The announcement was made by executive chairman of Ford William Clay Ford Jr at an even in the university.
The Ford Centenary Quercus Scholarship will run for five years, beginning with the 2017-18 academic year and will run until 2022 and will help around 50 students to realise their potential and to fully develop their talents through educational and practical support.
UCC’s Quercus Talented Students’ programme, has been running since 2015 and seeks to support and promote excellence for prospective undergraduate students and students already registered in UCC.
The new scholarship will target in particular students who show outstanding promise in the areas of active citizenship and innovation/entrepreneurship, seeking to nurture the talent of each student through support, challenge and mentoring.
Mr Ford Jr said the visit to Ireland was not just about remembering the past but about investing in the future.
“With both deep personal and business connections to Ireland, I am delighted to celebrate not only 100 years of Ford in Ireland this week, but also to support the advancement of talented students at UCC with this new scholarship programme."
"While we have a lot to celebrate about our past, I’m especially excited that this scholarship provides the opportunity for us to support a new generation of innovators and leaders that can help shape the future for the next 100 years,” he said.
Following the announcement, Mr Ford Jr received an honorary Doctorate of Economic Science from UCC and the National University of Ireland (NUI).
Ford 100 Years
Monday, April 17 this year marked exactly 100 years since Henry Ford established Henry Ford & Son Limited on the Marina in Cork, his ancestral home city. It also kicked off a week-long series of activity with William Clay Ford, Jr., in Cork for to mark the centenary and participate in a number of commemorative events, including a visit back to the ancestral home of the Ford family in Ballinascarthy, Co. Cork.
Ford participated in a commemorative event at Ballinascarthy, unveiled a plaque marking the centenary, and an event recognising the contributions of Henry Ford & Son Ltd. pensioners at a Civic Reception hosted by the Cork City Lord Mayor Cllr. Des Cahill. The week-long celebration concludes with a Gala Event at Cork City Hall on Friday evening April 21.