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Wednesday, August 27, 2014

ThomasNet Launches Scholarship to Tackle the Talent Shortage in Engineering and Manufacturing

Last week, IMT Fluid & Gas Flow Journal reported on the Fieldbus Foundation’s James O. Gray-Fieldbus Foundation Scholarship Fund that has been furnishing financial aid to students studying fieldbus and process automation technologies since 2003.

It’s no secret that the many industries that rely on engineers now and in the future are facing a growing talent crisis and skills gap due to an aging workforce, with many employees approaching retirement age; manufacturing’s eroded image as an enriching profession and career; and shrinking output of graduates from engineering education institutions.

In the oil and gas industry, for example, half of the engineers working in the industry will retire by 2015, according to Cambridge Energy Research Associates, as reported in IMT Fluid & Gas Flow Journal’s sister publication, IMT Career Journal. And today U.S. universities only produce 20 percent of the engineering graduates they did 20 years ago.

ThomasNet North American Manufacturing ScholarshipToday, ThomasNet, this publication’s parent company, announces the ThomasNet North American Manufacturing Scholarship (full press release here), joining the effort to stem the tide of the skills gap and talent shortage in manufacturing. Up to 30 students looking to pursue manufacturing post-secondary or vocational-technical education will each receive a $1,000 scholarship. The ThomasNet North American Manufacturing Scholarship will award students not only in engineering, but those in supply chain management/business operations and the skilled trades.

“For more than a century, we’ve supported American manufacturing by connecting buyers and suppliers,” said Eileen Markowitz, president of ThomasNet. “We hope to have parents, educators, and the manufacturing community join us in encouraging young students to transform their ingenuity and passion into a career. With the launch of ThomasNet’s first North American Manufacturing Scholarship Program, we will recognize those star performers who have already demonstrated achievement in their schools and communities.”

ThomasNet invites IMT Fluid & Gas Flow Journal readers to learn more at and to help invite U.S. high school seniors or Canadian secondary students who plan to attend two- and four-year colleges or learn a skilled trade at a vocational-technical school to apply. The application deadline for the ThomasNet North American Manufacturing Scholarship is July 1. Readers can also help the scholarship fund by signing up for at least one free IMT e-newsletter, as ThomasNet will make a contribution (up to $30,000) with each new subscription.



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