€125,000 invested in engineering scholarship programme

The Scholarship Fund is being established in memory of the late Hank Krabbe, the founding managing director of Analog Devices in Limerick. Ray Stata, co-founder and chairman of Analog Devices, explained that the investment was to encourage young people to select electronic engineering as a rewarding career choice. He said: "Our new partnership with UL builds on our existing commitment to the BT Young Scientist and Technology Exhibition and on the Eamon Dillon bursary that is up and running with CBS here in Limerick. We strongly believe that a sufficient pool of talented graduates in the areas of science and engineering is vital if Ireland is to truly become a Smart Economy." Prof Don Barry, president of the University of Limerick, added: "At the University of Limerick we continually strive to improve and enhance the education that our students can achieve here. Scholarships of this nature can have a significant impact on the student body and we are very grateful for ADI's continued support and long term friendship and association with our institution." The Analog Devices scholarship will be awarded to the top student after 1st year in electronic engineering annually for the next four years, while the Hank Krabbe medal will be accompanied by a cheque of €5,000 and a €7,000 payment, which will be made prior to beginning Year two, three and four.