Rich-lister Jack Cowin’s $3m uni grant aims to widen student horizons

Published 20 August 2013 08:57, Updated 21 August 2013 06:54

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Rich-lister Jack Cowin’s $3m uni grant aims to widen student horizons

Rich lister Jack Cowin is likely to play a mentoring role to the Australian and Canadian students chosen to take part in his scholarship exchange program Photo: Andrew Quilty

Fast food king and BRW Rich 200 list member Jack Cowin has given $3 million to Bond University to establish a student exchange scheme with Cowin’s alma mater, Western University in Canada.

Cowin, who established Hungry Jack’s in Australia as a franchise of the US Burger King brand, said the aim of the scholarship scheme was to increase the international exposure of students at both universities.

“You cannot be successful and understand the potential of what is going on in the world when you just do business in your own backyard,” he said.

His donation has established the Jack and Sharon Cowin Scholars Award, named after him and his wife, which will fund 10 students each year from each institution to spend about a semester at the other university.

“The aim is there would be 100 scholars after 10 years,” said Bond University vice-chancellor Tim Brailsford.

“It’s a competitive process, we anticipate there will be quite a bit of demand for the program.”

Professor Brailsford said there was a larger goal behind the scholarship program, which was Cowin’s vision “around building business leaders and business networks between Australia and Canada”.

He said that Cowin would be likely to play a mentoring role to those who were chosen as Cowin Scholars.

Read the full story on The Australian Financial Review.