Bank of America revealed in a press release that it will sponsor the National Center for Women & Information Technology (NCWIT) Award, which will play an instrumental role in encouraging girls to pursue computing-related careers, know the world of technology and generate visibility for women's contributions.

U.S. government and top companies from a range of economic sectors have already expressed the necessity to improve the performance of students in the critical "STEM" fields of science, technology, engineering and mathematics.

The applications for NCWIT Awards will be accepted until 11:59 PM, Oct. 15. Students can apply online by clicking here.

"Computing and technology are essential to innovation and progress, so it's critical that we increase the quantity, diversity, and capability of American students who have the right skills," said Amy Brady, global transition, quality and change delivery executive at Bank of America, in a statement. "Our partnership with NCWIT is one way we can build opportunities for young people in the science, technology, engineering and math fields — and nurture tomorrow's technology innovators."

The awards will be given to students, who plan to pursue post-secondary education and those who have an interest in computing and technology, proven leadership ability, and outstanding academic performance.

Further, as announced in the press release, each national award-winner will receive a trip to attend the Bank of America Technology Showcase and Awards Ceremony in Charlotte, N.C.; $500 in cash; a laptop computer; an engraved award for both the student and her school; and the opportunity to participate in a mentoring program supported by Bank of America associate volunteers.

The NCWIT Award will recognize 445 young women — including national winners, winners from 17 local award programs, and runners-up — across the country.

The initiative has already marked its success as several past winners have been selected by top institutions and contributing to open source projects and leading national teams at various levels. They are teaching other students and building robots under the internship of various big corporations.

Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Tammy Wolf