Catalyst Science Limited (CSL) has announced a significant partnership that will see it double the prize money for its annual science competition, which is one of the most prestigious in the country.
The new sponsor, a leading pharmaceutical company, will be the main sponsor of the competition and will contribute significantly towards increasing the prize money from $500,000 to $1 million. This move by the company demonstrates its commitment to supporting scientific research and encouraging innovation in the field of science.
The announcement comes at a time when the country's scientific community is facing unprecedented challenges due to the COVID-19 pandemic. The competition aims to inspire young people to pursue careers in science, technology, engineering, and mathematics (STEM), while also providing them with valuable skills and knowledge that can help them succeed in their future endeavors.
CSL has been a strong supporter of the competition since its inception and has played a vital role in shaping the competition into what it is today. The company's involvement in the competition will not only increase the prize money but also provide more opportunities for students to participate and showcase their talents.
In conclusion, the partnership between CSL and the science competition highlights the importance of investing in education and promoting STEM fields. It is hoped that this collaboration will encourage more young people to pursue careers in these fields, thereby contributing to the growth and development of the country's economy.