PUBLISHED : Tuesday, 17 October, 2000, 12:00am
UPDATED : Tuesday, 17 October, 2000, 12:00am

Outstanding students now have the chance to receive world-class education at Cambridge University's 'Gates Cambridge Scholars', thanks to the Bill and Melinda Gates Foundation.

The foundation was set up by the billionaire chairman of Microsoft, Bill Gates.

It hopes to create a network of future leaders who will improve lives of citizens in their countries. Gates scholars will be selected on grounds of academic ability and leadership potential.