet of Things, artificial intelligence, cloud computing, robotics, embedded systems, mobile ecosystems, telematics, network equipment, telemedicine, telecommunications, and electronics.