The Foundation provides fellowships to the exceptionally talented in the study of applied sciences and engineering. They look to support the graduate education of America’s most promising technical talent, the Ph.D.-directed effort of the young men and women who can be expected to have the greatest impact on the application of the physical sciences to human problems during the next half-century. In addition to financial support, the Foundation provides ongoing mentoring, symposia and a network of peers providing Fellows with a forum to share ideas and explore opportunities throughout their careers. The Foundation is developing ways for Hertz Fellows to communicate with their peers across generational and disciplinary lines, further enhancing their opportunities to gather information, form scientific networks and make contributions. The Graduate Fellowship Award is based on merit (not need) and consists of a cost-of-education allowance and a personal-support stipend for up to five years.