What is Ph.D. funding? : A Ph.D. funding or scholarship is usually a full-funding package, it covers fees and living expenses (other expenses). Ph.D. funding or scholarships are sometimes associated with specific projects, but getting the Ph.D. funding or scholarship needed to complete a Ph.D. is not an impossible task. To encourage students to do high-level research in their field of study, various government and private institutions/companies offer Ph.D. funding or scholarships. These funding or scholarships help students complete their research and dissertation.
Why do companies fund Ph.D. scholars ?: Innovations in any business have become very important in this age of changing and rapidly evolving technology. Because traditionally run businesses and their practices are slowly becoming obsolete. So there is no alternative without innovation and research. Therefore, companies attach great importance to research. If there is a resemblance between a gifted student seeking a Ph.D. and the company’s field of work and the company’s intellectual property is to benefit the company in the future, the company provides full funding or scholarships for those students to pursue a Ph.D. from any international university. It costs around Rs 20 lakh to Rs 30 lakh to get a Ph.D. from an international university. All these expenses are borne by the companies. The research done by the students while doing a Ph.D. is used to bring new products to the company and the company hires such students to work with you further. Governments in India, as well as many government and private institutions, provide funding or scholarships to Indian students. E.g. An example of this is the National Center for Biological Sciences (NCBS) which grants independent researchers, including Ph.D. students.
How to avail Ph.D. funding? : First of all, it is necessary to find a company that knows the importance of a Ph.D. If you are already working in a company, check their policies regarding funding higher and advanced education. The best thing is if they have a policy that promotes Ph.D. education. Next, you need to be able to convince them that if you fund your Ph.D., the company’s investment of 3 to 5 years and the funding/scholarship will be beneficial to the company. This is a difficult matter, but not impossible. After doing a Ph.D. you can be useful as an expert for the source of innovation for the company and their subject matter. You need to be able to convince the company why you want to do a Ph.D. and how it will benefit the company, their products, their processes, or their procedures.
How do you benefit from a fully-funded Ph.D.?: A company-funded Ph.D. provides an opportunity to continue your research in a real business environment, develop excellent skills and provide you with a wealth of experience. This means that a Ph.D. is beneficial for your personal and professional development. There is also a huge demand for highly educated and skilled professionals with PhDs to promote innovation in the industry as well as sustainable high yields. The intellectual property of such students/employees is a resource of the company. In addition, through a Ph.D., you will have more career options than other candidates. Students pursuing PhDs funded by the company are required to pay a minimum of Rs. 25,000 / – stipend. After getting a Ph.D., they get a minimum salary of Rs. 50,000 / – per month. Experienced Ph.D. holders get a salary of Rs one lakh or more per month.
What can we do to help? : We help students who want to do Ph.D. funded by the company to get funding / scholarship-related companies for their subject, to suggest the subject. Need more information and guidance on this? Then, of course, contact us, we will help you. Take it one step further. Contact us for more information.
