Cyprus Foundations Administration (EVKAF) has announced that it will be providing scholarships to three students each year.
The foundation said their aim was to keeping alive the names of the Champion Angels Team through the success of the youth.
The Champion Angels Association and EVKAF held a meeting to determine the criteria for the scholarships.
Students who meet the criteria can apply to the Cyprus Foundations Administration between the 14th August and the 4th of September.
Three students who qualify for the scholarships will receive three minimum wages as their scholarships each year.