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Scholarship Program. This Act builds on the current Science and Technology Scholarships offered by the Department of Science and Technology (DOST), through its Science Education Institute (SEI), as provided for in Republic Act No. 7687, otherwise known as the "Science and Technology Scholarship Act of 1994". It envisions a fast tracking of more science, technology, and engineering graduates by offering scholarships to deserving students in these courses in their third year of undergraduate study, based on their competitiveness and merit. It also offers additional incentives to attract the graduates of this scholarship program into teaching science, mathematics and technology courses in a public or private high school.
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