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​​​The Fellowship program has four inter-related objectives:

a. Opportunity for Fresh PhDs: the primary objectives is to create an opportunity for fresh PhDs to obtain academic experience and mentorship, for one year, in public or p​rivate universities, prior to their formal entry into the academic job market.​
b. Opportunity for Universities: A related objective is to support universities in their recruitment processes, by enabling them both to introduce their campuses to emerging scholars and reducing their eventual search costs. Subject to availability of vacant positions at the department of placement of the IPFP Fellow, host institutions are encouraged to advertise regular faculty positions during the term of the Fellowship in order to provide an opportunity to the IPFP Fellows. IPFP Fellow may apply, if eligible and compete for regular faculty positions on merit as per the recruitment rules of the Host Institution.
c. Gap Assessment and Feedback: Third, the Fellowship is preceded by a gap assessment exercise both to identify optimal capacity building investments, and to provide feedback to universities on the strengths and weaknesses of their PhD programs.
d. Capacity Building: Finally, the Fellowship includes an intensive capacity building program designed to equip the Fellows with skills required to become effective teachers, researchers, or ​university administrators, and thus enhance the probability of future success in academic life.​