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The White House released a statement saying that the Quad Fellowships will sponsor 25 students from each of the four countries to study Science, Technology, Engineering and Mathematics at masters and doctoral levels in the US.

President Joe Biden said, “We’re launching a Quad Fellowship for students from each of our Quad countries to pursue advanced degrees in leading STEM programs here in the US. It represents an investment in the leaders, innovators and pioneers of tomorrow.”

Schmidt Futures will operate the program which will be sponsored by industry leaders like Accenture, Google, Mastercard, Boeing, and Western Digital. A taskforce comprised of academic, foreign policy and private sector leaders from each of the four countries.

A highlight of the Quad Summit led by the US, the partners said they hoped that this new program will “bring together exceptional American, Japanese, Australian, and Indian masters and doctoral students in science, technology, engineering, and mathematics to study in the US.”

It will also develop a network of science and technology experts “committed to advancing innovation and collaboration in the private, public, and academic sectors, in their own nations and among Quad countries.”

The program will develop a network of science and tech experts who have a deep understanding of one another’s societies and cultures.