Canadian universities has announced funding for a series of India-specific initiatives valued at over 4 million dollars. An official release in New Delhi says, these investments include the new Globalink Canada-India Graduate Fellowship.Eight Canadian universities have come together to provide graduate fellowships for top Indian students who wish to pursue a Masters or PhD in Canada. The Globalink Canada-India Graduate Fellowship Program will provide up to 51 scholarships valued at more than 3.5 million dollars CAD for Indian students who have participated in the MITACS Globalink program in 2010.This was announced by President and Vice-Chancellor of the University of British Columbia Stephen J. Toope in the presence of the Union Minister for Human Resource Development, Kapil Sibal and Canada’s Minister of State, Science and Technology Gary Goodyear.Speaking on the occasion Kapil Sibal underlined the importance of technology solutions which are affordable for the common man. He expressed the hope that the collaboration between the Canadian and Indian Universities will help in this goal.