The Vector Institute announced Friday, it will award up to 115 scholarships to students who are pursuing a full-time AI-related master’s degree in the 2019-20 academic year. The scholarships will be granted to students in both core technical fields and complementary programs like business and healthcare.

Students that are accepted for full-time study in an AI-related master’s program that is recognized by Vector, or a master’s program in Ontario in an AI-related discipline offering individualized study paths focused on AI, will be considered for the scholarship. Applicants will have to submit a personal statement explaining their AI experience and aspirations, acquire two references, and have a GPA equivalent to first class standing.

The new Vector Scholarship aims to attract top students to learn from some of the world’s best faculty based in Toronto and across Canada.

The scholarships are valued at $17,500 for one full year and all scholarship winners and students enrolled in Vector-recognized master’s programs will become part of the Vector Institute’s network of students, faculty, and employers.

The Vector Institute is an independent non-profit dedicated to advancing AI and excelling in machine learning. The Vector Institute’s goal is to drive excellence and leadership in Canada’s knowledge, creation, and use of AI. The new Vector Scholarship in Artificial Intelligence aims to attract top students to learn from some of the world’s best faculty based in Toronto and across Canada.

Related: Vector Institute doubles AI faculty with 10 new additions

Since its launch less than two years ago, the Vector Institute has has helped bring about more than $1 billion of announced AI and tech-related investments, which the group said, will result in the creation of 25,000 jobs across Canada. In 2017, the Government of Ontario committed $30 million to the Vector Institute in addition to the $50 million already committed to the Institute earlier that year.

The appliation and more detail on the Vector Scholarship in Artificial Intelligence can be found here.