The Gates Millennium Scholars (GMS) Scholarship 2010

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The Gates Millennium Scholars Program (GMS), funded by a grant from the Bill & Melinda Gates Foundation, was established in 1999 to provide outstanding, low income African American, American Indian/Alaska Native, Asian Pacific Islander American*, and Hispanic American students with an opportunity to complete an undergraduate college education in any discipline area of interest. Continuing Gates Millennium Scholars may request funding for a graduate degree program in one of the following discipline areas: computer science, education, engineering, library science, mathematics, public health or science. The goal of GMS is to promote academic excellence by providing thousands of outstanding students, who have significant financial need, the opportunity to reach their full potential.

The GMS program offers leadership development programs with distinctive personal, academic and professional growth opportunities including mentoring services and an online resource center that provides up-to-date information on internship, fellowship and scholarship opportunities, as well as graduate and post-graduate resources and conferences.

The Gates Millennium Scholars 2010 Nomination Process has launched.
The submission deadline is January 11, 2010 (11:59 p.m. EST).

For more information on the eligibilities and application procedures, click on the link below:
The Gates Millennium Scholars (GMS) Scholarship 2010 Online Nominations

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Money is money, but not all deals will leave you or your country in a better shape afterward.  Like with other criminals, it is common to spread money around locally to encourage locals to turn a blind eye to the problems. 

Here is one set of resources on the 'foundation' and its activities:
Gates Foundation Critique - Techrights
There are others as well that focus on other aspects, but no less critical.

But to focus on technology, one critique, of many, is that the foundation applies pressure to prevent countries from gaining or maintaining technological independence.  Many regions that are the targets of this fund were  colonies and only recently gained independence, others followed independence through increasingly unstable and turbulent times as former colonial powers continued to exert influence.  So take the money collected by decades of crime and help (re-)establish a new era of digital colonialism or find a source of clean money.

Faust was of unusually strong will and mettle.  Most lesser individuals will lose that same bet.