Scholarships

​Purpose

The Foundation’s purpose is to support research, education and development in natural, technical and economical sciences within the energy industry. To fulfil its purpose, the Foundation can grant scholarships, honorary awards or other such financial means to economically support actions relating to meeting its objective, and carry out communications and publication operations.  Scholarships spanning more than one year may also be given for clearly defined purposes as a fixed sum commitment.

Focus Areas

The Foundation’s focus areas within the energy industry are energy use and production as well as clean energy solutions for traffic and especially novel solutions for bioeconomy and circular economy and energy sector’s ITC. More detailed focus areas are set out in the following section. Please familiarize yourself with them before you fill out an application.

Focus Areas 2018

Focus Areas 2017

Focus Areas 2016

Focus Areas 2015

Focus Areas 2014

Focus Areas 2013

National Climate and Energy Strategy

Scholarship decisions

The Foundation’s Board of Directors makes the decision on the scholarships every year in June. The awardees will be personally informed after the decisions are made. Information about the decisions is sent to the awardees through the electronic application system and by e-mail, no later than the end of June. Information about ungranted scholarships will also be sent through the electronic application system.
Information on the scholarship decisions is not given per telephone. The decisions are final, and the Foundation will not discuss the grounds for the decisions.
The names of scolarship recipients will be published on the Foundation’s website by the end of August.

Application schedules

​Fortum Foundation’s annual cycle is:

April: a normal application round, for all types of scholarship. Decisions in June, payment of scholarships begins in August.  The next application period starts on Monday 1.4.2019 and ends on Friday 19.4.2019 at 16:00hrs EET. The deadline for submitting recommendations and separately requested additional details is Friday 26.4.2019 at 16:00hrs EET.

How to apply

The scolarships are applied through the electronic scolarship system, link to system in menu.

Types of scholarships

B1. Theses relating to undergraduate studies

A personal scholarship can be awarded for undergraduate studies (M.Sc. or similar) relating to the foundation’s operating field, carried out at a university or technical university in Finland.  The amount of the scholarship is EUR 4,000 – 8,000. The scholarship is paid in two instalments, the first instalment, EUR 6,000, is paid on the starting date of your choice, and the second instalment, EUR 2,000, is paid when you have presented proof of thesis and the approved completion of the degree in question to the Foundation.

B2. Post-graduate studies

A personal scholarship for graduate studies in Finland or abroad can be awarded if the work is in line with the Foundation’s objectives and the applicant has finished his/her undergraduate work, and the purpose of the graduate studies is to complete either a licentiate or a doctoral degree. The scholarship is meant for full-time post-graduate study. The annual scholarship amount for study taking place in Finland is EUR 18,000. For those carrying out post-graduate studies abroad, the post-graduate scholarship can also include travel and accommodation expenses in accordance with estimated costs presented in the application.

The Foundation can award a B2 scholarship for a maximum of three years for a licentiate degree and for a maximum of three years for a doctoral degree; by exception, the Board of the Foundation can grant continuation to the scolarship by one year at a time.

Post-graduate scholarships are paid once a month in instalments of EUR 1,500 over 12 months starting from the date of your choice. For multi-annual scholarships, a new payment year begins once the foundation has approved a report written by the recipient on the progress of the report. The post-graduate scholarship’s payment for the last two months (EUR 3,000) will be paid when you have presented a doctoral thesis and proof of the achievement of the academic degree which was the target of the studies. In addition to the annual EUR 18,000 basic scholarship, the applicant may also apply for a grant to cover other costs (e.g., travel and equipment). These other expenses are paid as a one-time instalment.

In connection with a scholarship for graduates (B2), it is possible to apply for a grant to cover general expenses caused to the institute allowing the use of the work site and equipment, the amount of which is a maximum of 20% of the approved personal scholarship.  A letter of permission for the work to be carried out at a certain institute, signed by the head of the institute in question, must be attached to the application. Money to cover overhead expenses is paid directly to the institute’s account in a single installment.

Recipients of B2 scholarships covering over 6 months can be granted additional money to cover sickness, accident and life insurance (c. EUR 219 /year). Insurance protection can be applied for with the attached application form (below). Also read the attached insurance cover letter.

Application Form for Additional Grant and Letter of Authorization

B3. Other personal scholarships

A personal scholarship paid in a single instalment for the implementation of an individual project related to the foundation’s industry. An individual project relating to the foundation’s industry could be, for example, a conference trip relating to the publication of research results. The amount of the scholarship is not limited in detail, but for undergraduate studies it is to be less than the amount of B1 scholarships, and for post-graduate studies it should be less than the amount of B2 scholarships. The same applicant may not simultaneously apply for more than one type of scholarship for the same work.

Application to the Energy Policy Research Group (EPRG), University of Cambridge

EPRG – Fortum Foundation scholarship shall be granted to one person who shall be either a doctoral student under process of writing his/hers doctoral thesis or post-gratuated PhD. The work should be within the focus areas of Fortum Foundation and also be interesting for EPRG. The maximum scholarship sum is 30.000 euros and it is granted for 12 months. The scholarship will be paid monthly. EPRG and Fortum Foundation will do a joint decision on the fellowship award. For more information about EPRG and its research activities please visit: http://www.eprg.group.cam.ac.uk/ EPRG’s visiting requirements can be found: http://www.eprg.group.cam.ac.uk/category/for-research-visitors/

Social security

​As the recipient is not in an employment relationship with the body issuing the scholarship, the scholarship does not entitle the recipient to social security provided by an employment relationship. The student must take care of his/her pension insurance payments, life- and sickness insurances as well as other liabilities towards the employer.  The amount of the scholarship exceeding the amount of the state’s artist grants, (ca EUR 20 309,40 annually (for 2013), is liable to taxation. MyEL application is available in www.mela.fi.

Recipients of grants or scholarships who live in Finland are obligated to insure themselves with the Farmers’ Social Insurance Institution if they work uninterruptedly for at least four months with a grant or scholarship awarded from Finland. In addition the scholarship should be at least equal to the minimal MYEL income level (1238,43 €) when converted into MYEL income (3715,29 €). The recipient’s pension security is defined based on the confirmed MYEL income, in the same way as an agricultural entrepreneur. Sickness Allowance is paid according MYEL. MYEL starts to pay allowance on 4 th working day after first sick day. In the case of an accident, allowance is paid from second sickness day if the inability to works continues more than three consecutive days.

It is also possible to work abroad using the scholarship, subject to certain conditions. The law concerning the application of social security law based on accommodation is to change so that those ensured with MYEL may remain covered by Finnish social security legislation for ten years while working abroad. If the person wants to have Finnish social security in abroad, please contact Finnish Centre for Pension (www.etk.fi) before leaving abroad. If you will stay outside EU / EEA, you should also contact The Social insurance Institute of Finland ( www.kela.fi). If you stay within Europe, it would be beneficial to get social security card, which enables healthy care within EU. More information in www.mela.fi.

The recipient is to pay on average 14% of the amount of the MYEL -insured scholarship in statutory insurance payments.

Obligations

​​The recipient attests that the information given in the scholarship application is correct and that s/he has not left any information requested unanswered. S/he commits to carrying out the project as presented in the application and to following the documented instructions on the Fortum Foundation’s internet webpages and also to inform the foundation without delay if the work financed by the scholarship is fully or partly terminated for one month or more or changed in relation to the submitted research plan. In such cases, payment of the scholarship will cease. If the interruption to work lasts for over a year, the share of the scholarship not paid because of the interruption will be cancelled. If the scholarship student does not submit a new notification of continuation of the work, the scholarship will be terminated and the Foundation holds the right to reimburse the already paid amount from the scholarship student.

If it emerges that information influencing the awarding of the scholarship is falsified, concealed or the scholarship has not been used in full for the purpose mentioned in the application, or the scholarship report has not been carried out within the allocated period, the body granting the scholarship has the right to recover the scholarship in part or in full.

The student commits to taking care of his/her pension insurance payments, life- and sickness insurances as well as other liabilities towards the employer.

The recipient gives permission for the awarding party to publish the recipient’s name, the amount issued and its purpose in its magazine or on its website.