AXA Research Fund: Applications Open and Financing Available
March 18 2008 - 4:09AM
PR Newswire (US)
PARIS, March 18 /PRNewswire-FirstCall/ -- On March 14, 2008 the
Scientific Board of the AXA Research Fund held a meeting chaired by
Ezra Suleiman to approve Fund's scope of action as well as its
financial support allocation processes. As announced on October 10,
2007 the AXA Research Fund will be allocated a five-year 100
million Euro budget and will be managed by a Scientific Board
chaired by Ezra Suleiman, Professor in Political Sciences at
Princeton University (U.S.A.) and member of the AXA Supervisory
Board. AXA believes that part of its engagements as a good
corporate citizen means that the private sector can and must help
public funding to promote academic research. Areas of interest for
the AXA Research Fund The AXA Research Fund will focus its actions
on four main areas of research; all related to the understanding
and the prevention of major risks to humans and the environment: --
Economics & Finance: risk assessment and measurement, modelling
of behaviors when facing risks, systemic financial risks, and
economics of medical research for example -- Sciences: climate
change & associated risks and impacts, longevity, long-term
care and rehabilitation, science and technology i.e. sociology of
modern research -- Technologies: security of networks, quantum
information & its impact on information systems for example --
Social Sciences: sociology of modern research & innovation,
social reactions to innovation and to risks, market evolutions
& consumers' behaviour, adaptability of organizations, etc.
Means of action of the AXA Research Fund 1. Grants to institutions:
a. Endowments or Chairs: Every year, one or two research
institutions will be awarded an endowment which, when invested,
will generate a regular stream of income. b. Financing of specific
chairs: Every year two to four 250,000 Euro chairs will be awarded
to research institutions to work on specific topics for a period of
3 to 5 years. 2. Scholarships to researchers (upon proposal from
their respective research institutions). a. Every year AXA will
award 2 > each with a 250,000 Euro prize. b. The AXA Research
Fund will grant 30 post-doctorate scholarships and 40 PhD
scholarships (of which 10 CIFRE-scholarships). 3. Financing
research projects: Every year the Fund will allocate a total amount
of 6 million Euros dedicated to innovating research projects. 4.
Promoting Research Literature: The AXA Research Fund will help
increase the visibility of the work by researchers through the
financing of the publishing of scientific literature, the set-up of
efficient databases as well as supporting the organization of
various conventions or conferences. Researchers and institutions
will have the opportunity to apply for support from the AXA
Research Fund by visiting http://researchfund.axa.com/ where all
selection processes and criteria are detailed. About AXA AXA Group
is a worldwide leader in Financial Protection. AXA's operations are
diverse geographically, with major operations in Europe, North
America and the Asia/Pacific area. Full year 2007 IFRS revenues
amounted to Euro 94 billion and adjusted earnings to Euro 6,138
million. The AXA ordinary share is listed on compartment A of
Euronext Paris under the ticker symbol CS (ISIN FR0000120628 -
Bloomberg: CS FP - Reuters: AXAF.PA). The American Depository Share
is also listed on the NYSE under the ticker symbol AXA. This press
release is available on the AXA Group web site: http://www.axa.com/
DATASOURCE: AXA Group CONTACT: Media: Christophe Dufraux,
+33-1-40-75-46-74, or Armelle Vercken, +33-1-40-75-46-42, both of
AXA Group Web site: http://www.axa.com/
http://researchfund.axa.com/
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