OnePlus has announced that it will offer full scholarships to several undergraduate students of the Indian Institute of Technology Madras (IIT Madras). The scholarship will provide full financial scholarships to several students of the reputed institute. The scholarship program is open to new and existing students at the IIT Madras in the undergraduate (BTech) program.

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Students will be evaluated as per the Merit-cum-Means eligibility criteria by IIT Madras, which will manage the scholarship review process. "The Never Settle Scholarship program is committed to easing the financial burden of education by offering substantial scholarships to deserving students basis the above-mentioned criteria," the company said in a mail.

Commenting on the OnePlus' move, Prof. Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, said, “IIT Madras is glad to partner with OnePlus for the ‘Never Settle’ Scholarship, reinforcing our commitment to empowering future innovators in science and technology. I thank the OnePlus leadership team for joining us in our efforts to enable a brighter educational landscape for India’s youth.”

Pete Lau, founder of OnePlus, said that fostering continuous innovation is the most exhilarating part of their work

"Our community has been at the forefront of all our endeavours, actively shaping the brand since its inception 10 years ago. The support and enthusiasm we received from our community during our first official community meet in India were instrumental in our decision to launch in the country. Since then, our journey of a decade in the region has been truly remarkable. As a tech brand, fostering continuous innovation is the most exhilarating part of our work. Our collaboration with IIT Madras holds immense significance as we embark on this meaningful venture together with our community," Lau said.