Fellowships and scholarships for overseas studies for the 1998-99 academic year are now up for grabs.
The Sir Edward Youde Memorial Fund Council aims to encourage the best students to pursue further education at institutions abroad.
Successful candidates are expected to have a strong sense of commitment to Hong Kong and be ready to contribute significantly to the community when they return.
They must work in the territory for at least three years after graduating.
The fellowships are for studies leading to postgraduate degrees - either by research or course-work.
The scholarships are for undergraduate studies leading to first degrees.
The value of a fellowship is about $228,000 per year for up to three years for a doctoral degree, or two years for a masters degree.
Scholarships are worth about $210,000 per year for up to three years.
Applicants will have to find themselves overseas places.
For information about application forms and procedures, call 2802 1638 or 2802 1639.
The closing date for all applications is September 30 this year.
Shortlisted applicants will be required to attend a first interview in January.
Further interviews will be held in February and March.