The initiative, established by the American Chemistry Council, the American Institute of Chemical Engineers, Chemours, and the HBCU Week Foundation, offers selected scholars $10,000 annually for four years. Beyond financial aid, the program provides structured mentorship, internship placements, and networking access with industry-leading sponsoring organizations. Current data highlights the program's efficacy: FOSSI scholars graduate at nearly triple the average four-year rate for HBCU students, with 80 percent securing full-time employment in STEM or advancing to graduate programs.

Mark Costa, Chair of the FOSSI Advisory Board and CEO of Eastman Chemical Company, noted that the program aims to cultivate the next generation of scientists and engineers capable of addressing global challenges. For recipients like Samiya Miller of North Carolina A&T State University, the initiative bridges the gap between academic ambition and professional reality. Applications for the 2027 cohort remain open through January 8, 2027, for students pursuing industry-relevant degrees at HBCUs.