Avery Dennison Foundation Launches “spirit Of Invention” Scholarship Program In India October 3, 2012

AVERY DENNISON FOUNDATION LAUNCHES “SPIRIT OF INVENTION” SCHOLARSHIP PROGRAM IN INDIA

Ten outstanding engineering students from three leading Indian colleges recognized at inaugural award ceremony

Bangalore, India, — The Avery Dennison Foundation today launched its ”InVent: Spirit of Invention” program in India with a ceremony in which ten outstanding college students were awarded scholarships intended to foster the spirit of innovation and entrepreneurship among India’s engineering, science and technology students.

The Spirit of Invention scholarship program is open to all first-year Indian national students who demonstrate outstanding academic performance with a strong interest in innovation. The merit-based grants provide US$1,200 to each student during their second year of study. This year, three of India’s most prestigious institutes of higher learning– the Birla Institute of Technology & Science, Pilani, M. S. Ramaiah Institute of Technology, Bangalore and the PVG College of Engineering and Technology, Pune – were invited to participate.

“We are extremely pleased to bring the Avery Dennison Foundation ‘Spirit of Invention’ scholarship program to India,” said Alicia Procello Maddox, president of the Avery Dennison Foundation and senior director of community investment for Avery Dennison Corporation. “The program seeks to inspire creative, inventive students to become significant contributors to the economic well-being of their communities.”

The award ceremony took place today at the Movenpick Hotel & Spa in Bangalore, India and was presided over by Rishi Pardal, vice president and managing director, South Asia of Avery Dennison’s Retail Branding and Information Solutions business, and a team of local Avery Dennison leaders. The ceremony was immediately followed by a visit to the Avery Dennison Knowledge Centre in Bangalore, where the scholarship recipients were immersed in the innovation process while interacting with Avery Dennison leaders and staff to sharpen their inventive and entrepreneurial skills.

“India is an increasingly important market and a source of highly-educated talent for Avery Dennison,” said Pardal. “As a major investor and employer in India, we want to help nurture this talent pool and encourage the spirit of innovation through key initiatives such as InvEnt, which we believe can contribute so much to India’s continued growth and development.”

Avery Dennison, a global leader in labeling and packaging materials and solutions, employs over 1,200 people at facilities in Pune, Gurgaon and Bangalore, and since 1997 has experienced strong sales growth in India. The company operates a Knowledge Center in Pune for customers, and is opening an Innovation Center in Bangalore. The Avery Dennison Foundation is the philanthropic arm of the corporation.

The 2012 “InvEnt” Scholars in India

College
Student
Field of Study
Birla Institute of Technology & Science

Ankit Kumar Rout
Mechanical

Vijay Jain
Mechanical

Jammalamadaka Mani Sai Suryateja
Mechanical

Saket Krishnakumar Agrawal
Mechanical

Alok Singh Thakur
Chemical
M S Ramaiah Institute of Technology
Shreya Bhattacharya
Chemical
PVG College of Engineering and Technology
Sharvari Sunil Deshpande
Mechanical

Aishwarya Pralhad Upadhye
Mechanical

Chinmay Vivek Deshmukh
Mechanical

Vaibhav Shailesh Jain
Mechanical

Additional details about the Avery Dennison Foundation scholarship program can be found online at http://www.iie.org/Programs/Avery-Dennison-Foundation-InvEnt-Scholarship

About the Avery Dennison Foundation
The Avery Dennison Foundation’s mission is to advance the causes of education and sustainability in the communities where Avery Dennison employees live and work. In cooperation with organizations that receive grants, the Foundation also encourages corporate employees to engage in local community involvement opportunities and, through volunteer work, bring the same spirit of invention and innovation found at the heart of the company's success.

About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2011. Learn more at www.averydennison.com.